The Bugatti stank.
That wasn't an aesthetic judgment from the Greenwich Concours d'Elegance, where a rare 1938 Type 57C Bugatti Atalante coupe sat beneath a Christie's auction tent. Instead, the moldy reek that hit my nostrils, the antithesis of new-car smell, testified to the 45 years the Bugatti had spent decaying in a suburban New York garage. The seller was John W. Straus, 87, a car collector and retired Macy's executive who was instrumental in the store's Thanksgiving Day parade.
Yet to the unnamed collector who paid $852,500 for the Bugatti -- more than double the pre-auction price estimate -- the car's scrapyard condition was a plus. The Bugatti was a lost-but-recovered treasure, a faded canvas for a historically correct restoration that will require thousands of labor hours and cost $200,000 or more.
"The owner can now treat the car and the restoration with the respect it deserves," said Rik Pike of Christie's.
The supercharged, eight-cylinder Atalante was the brainchild of Jean Bugatti, the son of company founder Ettore Bugatti. The culmination of Jean's engineering and design talents, the Atalante's triumph marked his ascendancy in the company. But the marque's future died with the scion in 1939, when Bugatti was killed while testing the 57C racer on a highway in the Alsace, near the company's home in Molsheim, France.
The Bugatti was the star of the Christie's roster, but it wouldn't have cracked a Top 10 of the most valuable classic automobiles at the 12th annual concours on the shores of Greenwich Harbor.
As with older and more-established concours -- Pebble Beach in California and Meadow Brook in suburban Detroit are Nos. 1 and 2 -- the blue blazers and blue bloods were out in force. But in contrast to tweedier-than-thou Pebble Beach, Greenwich has a more relaxed vibe that extends to judging. So-called "French rules" urge judges to rely on their knowledge but to also vote with their hearts. Actor Edward Herrmann, the concours' chief judge, had a simple message for his colleagues.
"Don't choose an ugly car," he said.
That edict was followed in the Best in Show category, which happened to honor another Bugatti Type 57, this one a roadster from 1937, owned by noted Greenwich collector Malcolm Pray.
Not every auction car required a six-car garage or a seven-figure checking balance. My budget eye was drawn to a 1968 Mercedes SL 280 California Coupe, about as head-turning a car as one could find for the $24,200 it fetched.
Among my favorites from the first of two show days, which largely focussed on American iron:
A 1934 Packard LeBaron sport coupe (left), one of only four made, which took Best in Show for American-made cars. It's owned by Joe and Margie Cassini, a New Jersey couple whose Horch 853A had previously taken Best in Show at both Pebble Beach and Meadowbrook. Joe Cassini said that Packard had spent $18,000 to build each of the cars -- a shocking sum in '34 -- but sold them new for $10,000, as much as the market would bear. The Packard featured amazing Art Deco detailing inside and out: Burl walnut, a sliding sunroof, a gas cap hidden in the trunk to avoid breaking up the car's symmetrical lines.
A 1966 Ford GT40, the street version of the Motown racers that hammered Ferrari on their own haughty turf at the 24 Hours of LeMans in ‘66, sweeping the top three spots to leave Enzo Ferrari crying in his Chianti.
A 1937 Cord 812 Coupe, one of only three made from the company that produced some of the most beautiful and advanced cars of its era.
A 1948 Pontiac 28 Silver Streak wagon, in all its wood-paneled glory, topped with a surfboard for this show.
The Lincoln Indianapolis, a creamsicle-orange, one-off design fantasy from 1955, bodied by Italian coachbuilder Boano, once owned by Henry Ford II.
-- LAWRENCE ULRICH