Legacy Metrics

1927 Bugatti Type 40 Roadster

40532roadFrance
Engine
1.6L SOHC inline-four, 46 bhp

A 1927 Bugatti Type 40 roadster, chassis 40532, with an unusual factory history suggesting it was earmarked as a prize for a top finisher at the inaugural Bugatti Grand Prix at Le Mans in 1928. Registered in Alsace through the 1930s and 1940s, the car received a coachwork transformation around 1964 in Italy, gaining a boat-tail roadster body with polished wood and cut-down racing doors. It subsequently passed into the renowned collection of Count Corrado Agusta and descended within the Agusta family.

Ownership

  1. Auction sale
    Sold €168,000 (≈ $185K)

    RM Sotheby's catalogue lot →

  2. 1935-11-04 →Acquisition unknown
    E. Horning
    partial documentation

    Registered in Bas-Rhin department to this Strasbourg resident; the same car had received a prior registration in Haut-Rhin earlier the same year under an unidentified holder.

  3. 1947 → 1952Acquisition unknown
    Unknown owner in Haut-Rhin
    none documentation

    Post-war re-registration in Haut-Rhin to an unnamed individual; ownership transferred within roughly five years.

  4. 1952-01-04 →Private sale
    R. Pannetier
    partial documentation

    Acquired and registered in Colmar under a new plate; subsequent ownership chain is not documented until the Italian period.

  5. 1973 →Acquisition unknown
    Bruno Smaniotto
    partial documentation

    Schio-based Italian owner recorded as holding the car in 1973 following the circa-1964 roadster conversion.

  6. Date unknownFactory delivery
    Jamac Schurch
    partial documentation

    Factory records initially listed this person as the intended recipient, but the name was crossed out before delivery; the car was never actually sold to them.

  7. Date unknownFactory delivery
    Third-prize winner at the inaugural Bugatti Grand Prix
    partial documentation

    Factory records were amended to indicate the car as a prize gift to this driver, though no delivery date was ever recorded and the car appears not to have been formally sold.

  8. Date unknownAcquisition unknown
    Count Corrado Agusta
    partial documentation

    Prominent Italian motoring figure who added the car to his notable collection after Smaniotto's tenure.

  9. Date unknownInheritance
    Count Riccardo Agusta
    partial documentation

    Inherited the car from his father, Count Corrado Agusta, and is the consignor for the present sale.

Competition

  1. 1928
    Bugatti Grand Prix at Le Mans
    3rd

    Factory records suggest the car was designated as a third-place prize for a driver at this inaugural event, though the recipient's identity is not recorded.

Maintenance & restoration

  1. 1964Restoration
    Manzardo & Zanette

    The car was comprehensively reworked by the Italian workshop Manzardo & Zanette, with the body reshaped into a boat-tail roadster featuring a polished wooden deck surface and cut-down racing-style doors. The paint and upholstery applied at this time remain on the car.

    This represents the car's current appearance; original bodywork form prior to this restoration is not described in the prose.

Are you the owner of this car?

This car's public record is built from its auction and competition history. Register your ownership and privately add your own records to make it a verified Legacy Metrics passport — provenance that backs your car's value at sale and gives your insurer evidence to price against. Roy reviews and verifies every registration personally.

Each chassis record is compiled from public auction archives and links to its source material. Ownership, competition and maintenance entries are extracted from those catalogue listings by an LLM, which can make mistakes — please contact us with any corrections. The summary is Legacy Metrics’ own writing; we do not reproduce catalogue text.

“Full” and “partial” documentation labels indicate how well each entry is corroborated in the underlying sources, not an audit of the car’s physical paperwork. Names of recent or living owners are withheld for privacy.