Vintage Mercedes fetches record €135m at auction

20/5/2022 6:14:00 PM

Vintage Mercedes fetches record €135m at auction

Vintage, Mercedes

Vintage Mercedes fetches record €135m at auction

LONDON, May 20 — A 1955 Mercedes -Benz, one of only two of its kind, was auctioned off earlier this month for a whopping €135 million (RM627 million), making it the most...

Friday, 20 May 2022 1:09 PM MYTLONDON, May 20 — A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping €135 million (RM627 million), making it the most expensive car ever sold, RM Sotheby’s announced Thursday.

The Mercedes-Benz 300 SLR Uhlenhaut was sold to a private collector, the classic car auction company said in a statement, fetching almost triple the previous record price for a car, which was set in 2018 by a 1962 Ferrari 250 GTO that went for over US$48 million (RM211 million).

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US$142 million Mercedes-Benz smashes Ferrari's classic car recordNEW YORK (May 20): Mercedes -Benz AG just knocked Gruppo Ferrari SpA off the blue-chip car collector throne.A 1955 Mercedes -Benz 300 SLR Uhlenhaut Coupé sold for €135 million (US$142 million) in a secret auction in Germany on May 5, Mercedes -Benz chairman Ola Källenius has confirmed. While higher-priced deals may have taken place privately, the sale by the car company crushed the previous public record of US$48.4 million paid in 2018 for a 1962 Ferrari 250 GTO at an RM Sotheby's

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Friday, 20 May 2022 1:09 PM MYT LONDON, May 20 — A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping €135 million (RM627 million), making it the most expensive car ever sold, RM Sotheby’s announced Thursday. The Mercedes-Benz 300 SLR Uhlenhaut was sold to a private collector, the classic car auction company said in a statement, fetching almost triple the previous record price for a car, which was set in 2018 by a 1962 Ferrari 250 GTO that went for over US$48 million (RM211 million). While higher-priced deals may have taken place privately, the sale by the car company crushed the previous public record of US$48. The invitation-only auction took place on May 5 at the MercedesBenz Museum in Stuttgart, Germany, the auction house said, adding that the vehicle’s high price places it in the “top 10 most valuable items ever sold at auction in any collecting category”. According to an AFP ranking of artworks sold at auction in recent years, the 300 SLR ranks sixth or seventh, with the all-time record being held by Leonardo da Vinci’s “Salvator Mundi”, which sold in November 2017 for US$450. "We [wanted], with one single act, to demonstrate the power of the Mercedes brand," Källenius said during an interview on May 18 near Monte Carlo.3 million.

Next is “Shot Sage Blue Marilyn” by Andy Warhol, which also sold this month for US$195 million. "That car is 100% worth what it sold for — and some people would tell you even that number was low," said Stephen Serio, an automotive broker who sources rare cars for ultra high-net-worth clients. The car is one of just two prototypes built by the Mercedes-Benz racing department and is named after its creator and chief engineer, Rudolf Uhlenhaut, according to RM Sotheby’s. “The private buyer has agreed that the 300 SLR Uhlenhaut Coupe will remain accessible for public display on special occasions, while the second original 300 SLR Coupe remains in company ownership and will continue to be displayed at the Mercedes-Benz Museum in Stuttgart,” the auction company added." Källenius declines to name the winner of the auction, which included roughly a dozen invited bidders at Mercedes' museum and archive in Stuttgart, Germany. According to RM Sotheby’s and press reports, the 300 SLR, recognisable by its unusual lines and butterfly doors, was modelled on the W196 R Grand Prix race car, which won two Formula 1 world championships in 1954 and 1955 with Italian Juan Manuel Fangio in the driver’s seat. But in June 1955, tragedy struck the Mercedes-Benz team, when at the 24 Hours of Le Mans race, a crash of one of its 300 SLR vehicles killed French driver Pierre Levegh and 83 spectators. But he said he was very pleased with the result, a sum that put the brand"on a different planet" from competitor Ferrari.

That tragedy — the deadliest in the history of motor racing — forced the company to withdraw from the sport for years. RM Sotheby’s said the proceeds from the auction will be used to establish a worldwide Mercedes-Benz Fund that will fund environmental science and decarbonisation research. A descendant of the so-called Silver Arrow cars that dominated car racing in the 1930s, the front-engined 300 SLR was closely based on the eight-cylinder Mercedes-Benz W196 Formula One car driven by Argentine star Juan Manuel Fangio to win world championships in 1954 and 1955. — AFP Advertisement .