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Auction news

Italian gems lined up for auction

Pre-production Ferrari 575MM next to first prototype Ferrari 275 GTB4 (sold by Coys in May)

 

A pre-production 575MM Ferrari worth £200,000 and a 1926 Bugatti Type 37 worth £600,000 will be going under the hammer at Coys auctions at Fontwell House and Blenheim palace on June 29 and July 15 respectively.

The 575MM will be offered at Coys auction in the gardens of Fontwell House, Sussex, a few miles away from the action at the Goodwood Festival of Speed.

The car is likely the earliest of the ‘pre-production’ cars made by Ferrari with chassis number 123761. Despite being built in June of 2002, the factory kept it in storage after using it for marketing and promotional purposes before finally registering it in 2006. It was then sold as a ‘new’ car in 2008 to a VIP client direct from the factory.

This 575MM reads less than 13,000km on the odometer, comes with full history file, original manuals Ferrari Classiche and is estimated at £150,000 to £200,000.

The Type 37 Bugatti will be going under the hammer at Coys auction at Blenheim Palace on July 15. In addition, Coys will host their traditional and prestigious summer Concours d’Elegance of rare and unusual motor cars.

The Bugatti was one of the three that world speed record holder and London Bugatti dealer Malcolm Campbell purchased from the works in the spring of 1926. It was then sold to W. B. Scott, a regular competitor at Brooklands and well known in the racing scene at the time. He raced it at Brooklands in 1927 before concentrating on his Grand Prix Sunbeam for the 1928 season.

The car changed hands a few times over the years before being purchased by R. MacLeod-Carey in 1934. In 1940, he sold it to Dudley Gahagan, who owned the it for 57 years before bequeathing the car to the current vendor in 1997.

Gahagan was well established in the classic car world, being involved in the early days of the Vintage Sports Car Club and running the classic restoration business Rees Brothers of Aldershot in Hampshire for many years. He campaigned his beloved Type 37 at numerous hill climbs, time and speed trials, and embarking on various continental trips including the Prescott Hill Climb, Goodwood, Brighton Speed Trials, and at the newly created Silverstone track on over 20 occasions from 1949 through to 1992.

The Type 37 enjoyed a well-earned comprehensive restoration from 2002 to 2008, and since has been used sparingly. It is also still offered with its original chassis, gearbox, and both front and rear axles. It is estimated at £400,000 to £600,000.

1926 Bugatti Type 37

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