$29.6M Mercedes F1 Race Car most expensive car sold at auction
Unrestored 1954 W196 Formula 1 racer sold to an unnamed collector for a staggering £19.6 million, or about $29.6 million at current exchange rates, according to Bonhams, the auction house that managed the sale.
Juan Manuel Fangio took it to victory in the 1954 German and Swiss Grands Prix.
This car was rediscovered after being 'lost' for decades.
The details are a little hazy, but the car was apparently owned by a mysterious European who kept it locked away in a warehouse for almost 20 years.
http://editorial.autos.msn.com/blogs/autosblog.aspx?feat=6d1104f6-03f2-4d48-a8d6-f61544a835f7
Unrestored 1954 W196 Formula 1 racer sold to an unnamed collector for a staggering £19.6 million, or about $29.6 million at current exchange rates, according to Bonhams, the auction house that managed the sale.
Juan Manuel Fangio took it to victory in the 1954 German and Swiss Grands Prix.
This car was rediscovered after being 'lost' for decades.
The details are a little hazy, but the car was apparently owned by a mysterious European who kept it locked away in a warehouse for almost 20 years.
http://editorial.autos.msn.com/blogs/autosblog.aspx?feat=6d1104f6-03f2-4d48-a8d6-f61544a835f7
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