“They’re obviously the ultra high net worth Asians. China has a strong market for Bugatti and we are slowly starting to see interest from Thailand, Indonesia, Singapore and Malaysia. Let’s put it this way, almost every one of our Bugatti customers has a home everywhere, ”says Kwan.
“Many of our customers buy a Bugatti as an investment, collector’s item or to pass on to generations. Many are limited editions and there is a market for such exotic luxury cars, ”he added.
And this is where Wearnes’ Bonded Gallery comes in.
A wet collectors dream, this supercar warehouse is located on the eighth floor of a 200,000 square meter tower behind the dealer’s showrooms on Leng Kee Road.
The building, built in 2019 for $ 30 million, is the place where owners of rare supercars, classic cars and left-hand drive cars can make their valuable investments – duty unpaid and therefore not be driven on the streets of Singapore – in a climatic and humidity-controlled environment To protect the wood, leather and metal of automobiles.
It is reportedly the first and only such facility in the country and a necessary idea as the authorities are most likely not allowing owners of such vehicles to park their own cars in, for example, their living rooms or even a private garage.
Spotted on our last visit to the Bonded Gallery: a couple of Ferraris, a number of Porsches and an enviable collection of vintage Bentleys, Rolls-Royces and Jaguars. And of course a series of five Bugattis in total, including a € 5 million Bugatti Divo under the crème de la crème.
