Equipment
RHD. 3-valve 1,496cc/45hp 4-cylinder, silver painted wire wheels, 4-wheel brakes, Otolynx headlights, single right side spare, cycle fenders.
Condition
Rebodied in the UK during a an old restoration. Dull old repaint with scrapes and chips. Worn, scraped older paint on the frame and chassis, with a little surface rust starting to show. Good newer upholstery. Weak chrome and nickel. Oily, grimy chassis and engine compartment. Aged but readable gauges. Probably works for (short) tours, but not much else and nowhere near a Preservation car.
Market commentary
Neither Preservation nor well maintained/restored, this Bugatti occupies a middle place in collectors' value continuum. The 3-valve engine provides 2 intake valves and one exhaust, an intriguing solution to the challenges of enhancing performance with minimal complication. This Type 40 has an intriguing history being sold first to Jerome Wagner who along with Baron Vizcaya was instrumental is setting up Bugatti's Molsheim factory. The seller should be eminently satisfied with this price.