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Is a wrecked Bugatti worth $250k?

When a Bugatti Veyron crashed on a highway in Austria a few months ago, insurance company AXA estimated the cost of repairs at upwards of $800,000. Of course, there were worries that even after all the repairs the car may never drive quite the same. So rather than try, the insurance company evidently wrote it off and paid the owner the insured value of the car. But now it's got the wrecked Bugatti on its hands, and is looking to offload it.
This early model, built in 2008, has the original version's 987-horsepower 8.0-liter quad-turbo W16 engine, a fixed roof and a blue and black livery - unlike some more recent examples that have adopted a removable roof panel, employed a more powerful 1,184-hp engine and moved away from the original two-tone paint schemes. It's got nearly 20,000 miles on the odometer and would still require the better part of a million bucks to get it running again... at which point it could be worth more in spare parts, which surely don't come cheap from the manufacturer in Molsheim.
Alternatively, with bidding currently hovering around a quarter million, you could just get yourself a brand spankin' new Ferrari 458 Italia, Lamborghini Huracán or McLaren 650S and actually get to drive it without spending eight hundred grand on repairs. But if you were looking to pick up a Veyron on the cheap, regardless of condition, this could be your chance.

Bugatti says an emphatic 'no' to SUVs

Last we heard from Bugatti President, Stephen Winkelmann, the French supercar company had plans for a Bugatti SUV in the future. Today Winkelmann is dashing any such notion emphatically. In a report issued by the company discussing its 2018 performance, Winkelmann declared, "There will be no SUV from Bugatti. An SUV would not do justice to the brand or its history." That sounds pretty clear cut and definitive to us, so consider Bugatti the second supercar manufacturer to disavow the high-riding body style. McLaren is the only other dog in this fight opposing the proliferation of crossovers and SUVs — and for that we salute you, McLaren. The Lamborghini Urus is out and about, and Ferrari's version of an SUV is hot on its heels. Now that the Bentley Bentayga and Rolls-Royce Cullinan exist, they can cater to the luxury crowd, too. We can be glad Bugatti isn't going down the same path as all these other companies. However, Winkelmann didn't rule out any kind of a luxury sedan body style for a future vehicle. The brand has firmly cemented itself in the performance arena with the Veyron, Chiron and more recent Divo variant, but these cars are still only produced in extremely small quantities. For reference, Bugatti says it produced all of 76 Chirons in 2018. A total of 500 are planned through 2021. This appears to be fine for now, as Bugatti hasn't hinted that is is trying to expand. Bugatti happens to be celebrating its 110th anniversary in 2019, and it promises a few surprises in the form of "the presentation of further models." Bugatti has a tendency to come out with even faster versions of cars some years after debuting a car that's ridiculously fast already, so we could be looking at further derivations of the Chiron. That said, we can always hope for even more models and be content knowing that none of them will be a utility vehicle. Related video:

Barrett-Jackson 2014: Simon Cowell's 2008 Bugatti Veyron is a $1.375M certified pre-owned car [w/video]

For a man who's best known for being mean to aspiring singers, Simon Cowell sure seems to garner lots of attention. While Cowell himself didn't make an appearance at Barrett-Jackson, his black on black Bugatti Veyron did, and bidding on it ended with a final sale price of $1.375 million.
Somewhat interestingly, this is the first certified pre-owned Bugatti sold through a new factory program. It includes a full one-year warranty, which must give its new owner some comfort. According to the auction company, Cowell has put 1,300 miles on this particular Veyron. See for yourself in our high-res image gallery above, and scroll down below for a video showing the live auction and the official auction description.