A rare 1937 Bugatti Type 57S discovered in a British workshop is to be auctioned next month, with a price estimate of between 326 to 457 million pesos.
The “outstanding” Bugatti is in “exceptionally rare condition” and is being sold by Bonhams after being found in the English workshop of its late owner, engineer and car enthusiast Bill Turnbull, in the English county of Staffordshire, the auction house said.
Turnbull, originally from New Zealand, purchased the vehicle from its previous owner in 1969 and then set about quietly restoring it.
Over the five decades since, the Bugatti was all but forgotten. At the time of Turnbull’s death in 2020, the restoration project was almost complete.
Speaking of its significance, Bonhams director Sholto Gilbertson said at the time they were first developed, the Bugatti Type 57S was the “ultimate model… of the time. When they came out they were effectively the fastest and most exclusive car you could buy.”