Try GOLD - Free
The Bugatti Buyer
Bloomberg Businessweek
|July 24, 2017 - July 30,2017
Only 500 Chiron supercars—price tag: almost $3 million—will be made. Yet some collectors already have two. Who are these people?
This summer, French Volkswagen subsidiary Bugatti Automobiles SAS will bring the $2.99 million Chiron, the fastest zero-to-60 car in the world, to America.
It’s merely the second car the hyper luxury brand has made and sold since it was resurrected by VW in 1998 after almost 50 years of dormancy. And company brass think ultra rich Americans will be eager to shell out for it: So far, 30 percent of the customer base is in the U.S. But don’t all reach for your pocketbooks at once. Only 500 Chirons will be made, and half of those are spoken for. According to Bugatti, in the year since the car made its debut, more than 100 were bought sight unseen. (Think about that: Almost $3 million for a car you haven’t testdriven or even laid eyes on.)
A few of those buyers even purchased two. When a group of the first to order the car came to a test drive in Portugal, “some said, ‘Oh, wow, I want to have this car for my collection, but now I’ve driven it, I want another one,’ ” says Bugatti spokeswoman Manuela Höhne. The collectors wanted one to keep in their pristine personal showrooms—and another to actually drive.
This story is from the July 24, 2017 - July 30,2017 edition of Bloomberg Businessweek.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bloomberg Businessweek
Bloomberg Businessweek US
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
4 mins
March 13, 2023
Bloomberg Businessweek US
Running in Circles
A subscription running shoe program aims to fight footwear waste
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
10 mins
March 20 - 27, 2023
Bloomberg Businessweek US
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
11 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
12 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
4 mins
March 20 - 27, 2023
Bloomberg Businessweek US
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers
4 mins
March 20 - 27, 2023
Translate
Change font size

