F1

Mercedes race car sets $29.6m auction record

A 1954 Mercedes-Benz has set a new world record. The rare Mercedes race car was sold to an anonymous bidder for 19.6 million pound ($29.6 million) at an auction in Britain which has made it the most expensive car ever sold in an auction. Previously this record was held by a 1957 model Ferrari 250 Testa Rossa which was sold for $16.39 million in 2011.

Bonhams Motoring Director James Knight said:

“We’ve just witnessed history in the making.”

“I have handled some of the world’s most desirable and important motor cars during a motoring auction career spanning five decades, but I have reached a peak today with this legendary Grand Prix car,” said Robert Brooks, Bonham auctions chairman.

Mercedes race car sets $29.6m auction record

Mercedes race car sets $29.6m auction record

The auction house said the car is in excellent condition and that its parts are believed to be complete and workable after proper preparation.

This car was driven by the five time Formula 1 world champion Juan Manuel who won two Grand Prix with this car. The car competed in five world championship-qualifying Grand Prix races and after Fangio’s Jaun Manuel Fangio’s Swiss Grand Prix win, the awesome Mercedes-Benz was given to the Daimler-Benz Museum.

The 1954 Mercedes-Benz W196 single-seater was driven by the five-time world champion racer when he clinched his second title in 1954. The Argentine drove the car to victories in the 1954 German and Swiss Grand Prix races.

Robert Brooks, chairman of Bonhams auctioneers, which handled the deal, called the car the most important historic Grand Prix racing car ever offered for sale.

The auction house said the steel-colored car is in a “remarkably unspoiled” condition and that its parts are believed to be complete and workable after proper preparation.

It was sold to a private buyer over the telephone at a classic cars auction in southern England’s Goodwood. The price included the buyer’s premium.

A 1965 Ferrari 330GT, first owned by John Lennon, fetched 359,900 pounds ($543,887) at the same auction.

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