TIMES.KY

Cayman Islands, Caribbeanand International News
Monday, Jul 22, 2024

0:00
0:00

Recession, inflation… Mercedes just sold the world's most expensive car for $142 million

Mercedes-Benz confirmed on Thursday that it recently sold the world's most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker's collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have been sold, according to Hagerty, a company that tracks collector car values.
Money from the sale will be used to establish the Mercedes-Benz Fund, a global scholarship fund, Mercedes said in an announcement.

The previous record sale price for a car was reportedly $70 million paid in 2018 for a 1963 Ferrari 250 GTO.

The Mercedes that was sold was one of only two 300 SLR Uhlenhaut Coupe prototypes. The 67-year-old cars were named for Mercedes' chief engineer at the time, Rudolf Uhlenhaut, and are claimed to have a top speed of 186 mph It was sold at a closed invitation-only auction at the Mercedes-Benz Museum in Stuttgart on May 5. The auction was held in cooperation with auto auction company RM Sotheby's.

The other Uhlenhaut Coupe will remain in the Museum's collection, according to a Mercedes-Benz statement.

"Their racing cars from the 1930s and 1950s are rare, and most are still owned by the factory, so any that come to market are highly sought after," said Brian Rabold, vice president for automotive intelligence at Hagerty.

Mercedes' "Gullwing" SLRs - so-called because of the doors that rise up like curved wings - are considered to be among the world's most desirable cars. And various rare and racing versions are especially valuable.

The SLR Uhlenhaut Coupe was, essentially, a hard-top version of Mercedes' famous open-topped SLR racing car, powered by a 300 horsepower eight-cylinder engine. The thinking was that a closed car would better protect drivers from wind and weather at high speeds, while the closed roof would also improve aerodynamics.

Shortly after the development of these cars, Mercedes stopped its involvement in motorsports, so the cars were never used in competition.

While the identity of the car's new owners remains unknown, British classic car dealer Simon Kidston claimed in a press release to have placed the winning bid on behalf of a customer.
Newsletter

Related Articles

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×