Bonhams has confirmed that a bidder paid €260,500 for the remains of a Bugatti that was pulled from the depths of Switzerland’s Lake Maggiore after 73 years.

The price for the 1925 Bugatti Type 22 was even more astonishing given that it had a reserve price of between €70,000 and €90,000.

The final high bidders were divided in their plans for the vehicle, with the European winner planning to display the car in its present condition.

An extremely rare 1970s Swiss supercar prototype is one of the starring attractions at Bonhams’ Retromobile sale in Paris on Jan. 23.

To show the world that Swiss engineering could keep up with the likes of Lamborghini, Maserati and Ferrari, Peter Monteverdi built the Hai 450 in 1970.

Painted in a unique shade of magenta, the Hai 450 SS prototype debuted at the 1970 Geneva Auto Show.

A rare Bugatti that has spent 73 years at the bottom of a Swiss lake is expected to fetch more than €90,000 at auction, the same as a brand new luxury motor.

The 1925 open-top Type 22 is known as the Bugatti Brescia, after the Italian track where the model took the top four places at a race in 1921.

It is now believed that it belonged to Max Schmuklerski, a Swiss-Polish architect who left it in store in a builder’s yard.

A giant bluefin tuna fetched 16.3 million yen ($177,000) in an auction Tuesday at the world’s largest wholesale fish market in Japan.

The bluefin tuna weighs 232 kg – nearly four times as much as the average Japanese man.

It was caught off the northern tip of Japan’s main island of Honshu, in waters famed for high quality fish.

Macau’s Ponte 16 casino will display next year ten pieces of iconic Michael Jackson memorabilia, including the cream leather rhinestone glove he wore for his first Moonwalk performance on television.

Michael Jackson’s glove was sold to Hoffman Ma, deputy chief executive of the casino, at New York’s Julien’s Auctions at a whopping US$350,000.

“We’re a bit surprised that we were able to acquire the glove, as there’s a high demand for it among bidders.”

A bottle of Vieux Cognac dating back to 1788 — the year before the French Revolution — sold at a Paris auction of wine and spirits for $37,000.

Paris’ landmark Tour d’Argent restaurant has cleaned out its cellar, considered one of the best and biggest in the world, putting 18,000 bottles up for auction.

The two-day sale, which ended Tuesday, brought in more than $2.2 million, the Piasa auction house said.