After admitting he only drove it twice in four years, the star of The X
Factor and American Idol is selling his 1000-horsepower Veyron through the
Barrett-Jackson auction house.
Mr. Cowell bought the car in 2010 in a Beverly Hills showroom for about $1.2 million after claiming the car 'beckoned him'. He will suffer an inevitable loss on the 2008 model year supercar, with estimates ranging between $800,000 and $1,000,000.
The car will be sold via car auction specialist Barrett-Jackson in Scottsdale, Arizona. According to them, "Mr. Cowell's Veyron is the first certified, pre-owned vehicle in the new program being offered by Bugatti. The vehicle includes a full one-year, extended factory warranty offered directly through Bugatti."
"The Veyron has 1,300 actual miles most of which were personally driven by Simon Cowell himself," they added.