Juan Manuel Fangio’s 1954 F1 car has become the most expensive car ever sold at auction, fetching £19,601,500 at the Bonhams Goodwood sale last week. The Mercedes Benz W196R took Fangio to two of his five F1 world championships.
Powered by a 2.5-litre straight eight that helped keep the car’s centre of gravity low, the W196R was way ahead of its time with features including fuel-injection, all-round independent suspension, a lightweight spaceframe chassis and inboard mounted brakes.
The Bonhams Chairman Robert Brooks said: “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.” This price eclipses the previous record set by a 1957 Ferrari 250 Testa Rossa in 2011, which sold for £10,086,400.
The Mercedes actually broke three world records: Most valuable Mercedes Benz, most valuable F1 racing car ever sold and most valuable motor car ever sold at auction.