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  • Writer's pictureBy The Financial District

Bugatti Sells Its Last Purely Gas-Powered Car For $10.7-M

Bugatti sold its last purely gas-powered supercar at a Paris auction for more than $10 million, setting a world auction record for a new car, Peter Valdes-Dapena reported for CNN.

Photo Insert: The one-of-a-kind Bugatti Chiron Profilée sold at RM Paris collector car auction for a bid of $9.5 million.

Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profilée sold at RM Paris collector car auction for a bid of $9.5 million. With fees paid to the auction house, the final selling price was about $10.7 million.

The price was far above the $4.5 million to $6 million RM Sotheby’s had estimated the car to be worth. The eight-figure price eclipses previous auction sales of new cars, according to Hagerty, a company that tracks the collector car market.

But, privately, a trio of new bespoke, highly customized, Rolls Royces sold in 2021 at about $25 million apiece.

The previous record for a new car sold at auction had been a Ferrari LaFerrari Aperta, an open-topped hybrid supercar that sold for €8.3 million — about $9 million at today’s exchange rates — in 2017, at another RM Sotheby’s. The proceeds of that sale went to charity, though, a factor that tends to result in much higher sale prices.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Bidding for this gleaming blue supercar went so high because it is unique and, in cases like this, collectors “bid knowing they won’t get a second chance,” said John Wiley, manager of valuation and analytics at Hagerty.

Going from zero to 100 kilometers an hour, or 62 miles per hour in just 2.3 seconds, the Profilée is the fastest-accelerating Chiron model, according to Bugatti. It’s capable of up 200 kph, or 124 mph, in 5.5 seconds.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Able to reach 236 miles an hour, it also has a higher top speed than the Pur Sport, but still not as high as some other Bugatti models that can, at least in theory, reach 300 miles an hour.

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