$30MM for Fangio's Mercedes racecar ~ Bonha,'s

12 Jul 2013

Fangio's Mercedes becomes most valuable car ever sold by auction (£19,601,500, US$29,650,095, €22,701,864) at Bonhams Goodwood Sale

The 1954 Mercedes-Benz W196R Formula 1 Single-Seater breaks the following auction world records:
• Most valuable motor car ever sold at auction
• Most valuable Formula 1 racing car ever sold
• Most valuable Mercedes-Benz

Automotive history was made at the Bonhams Goodwood Festival of Speed Sale today, when the car that took five-time champion Juan Manuel Fangio to the second of his Formula 1 world titles achieved a record-breaking figure of £19,601,500 (US$29,650,095, €22,701,864).

The car becomes the most valuable motor vehicle ever sold at auction, beating the previous record of £10,086,400 set by a Ferrari in 2011.

Robert Brooks, Bonhams Chairman, said: "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. It was a personal privilege to preside over the sale of this vehicle, which is not only one of the most significant motor cars of the 20th century, but also the most important historic Grand Prix racing car ever offered for sale."

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