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Collector Pays More Than $30 Million for 1936 Bugatti

Bloomberg -- Aug. 25 (Bloomberg) -- Bloomberg's Julie Hyman reports on an anonymous classic car collector's purchase of a 1936 Bugatti Type 57SC Atlantic for $30 million. Collectors are pumping money into the classic-car market like never before, driving up prices for the world’s most famous models of Bugattis, Ferraris, Mercedes-Benzes and Rolls-Royces. (Source: Bloomberg)

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Submitted Sep 01, 2010 By: DriveStarkNaked

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Cakes77 Champion Author Harrisburg Posts:3,000 Points:1,234,990 Joined:Aug 2006	Message Posted: Sep 1, 2010 8:08:00 AM Ignore Cakes77 Report Abuse Sorry - that is going overboard there.
BBopp Champion Author Dayton Posts:5,054 Points:1,598,925 Joined:Dec 2006	Message Posted: Sep 1, 2010 5:24:18 AM Ignore BBopp Report Abuse Wow, $30 mill. I can't imagine. Think of all the good that money could do?
BMW2014 Champion Author Toronto Posts:1,794 Points:364,300 Joined:Jun 2010	Message Posted: Sep 1, 2010 4:50:14 AM Ignore BMW2014 Report Abuse Old Junk give you some bragging right. Nothing else.
granitestater Champion Author New Hampshire Posts:6,334 Points:1,022,370 Joined:Oct 2008	Message Posted: Sep 1, 2010 2:14:02 AM Ignore granitestater Report Abuse What do think I can get for a beat-up '85 Gremlin?
Rt118E Champion Author Pennsylvania Posts:6,729 Points:909,660 Joined:Jun 2009	Message Posted: Sep 1, 2010 1:02:27 AM Ignore Rt118E Report Abuse Collector are using new ways of making a profit on investment
Saturn93 Champion Author Salt Lake City Posts:6,587 Points:1,491,875 Joined:Oct 2006	Message Posted: Sep 1, 2010 12:56:41 AM Ignore Saturn93 Report Abuse Some people have more money than common sense. Nice of them to share the wealth.
LilRedWagonIN Champion Author Indiana Posts:5,436 Points:1,108,750 Joined:Oct 2008	Message Posted: Sep 1, 2010 12:54:03 AM Ignore LilRedWagonIN Report Abuse It will be interesting to see the prices generated at the Labor Day Weekend Auction at Auburn, Indiana.
OnTheWater Champion Author Orange County Posts:2,123 Points:622,380 Joined:Nov 2009	Message Posted: Sep 1, 2010 12:51:42 AM Ignore OnTheWater Report Abuse Damn must be nice to have 30 million laying around!!!!
PetroScopper Champion Author Houston Posts:4,387 Points:1,095,595 Joined:Aug 2008	Message Posted: Sep 1, 2010 12:49:07 AM Ignore PetroScopper Report Abuse If that person has 30 million to spend on a classic car, then he isn't worried about money. So, I guess it makes sense that he would spend that much money on something that he wanted... it's just money!
Amtrgas Champion Author Oakland Posts:2,553 Points:1,234,045 Joined:Dec 2007	Message Posted: Sep 1, 2010 12:45:22 AM Ignore Amtrgas Report Abuse Too much for any car.
UseLessGasFolks Champion Author Iowa Posts:3,119 Points:840,905 Joined:Jul 2007	Message Posted: Sep 1, 2010 12:42:12 AM Ignore UseLessGasFolks Report Abuse I can't imagine what it must be like to have that kind of money to throw around. Probably one of those jerks that complain about plans to remove tax breaks for the rich.
furiousfowl Champion Author Riverside Posts:14,640 Points:2,326,800 Joined:May 2005	Message Posted: Sep 1, 2010 12:38:48 AM Ignore furiousfowl Report Abuse must be nice to have an extra 30 million burning a hole in yer pocket, lol
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Sep 1, 2010 12:38:37 AM Ignore bigreddwg Report Abuse i am surprised jay leno didn't outbid him for it - just shows that, although the bugatti was a great car in its day, it truly means someone has too much money to waste on a 74 year old car...do you know how many meals on wheeels that could buy, how many homes could be built for it, or how many teachers and schools could be paid/built with that money!!!!
J Eric Champion Author Los Angeles Posts:8,170 Points:1,660,375 Joined:Feb 2004	Message Posted: Sep 1, 2010 12:37:53 AM Ignore J Eric Report Abuse Must be a beautiful "Bug" but what's that got to do with the price of gas?
hank1326 Champion Author Los Angeles Posts:6,713 Points:1,284,305 Joined:Jun 2008	Message Posted: Sep 1, 2010 12:37:25 AM Ignore hank1326 Report Abuse How about give the money to save the teachers fund?
Zonk Champion Author Michigan Posts:4,147 Points:1,642,000 Joined:Oct 2005	Message Posted: Sep 1, 2010 12:25:06 AM Ignore Zonk Report Abuse $30 million....The guy has too much money.
DocsPCRehab Rookie Author Pennsylvania Posts:71 Points:31,570 Joined:Mar 2005	Message Posted: Sep 1, 2010 12:21:45 AM Ignore DocsPCRehab Report Abuse Member has no profile but can still submit a news story.
250FORD Champion Author Minnesota Posts:8,266 Points:1,303,355 Joined:Feb 2007	Message Posted: Sep 1, 2010 12:20:50 AM Ignore 250FORD Report Abuse Theres a guy with far to much money on his hands, now $30 million less I guess.
NOTSOGRN Champion Author Michigan Posts:1,297 Points:1,086,975 Joined:Dec 2007	Message Posted: Sep 1, 2010 12:20:07 AM Ignore NOTSOGRN Report Abuse Is this a car bubble...pop!
dabuzman Champion Author Seattle Posts:4,399 Points:1,430,800 Joined:Apr 2006	Message Posted: Sep 1, 2010 12:15:32 AM Ignore dabuzman Report Abuse They all must be stupid. for iron not worth that much. I got some scrap iron I'd love to sell then. Guess this causes the gas & crude to go up.
pgerassi Champion Author Milwaukee Posts:8,536 Points:1,669,900 Joined:Apr 2007	Message Posted: Sep 1, 2010 12:14:16 AM Ignore pgerassi Report Abuse The only car worth $30 million is one with $30 million plus in the back seat (you have to account for inflation and the money for guards.
kcboy Champion Author Utah Posts:2,437 Points:1,193,255 Joined:Jun 2005	Message Posted: Sep 1, 2010 12:14:15 AM Ignore kcboy Report Abuse That's a lot of money for a car.
TigerRose Champion Author Illinois Posts:12,740 Points:2,420,335 Joined:Mar 2004	Message Posted: Sep 1, 2010 12:11:17 AM Ignore TigerRose Report Abuse Sure I like Bugattis, but there isn't a car in this world that is worth $30 million to me.
vulcan96 Champion Author Ohio Posts:21,195 Points:2,643,495 Joined:Aug 2004	Message Posted: Sep 1, 2010 12:10:14 AM Ignore vulcan96 Report Abuse that makes it seem that as your riches go up and out of sight, your brains go out of sight also.....
topcat57 Champion Author Memphis Posts:160,900 Points:2,234,805 Joined:Aug 2005	Message Posted: Sep 1, 2010 12:06:42 AM Ignore topcat57 Report Abuse That's what you call having more dollars than sense.
Jeff4U Champion Author Atlanta Posts:5,990 Points:1,389,570 Joined:Nov 2004	Message Posted: Sep 1, 2010 12:04:46 AM Ignore Jeff4U Report Abuse About as relevant and exciting as me telling you I mowed the grass today. Who cares?
joel27nc Champion Author Raleigh Posts:8,177 Points:1,396,345 Joined:Mar 2008	Message Posted: Sep 1, 2010 12:00:46 AM Ignore joel27nc Report Abuse Just a little out of my league!
Jeff1944 Champion Author South Dakota Posts:3,116 Points:682,765 Joined:Jan 2010	Message Posted: Sep 1, 2010 12:00:30 AM Ignore Jeff1944 Report Abuse Nice hobby for the well to do.
Number43 Champion Author Lexington Posts:6,320 Points:1,194,855 Joined:Oct 2008	Message Posted: Aug 31, 2010 11:54:58 PM Ignore Number43 Report Abuse So what ? The price of collectable postage stamps are way down from their highs. How is any of this of any value to people being hurt by high gas prices. Maybe we need a new web site. One that concentrates on gas prices and leaves left wing politics to the left wing nuts. I am sick of this place.
HA4CNN Champion Author Toronto Posts:3,483 Points:1,103,720 Joined:Dec 2006	Message Posted: Aug 31, 2010 11:54:40 PM Ignore HA4CNN Report Abuse Must have money to burn.
homerj281 Champion Author Toledo Posts:3,092 Points:369,745 Joined:Oct 2007	Message Posted: Aug 31, 2010 11:52:41 PM Ignore homerj281 Report Abuse Never.
DosEquis26 Champion Author Chicago Posts:3,773 Points:1,545,470 Joined:Jun 2006	Message Posted: Aug 31, 2010 11:51:07 PM Ignore DosEquis26 Report Abuse this car is going to need incredible gas mileage tomake it pay.
scrounger Champion Author Vancouver Posts:9,636 Points:2,650,765 Joined:Mar 2003	Message Posted: Aug 31, 2010 11:50:13 PM Ignore scrounger Report Abuse more money than god sense?
RENEGADEGAS Champion Author Missouri Posts:12,089 Points:1,131,080 Joined:Jul 2008	Message Posted: Aug 31, 2010 11:45:23 PM Ignore RENEGADEGAS Report Abuse This effects the price of gas and oil how?
Quick68 Champion Author Columbus Posts:4,864 Points:762,800 Joined:Dec 2009	Message Posted: Aug 31, 2010 11:44:45 PM Ignore Quick68 Report Abuse Bloomberg is way behind time. This was in the newspaper last year.
panama303 All-Star Author Denver Posts:790 Points:267,245 Joined:Jan 2005	Message Posted: Aug 31, 2010 11:39:30 PM Ignore panama303 Report Abuse leaded gas I'm certain.
ThatHunt Champion Author Dallas Posts:4,487 Points:1,630,015 Joined:Jul 2006	Message Posted: Aug 31, 2010 11:32:04 PM Ignore ThatHunt Report Abuse wow. I want to drive this car.
Vette1967 Champion Author Albany Posts:3,670 Points:819,020 Joined:Jun 2009	Message Posted: Aug 31, 2010 11:28:54 PM Ignore Vette1967 Report Abuse What's the MPG rating?
Rageagainsttm Champion Author Tampa Posts:6,029 Points:1,451,095 Joined:Jul 2007	Message Posted: Aug 31, 2010 11:28:16 PM Ignore Rageagainsttm Report Abuse He must have a good job or something like that.
kyrunner Champion Author Lexington Posts:6,615 Points:1,237,065 Joined:Aug 2008	Message Posted: Aug 31, 2010 11:26:59 PM Ignore kyrunner Report Abuse Just a little out of my league! What does this have to do with gas prices?
AuburnTim Champion Author Indiana Posts:5,719 Points:1,289,665 Joined:May 2005	Message Posted: Aug 31, 2010 11:26:05 PM Ignore AuburnTim Report Abuse To bad this person can't post this article in the correct topic