A 1954 Mercedes-Benz Formula 1 race car sold at Bonham’s auction house yesterday set a world record for the most expensive car ever sold at auction. A private collector paid $29.6 Million at the Goodwood Festival of Speed.
Juan Manuel Fangio took this particular car to victory in the 1954 German and Swiss Grands Prix races. It’s one of only 9 surviving race cars.
The $29.6 Million price tag is not the largest price ever paid for a car, that honor goes to a 1957 Ferrari Testa Rossa that was sold at a private sale last year for $35 Million. It is the most that someone has paid at an auction though.