Bugatti sells for over $130,000 despite 73 Years underwater

By Automotive Staff | January 13, 2010
A rare Bugatti after sitting at the bottom of a lake for more than 70 years is expected to sell for more than £80,000 (over $130,000) at auction. Despite being underwater for seven decades, the Bugatti is still in remarkably good conditions. It was reported that there was still air in the tires, as well as traces of the original paint on the body. Experts estimate that 20 percent of the vehicle is still salvageable. The Bugatti was originally dumped into the water in 1936 by Swiss official after the owner abandoned it without paying the import tax. According to the story, the car was worth less than the money owed and the customs officer was compelled to destroy it which was why it was pushed into the lake.
The car soon became a part of the local folklore which is what compelled divers to begin searching for it in the 1960s. The car was eventually found in 1967 by Ugo Pillon, its location becoming a popular spot to visit by members of the local diving club. Following the death of one of their members, the diving club decided to raise the car and auction it off with the money being donated to the Damiano Tamagni Foundation. via The Sun