One of the most esteemed car auctions of the world held annually by Gooding & Company in the U.S. in the Pebble Beach Concourse d'Elegance. Concourse d’Elegance has become a valuable barometer for the collectible-car market.
According to the report, a 1937 Bugatti Type 37SC Atalante Coupe brought a record value at the Gooding & Company's annual Pebble Beach auction in California. It was the most expensive car ever sold in the United States which was auctioned for $7.92 million. It was the highest price ever paid for an automobile in the United States.
However, 1937 Bugatti Type 37SC Atalante Coupe wasn't the most expensive car in the world. That honor belongs to a 1961 Ferrari 250 GT SWB California Spyder which was sold for $10.9 million. The production year marks 1937 Bugatti Type 37SC Atalante Coupe it as one of the original cars produced by Bugatti brand.
The original Bugatti company was founded in 1909 in Molshelm, France as a manufacturer of high performance automobiles. The original company is fabled for producing some of the most exclusive and fastest cars in the world. However, brand failed with the coming of World War II. It struggled a lot and released last model in 1950. Finally it closed its doors in 1963 and sold for manufacturing airplane parts rather than automobiles.
Eventually, the Bugatti name was reunified with the auto industry and today, it is owned by Volkswagen AG who have revived it as a builder of limited production exclusive sport cars. Thus, Bugatti now graces a limited line of luxury autos from Volkswagen group.
Image official credit website: