Extremely rare Bugatti finds home in New Zealand

29 June, 2015

Generally speaking, Bugattis are a rare and elusive breed on New Zealand shores. But among the few that reside here, there is one that stands out above the rest in terms of rarity, and New Zealand Classic Car magazine was among the few-hundred invited guests to witness its revelation at Hamilton’s Classics Museum earlier this month.

Owned by Classics Museum owner Tom Andrews, this 1937 Bugatti Type 57 carries an interesting history — and it’s set to have an equally interesting future ahead of it.

By common knowledge thought to be almost extinct, this particular Type 57 — one of only 719 ever built by Bugatti — was discovered in December 2014 in western France as part of ‘The Baillon Collection’. One of the largest barn find treasure-troves in recent history, the 60 cars recovered fetched a total price of US$28.5 million (just shy of NZ$42 million), at auction — some US$10 million higher than price estimated. Tom’s seasoned Type 57 sold for NZ$489,260.

Initially built as a Gangloff-bodied Bugatti, this example was rebuilt with a Ventoux body before eventually winding up in Roger Baillon’s collection of cars where it would sit and rust alongside many other exotic European classics for several decades before being sold to Tom and subsequently making the trip to New Zealand.

While it was revealed to the public in a rather sorry-looking state, the car is set to undergo a remarkable transformation. Tom’s short-term goal is to rebuild it as a Ventoux-bodied car. But his long-term goal is more intriguing: he plans to eventually rebuild the car as a Bugatti Atlantic — one of the rarest, most sought-after cars ever made.

With only four examples ever produced, the Atlantic is a grail for many, as evidenced by Ralph Lauren’s stunning, award-winning, black Type 57SC Atlantic selling for US$40 million (NZ$58.4 million) in 2010. Its swooping lines and curves live on as an exemplary sample of 1930s design and engineering. The notion of a fifth Atlantic rising from the ashes and finding its home in New Zealand is exciting to say the least.

But for now, Tom’s Type 57 will be rebuilt in Ventoux form. We’ll be following this one with plenty of interest!

The originals – the Ledgerwood Collection

Thanks to Central Otago’s dry climate, it’s no surprise to find that Wanaka couple Jim and Daphne Ledgerwood are steadily developing an incredible collection of amazing coupes. ‘The Originals’ they have are as per factory new condition, and their aim is to keep them for everyone to see how it was done back in the day—pure nostalgia.
An occasional email from Jim usually reveals another gleaming addition. The collectors also have an impressive display of American pickups. It’s our gain and US enthusiasts’ loss, as car agent’s adverts proclaim, “Sorry you missed out. Gone to New Zealand!” Some of Jim and Daphne’s cars are almost part of the family, hence their nicknames.

To finish first, first, you must build a winner

Can-Am royalty
Only three M20s were built, including the car that was destroyed at Road Atlanta. This car was later rebuilt. All three cars were sold at the end of the 1972 season. One of the cars would score another Can-Am victory in 1974, driven by a privateer, but the M20’s day was done. Can-Am racing faded away at the end of that season and was replaced by Formula 5000.
These days the cars are valued in the millions. It was unlikely that I would ever have seen one in the flesh if it hadn’t been that one day my editor asked me if I would mind popping over to Taranaki and having a look at a pretty McLaren M20 that somebody had built in their shed.
That is how I came to be standing by the car owned and built by truck driver Leon Macdonald.