logologologologo
  • Home
  • Business
  • Markets
  • Exchange
  • Investment
  • Personal Finance

This is the most valuable car in the world

A unicorn in the collector car world just went under the hammer, and sold for a record-breaking, astounding amount.

Mercedes-Benz Group (MBG.DE) announced it’s sold a 1955 Mercedes-Benz 300 SLR “Uhlenhaut Coupé” from its collection for $143 million (135 million euros) in a private auction. The previous record for a car sold at auction was $70 million, for a 1962 Ferrari (RACE) 250 GTO in 2018.

Known as the “Mona Lisa” of cars, the Mercedes sports car was designed for the road by Daimler-Benz motorsport chief Rudolf Uhlenhaut and based on the W196 Grand Prix single seater race car. Only 2 of the SLR Coupés were ever built, and none were meant to be sold by Mercedes.

Collector-car expert Simon Kidston claims to have lobbied Mercedes to sell one of the models at a private auction, which Mercedes agreed to do with all proceeds going to the Mercedes-Benz Fund, a global scholarship program set up by the automaker. Kidston put in the winning bid of $143 million for a private client.

“If you had asked classic car experts and top collectors over the past half a century to name the most desirable car in the world, there’s a good chance that they would have come up with the same model: the Mercedes-Benz 300 SLR,” Kidston said in a statement. “It’s a combination of exotic engineering, all-conquering racing history, the power of the three-pointed star on its nose and the fact that one had never, ever been sold.”

“The decision to sell one of these two unique sports cars was taken with very sound reasoning – to benefit a good cause,” Mercedes Chairman Ola Källenius said. “At the same time, achieving the highest price ever paid for a vehicle is extraordinary and humbling: A Mercedes-Benz is by far the most valuable car in the world.”

Indeed, with the 300 SLR now the record holder for most expensive car bought at auction, the new top five rounds out with all Ferraris — the aforementioned 1962 250 GTO, followed by another 1962 Ferrari 250 GTO by Scaglietti ($48.4 million), yet another 1962 Ferrari 250 GTO Berlinetta ($38.1 million), and a 1957 Ferrari 335 Sport Scaglietti ($35.7 million).

Though collectors highly covet Ferrari race cars like the 250 GTOs, it is not surprising how much the 300 SLR went for given it’s unique heritage and extremely limited quantity.

“The once-in-a-lifetime opportunity to acquire this piece of Mercedes-Benz history cannot be overlooked. Its stunning shape, innovative period features, and fearsome performance will be enough for most to appreciate this car as an all-time legend of automotive design—and its incredible history only adds to its appeal,” auction house RM Sotheby’s said in the auction listing for the car. “No other 300 SLR exists in private hands and the chance to acquire such a car, direct from years of company ownership, will surely never be repeated.”

With this summer’s big auctions lined up around the Pebble Beach Concours d’ Elegance this year in August, classic car collectors and industry watchers will be anxious to see if more Mercedes models get bid up versus their Ferrari rivals given the 300 SLR’s record-breaking bid. Auction houses RM Sotheby’s, Gooding & Co., and Bonhams all are featuring rare Mercedes-Benz models for sale, with likely many more added to their Monterey Car Week auction catalogs in the weeks ahead.

Related posts

March 29, 2023

Memory chipmaker Micron expects revenue drop, expects AI to boost sales in 2025


Read more

Categories

  • Business
  • Car
  • Content
  • Crypto
  • Economy
  • Exchange
  • Inflation
  • Investment
  • Markets
  • Personal Finance
  • Technology
  • Uncategorized

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021

Recent Posts

  • Memory chipmaker Micron expects revenue drop, expects AI to boost sales in 2025
  • Apple launches ‘Apple Pay Later’ buy-now, pay-later program
  • US regulator goes after Binance in newest crypto clash
  • A bank crisis brings an old favorite back for traders: Morning Brief
  • SVB hearing, consumer confidence, quarter end: What to know this week

About Us

The Alpha Cut a Vida Street LLC Company
1404 N. Ronald Reagan Blvd.
Suite 1120
Longwood, FL 32750

Link

(843) 256-4375
https://thealphacut.com

Why Us

Terms & Privacy
Policy & Procedure
Disclaimer

This material is not an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only.
Any performance results discussed herein represent past performance, not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, investment performance may be adjusted after the publication of this report. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, equal any corresponding indicated historical performance levels or be suitable for your portfolio.
All data in this communication is provided for informational purposes only and is not intended for trading or investing purposes. We expressly disclaim the accuracy, adequacy, or completeness of any data and content provided by financial exchanges, individual issuers, their respective affiliates and business partners and shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining our prior written consent.
We make no express or implied warranties or representations and shall have no liability whatsoever with respect to any data contained herein. The data may not be further redistributed or used to create indices or other financial products. This report and the views expressed herein are subject to change at any time based upon market or other conditions (such as domestic and global economic trends) and are current as of the date of publication hereof. The information, analysis, and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual or entity.
We emphasize that Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies, and can result in significant capital losses that may have a detrimental effect on the value of your investments.
Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.
Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.
Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth.As with any structuring of a portfolio of investments, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
The information, analysis and opinions expressed herein are for general, impersonal information only and are not intended to provide specific advice or recommendations for any individual entity.

copyright © Alpha Cut 2021. All Right Reserved
The Alpha Cut a Vida Street LLC Company