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Bugatti’s entry-level US$3.5 million model for collectors is ‘no car for wimps’

A 2018 Bugatti Chiron, which auction house RM Sotheby’s hopes will appeal to new, younger car collectors. Photo: RM Sotheby's

It’s not often that adding a Bugatti and a Pagani to the mix makes a group more accessible.

But that’s the idea behind RM Sotheby’s “Icons” auction on December 6 in New York.

The sale is meant to appeal to first-time car collectors and wealthy buyers who have probably purchased a high-priced watch or bottle of wine from the global auction house, but haven’t yet dabbled in cars.

The US$14 million 1959 Ferrari 250 GT is up for sale at the ‘Icons’ auction in New York on December 6. Photo: RM Sotheby's
So while well-heeled enthusiasts, long-time Ferrari collectors, and older buyers will naturally gravitate to the US$14 million 1959 Ferrari 250 GT on offer next month – as they always have – staff at Sotheby’s are hoping a US$3.5 million Bugatti Chiron and a US$2 million Pagani Huayra will attract some new interest.
Modern supercars and hyper-cars appeal to a younger demographic … who has an appreciation for modern technology
Ian Kelleher, of auction house RM Sotheby’s

“They appeal to an audience who has an appreciation for modern technology.”

What’s more, modern cars such as the 2018 Bugatti Chiron are easier to drive than, say, the US$1.4 million 1995 Porsche 911 GT2 and US$2.4 million 1965 Aston Martin DB5 Convertible that are also on offer.

“A lot of these modern supercars are significantly more usable,” Kelleher said. “Not everyone has the wherewithal or the ability to handle a 911 at speed around a track.

“They need modern technology in order to make them more comfortable.

New collectors like to differentiate themselves
Ian Kelleher, of auction house RM Sotheby’s

“It’s an area of the market that is evolving, and that is an area we want to be sure to pay attention to.”

The Chiron has plenty of technology, inside and out. It comes with a novel carbon monocoque chassis made with interwoven carbon fibre and aluminium, giving it structural rigidity on the level of a racing car.

Its massive, eight-litre W16 engine can reach speeds close to 450km/h, and it is stopped by carbon ceramic brakes 20 millimetres larger and 2mm thicker than those on the previous Bugatti, plus new, forged-aluminium calipers painted red.

It’s also exceedingly rare, with only 250 miles [402km] on the clock, and it’s the very first Chiron ordered for the US market – one of only 500 made.

The 2014 Pagani Huayra coupe is even rarer – the 78th of only 100 built. This one is finished in silver, set off by a black-leather interior and black aerodynamic flaps on the nose.

“New collectors like to differentiate themselves,” Kelleher says. “The Pagani is a good example of that attitude [because it is so rare compared with something such as a Ferrari 488]”.

That’s just behind the Bugatti’s top speed and closing in on the average world record speed for a production car – of 277.9mph [447.2km/h] – set by the Swedish hyper-car, Koenigsegg Agera RS, on Saturday in the Nevada desert, in the US.

So, yes, the Pagani will be easier to drive than, say, the US$5.5 million 1952 Jaguar C-Type that’s also on sale. But it’s no car for wimps. If you’re lucky enough to buy it, be ready for serious speed.

Luxury cars

Auctioneer RM Sotheby’s knows iconic US$14 million Ferrari will lure regular buyers, but aims to entice fresh interest with cars appealing to younger people