Market Intelligence
2020? Bugatti high stakes poker
The article highlights the most expensive cars sold at auctions in 2020, with five of the top seven cars being Bugattis. The Lamborghini Miura SV “Speciale” sold for £3,207,000, while the 2001 Ferrari 550 GT1 Prodrive sold for $4,290,000. The Bugatti Type 35C Grand Prix sold for £3,935,000, the 1932 Bugatti Type 55 Super Sport sold for €4,600,000, and the 1932 Type 55 Super Sport sold for $7,100,000, making it the most expensive car ever sold at an American auction. The second most expensive car was the 1937 Type 57S Atalante, sold for almost $10 million, and the most expensive car was the 1934 Bugatti Type 59 Sports, sold for an undisclosed amount.
I’ll hardly be revealing any secrets if I said that 2020 was a year to forget, but this phrase doesn’t apply to everyone. Below, you’ll find the seven most expensive cars sold at auctions in 2020 and, surprisingly, given that last year the most expensive car from the brand was ranked fortieth among those with the highest “capitalization”, the top five were all Bugattis. What about the Alfa Romeo BAT cars that went for $14,840,000? It’s worth mentioning them but remember, there were three of them!
Shall we begin?
The seventh most expensive car of the year was the 1971 Lamborghini Miura SV “Speciale” sold by Gooding at the London auction in September. The SV is already the most sought after among the Miuras but this example was delivered new with a dry sump and a limited slip differential, characteristics that only the famous Jota possessed. Sold for £3,207,000, practically double its minimum estimate (£1.6-2,000,000), it broke a world record: the record for the highest value increase for the seller, who paid €195,000 for it in 2002!
