The Mercedes-Benz W196 Silver Arrow Sells For Record Amount

On March 21, 2013 I posted about the upcoming sale of the Mercedes-Benz W-196 race car that had been driven to victory by Juan Manuel Fangio in the German and Swiss Grand Prix races in 1954.  This is the only post-war Mercedes-Benz “Silver Arrow” race car that was in private ownership.  The car is discussed in some detail in that March 21, 2013 post.  At that time, I thought that it would take $20US million to buy that car.  Boy, was I wrong!

The auction took place on July 12, 2013 at the “Goodwood Festival of Speed Sale” conducted by British auction house Bonhams.  The final selling price was 17.5 Million GBP – a record price for a car sold at auction. The vehicle was sold to an unidentified telephone bidder who effectively pays 20,896,800 GBP (about 31.6 million US$) with the buyer’s fees or a little more than 50% higher than I thought the selling price would be.

I hope that this car does not completely disappear, but the buyer has the right to do whatever he or she wants to do with it.  The large price shows that the market for truly significant and rare cars appears to be strong.

If you want to see more details about that car, then check out my March 21, 2013 post.

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