SIMON COWELL OPTS TO SELL £1 MILLION BUGATTI AFTER DRIVING IT ONLY TWICE IN FOUR YEARS

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He only bought it because a friend told him to, so it comes as no surprise to learn that Simon Cowell has opted to sell his black Bugatti sports-car.

The TV and music mogul bought the luxury vehicle for £1 million in 2010 after it ‘beckoned him’ from its vantage point in a Beverly Hills showroom.

Reaching speeds of 260 miles an hour and with an excess of 1000 horsepower, the Bugatti Veyron is custom made for speed lovers – but has barely left Cowell’s garage during his four-year ownership, with the 54-year-old climbing behind the wheel on two separate occasions around the winding canyon roads that surround Los Angeles.

Now that's how you make an entrance: Simon Cowell arrives at The Peninsula Hotel in Beverly Hills in November- the last time he was seen in his black Bugatti Veyron
Now that’s how you make an entrance: Simon Cowell arrives at The Peninsula Hotel in Beverly Hills in November- the last time he was seen in his black Bugatti Veyron

Luxurious: The car cost Cowell a reported £1 million in 2010 after  it 'stared' at him from the window of a Beverly Hills showroom
Luxurious: The car cost Cowell a reported £1 million in 2010 after it ‘stared’ at him from the window of a Beverly Hills showroom

The car will be sold via car auction specialist Barrett Jackson in Scottsdale, Arizona – but Cowell will be forced to suffer an inevitable loss on the car her lavished so much money on, with estimates ranging between £600,000 and £800,000.

Cowell – currently holidaying with pregnant lover Lauren Silverman in the Caribbean – was last spotted driving the Bugatti last November, when it purred to a stop outside the Peninsula Hotel in downtown Beverly Hills.

Speaking to Ellen DeGeneres during an appearance on her popular chat show, the X Factor judge admitted he spent heavily on the car after phoning a friend for advice, saying: ‘So, the following day I walked in and bought it.’

Rare outing: Cowell told Ellen DeGeneres that he drove the car only twice after purchasing it in 2010
Rare outing: Cowell told Ellen DeGeneres that he drove the car only twice after purchasing it in 2010
Powerful: Reaching speeds of 250 miles an hour and with an excess of 1000 horsepower, the Bugatti Veyron is custom made for speed lovers
Powerful: Reaching speeds of 250 miles an hour and with an excess of 1000 horsepower, the Bugatti Veyron is custom made for speed lovers

For sale: Cowell's Bugatti will be sold via car auction specialist Barrett Jackson
For sale: Cowell’s Bugatti will be sold via car auction specialist Barrett Jackson

Host Ellen feigned surprise when Cowell joked that he pushed the car to its limit while driving in LA, adding: ‘I hit 250 on Sunset… I’m lying. Police if you’re watching…’

Later, when the genial host asked how many times he had taken his fancy car for a spin he said, ‘Twice.’

Never one to hold back when something takes his fancy, Cowell has boasted about other impulse purchases in the past.

In a 2011 interview with Top Gear he waxed lyrical about his £300,000 Rolls Royce, saying: ‘It’s the most beautiful, most comfortable, best-engineered car ever built. I can hardly bring myself to say it but it’s – oh, sod it! – perfect.’

‘When I drove the car I felt so good, I knew I had to have one. So, I spent £300,000 on one for my house here in LA.’

The mogul will welcome his first child with New York based socialite Ms. Silverman in February.

Don't mind me: Cowell makes a rare exit from the luxury car, now for sale through car auction specialist Barrett Jackson
Don’t mind me: Cowell makes a rare exit from the luxury car, now for sale through car auction specialist Barrett Jackson

Profit and loss: Cowell is said to be selling his £1 million Bugatti Veyron, with estimates ranging from £600,000 to £800,000
Profit and loss: Cowell is said to be selling his £1 million Bugatti Veyron, with estimates ranging from £600,000 to £800,000SOURCE :dailymail.co.uk

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