Bijan's Famous Bugatti Car -- VANDALIZED!

7/20/2011 5:00 PM PDT

Bijan's Famous Bugatti Car -- VANDALIZED!

One of the most famous landmarks in Beverly Hills -- the $1.7 million Bugatti owned by the late clothing mogul Bijan -- was vandalized.

The car is famously parked on Rodeo Drive, in front of the Bijan boutique -- the most expensive store in the world.

It's incredible that someone had the balls to smash the passenger side window of a car that everyone on the street either eyes or photographs -- right in the middle of the afternoon.

Cops immediately arrested the alleged vandal -- a local transient.

The TMZ Tour Bus actually pulled up just as Beverly Hills cops arrived on the scene.