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Sunken Treasure: Bugatti Pulled From Italian Lake Sells for $370K At Auction, Money Goes to Charity


Sunken Treasure: Bugatti Pulled From Italian Lake Sells for $370K At Auction, Money Goes to Charity

Back in early January, a news story came across the wires that an ultra rare Bugatti Type 22 roadster had been pulled off the bottom of an Italian lake. It had been submerged 70 some years ago when customs officials could not obtain the proper documentation on the car and had to destroy it. They chose to push it into a watery grave, and there it sat for seven decades. It was removed and sold at auction, netting $370,000!

The truly cool part is that the money from the sale is not going into the pocket of some treasure hunter, instead it is going to a charitable foundation founded in the memory of a young Italian racing driver who was attacked and died from his injuries. The car was located by a local diving club and they teamed up with the charity to haul the car out of the water.

The story we read on Yahoo! Cars said that the car needs to be 80% restored. We think they lowballed that number by about 20%. Either way, we’re sure that the buyer, who essentially paid for the honor to pay a bunch of money to bring the car back to life will do the machine proud and the next story we will see will show a gleaming Bugatti Type 22 roadster.

Thanks to BangShift.com forum member Malc for the tip!

Source — Yahoo! Cars — Sunken Bugatti ‘nets’ £228,000

 


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