Bugatti plucked from lake after 70 years that could fetch £80,000 at auction
Luke Salkeld
8 January 2010
Like many second-hand cars, it could do with a drop or two of WD40. But considering it has spent more than 70 years at the bottom of a lake, this one is in relatively good condition - and could fetch £80,000. The rare 1925 touring Bugatti was pushed into the water by a frustrated tax official in 1936 after the owner abandoned it in Switzerland without paying the appropriate import tax. Because the value of the car was less than the money owed, the customs officer was duty bound to destroy it - and decided to push it into Lake Maggiore.
Then, in 1967, the car was re-discovered by a diver, Ugo Pillon, who was curious to find out if there was any truth to the story. He found the Bugatti lying on its side over 160ft below the surface and from then on members of the local diving club regularly visited it. It was brought back up to the surface in July of last year by the club to raise money to fund a charity which addresses juvenile violence. It was founded after a fellow diver died after being beaten up by three youths.
The 1925 touring Type 22 Bugatti was built in Brescia in Italy and was first registered in Nancy, France. A small brass plate found on the car bears the name 'George Nielly, 48 Rue Nollet, Paris'. It was registered in his name in 1930. The car had four cylinders, a 1.5 litre engine and could reach almost 100 miles an hour. It was a two-seater with no roof and was very light. The Bugatti was a two-seater with no roof and very light. It could reach speeds of almost 100mph. Later versions of the car were made in France, but this was known as a Brescia Bugatti, after the Italian town where it was manufactured.
As to who owned it in Ascona, Switzerland, it has not been determined, however, auctioneers Bonhams believe the most likely candidate is Marco (Max) Schmuklerski, a Zurich-born architect of Polish descent. He is known to have worked there for three years, designing a number of buildings, before returning to Zurich. It is possible he acquired the car while studying architecture at the famous Beaux Arts school in Paris where he may have met George Nielly. But Mr Schmuklerski brought it back to Switzerland without paying import duties. Another theory is that he bought the car from a French tourist or client in Ascona. Whatever the case, the car always kept its French plates and import duties were never paid.
Incredibly, when it was retrieved last summer, there was still air in the tyres and traces of the original Bugatti blue on its bodywork. It's believed that 20 per cent of the vehicle is salvageable and collectors and museums are said to be keen to buy it.