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1954 Mercedes-Benz sold for $29.6 million at auction

July 19, 2013 7:35 pm Published by

Breaking news… This weekend at the infamous Goodwood Festival of Speed a Mercedes grand prix race car historically driven to victory by racing legend Juan Manuel Fangio was sold at auction for a world record $29.6million.

The car is completely unrestored after spending decades in a warehouse, and the motor has been referred to as a historical piece of ‘car jewellery’ with its ‘patina’ – character – appealing to collectors. The years of neglect have only added to its charm and therefore value which is reflected in its mammoth price tag!

Juan Manuel Fangio raced the Mercedes-Benz W196 during 1954 season. Fangio, who died in 1995 aged 84, won the world championship five times and is regarded as one of the greatest drivers in the history of motorsport.

The sale total smashed the previous record of $16.4million for a 1957 Ferrari by almost $13million.

Now we aren’t sure who made this historical transaction- apparently a mystery phone bidder from Europe- but the point is that his wallet will be significantly lighter. But one thing is for sure, if they had used our service to change their Euros to Dollars they would have saved over £500,000. Oh well… maybe next year!

 

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This post was written by Kayleigh Driscoll

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