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1937 Bugatti 57SC sells for record $9.7 million at Amelia

See this car right here? It may very well be the most valuable Bugatti ever sold at auction. Any 57 would stand among the most sought-after Bugattis among collectors. But this particular 1937 Bugatti 57SC Sports Tourer features unique bodywork from British coachbuilder Vanden Plas. That may make it look more like a Jaguar or Morgan than a Bugatti, but that signature grille tells you otherwise. Chassis number 57541 was showcased at the London Motor Show and featured in some of the company's own literature, then went on to race before and after the War on our side of the Atlantic. In superlative condition, the Vanden Plas Bugatti was valued at $11-13 million heading into the Amelia Island Concours d'Elegance where it was auctioned off by Bonhams this weekend. It didn't quite get there, but at $9,735,000, the auctioneer lauds this as "the most valuable Bugatti ever sold at auction and the most valuable car ever sold at Amelia Island." That may not actually be accurate, though. Sports Car Market logs a '31 Royale that Christie's apparently sold for slightly more at $9.8 million way back in 1987, and Gooding & Company sold a '61 Ferrari 250 GT SWB California Spider for $17 million over the same weekend. One way or another, it's a lot of money, and a beautiful car that one very fortunate owner will be taking home with him (or her) from Florida this week. Check it out in the extensive image gallery above and the video clip below. Show full PR text BONHAMS' SECOND ANNUAL AMELIA ISLAND AUCTION A SMASHING SUCCESS – WORLD RECORDS MADE, SALES NEARLY DOUBLED OVER LAST YEAR, AND THE BUGATTI 57SC BECOMES THE MOST VALUABLE BUGATTI EVER SOLD AT AUCTION For immediate release – 11 March 2016 – Amelia Island, Florida – Held Thursday, March 10th at the spacious and conveniently accessible Fernandina Beach Golf Club, Bonhams' second annual Amelia Island auction was a resounding success with nearly $27.5-million achieved. With an impressively diverse and curated selection of 95 automobiles ranging from 19th century motor carriages to 21st century supercars, the handpicked assembly offered something for every taste and interest. Leading the sale was the singular 1937 Bugatti 57SC Sports Tourer by Vanden Plas. Armed with a generous amount of international buzz from the preceding weeks, this very special pre-war car had the auction tent packed to capacity with bidders and spectators. With a starting bid of $6-million, the bidding quickly rose to $8-million.

Audi CEO says brand's EVs are almost as profitable as its other cars

After, oh, a hundred years or so of building vehicles primarily powered by internal combustion engines, automakers around the world have been and still are pumping billions of dollars into the development of electric vehicle technology. Everything from platforms and batteries to motors and the software to control it all requires untold hours of development, and that takes time and money. Fortunately, it's not going to take long for that massive investment to start paying off, at least according to Audi CEO Markus Duesmann, who told Reuters in an interview that "The point where we earn as much money with electric cars as with combustion engine cars is now, or ... next year, 2023. They are very even now, the prices." As a brand, Audi contributed more than a quarter of overall profit for the massive Volkswagen Group, which has such powerhouse brands as Volkswagen and Porsche among others. Under the Audi umbrella are Lamborghini, Bentley and Ducati, and it seems those high-end branches aren't going anywhere, at least for now. "These brands ... are very valuable very profitable brands, where we can even expand the synergy level in the future," Duesmann said in the interview. "There are no plans whatsoever to get rid of them." Despite the overall profitability of the brand, the ongoing global chip crisis is causing headaches. "We had a very strong first half in 2021. We do expect a much weaker second half," said Duesmann, who added, "We really have trouble." In fact, so serious is the trouble that the brand is forced into "a day-to-day troubleshooting process" to limit the chip-shortage damage. The good news for the automaker is that Audi has been able to boost its profit margin from 8% prior to the pandemic in 2019 to 10.7% in the first half of 2021. The bad news is that various chip shortages aren't expected to get a whole lot better over the rest of the year. Related video:

Watch a Bugatti Chiron arrive in style to Monaco dealership

Monaco is known as a playground for the world's ultra-wealthy, so there's no better place to draw the eye of the Bugatti Chiron's potential customers than at a dealer in the tiny city. This clip shows a shining black example of the new hypercar arriving at the showroom. While the 8.0-liter, quad-turbo W16 never gets much above an idle, the growl from the exhausts suggests great things at higher revs. The dark color stands out well on the showroom's white floor. The chrome trim around the doors and intakes also adds a little bit of bling, and the light blue brake calipers provide a nice flash of color. The same turquoise shade appears inside on the center console and seatbelts. It's hard to spot many other details inside because the seats and steering wheel have protective coverings. Even the driver wears white gloves to keep the interior immaculate. Bugatti plans to make just 500 examples of the Chiron for about $2.6 million each, so seeing one is a rare treat, especially this early. They are starting to pop up, though, like this blue one in Manhattan. If you want to hear the Chiron throw a few more revs, this clip from March offers another tease of the upgraded engine's sound.