The ruler of Qatar has sold a vintage Mercedes-Benz that was driven to two Grand Prix victories at auction for $30m.
The silver W196, in which Juan Manuel Fangio won the 1954 French Grand Prix, was acquired by the Qatari emir from German industrialist Freidhelm Loh eight years ago.
Part of Bonham’s 20th anniversary ‘Festival of Speed’ in London, the 180 mph racer did not carry a formal valuation at auction, but was expected to surpass a previous record of $16.4m that was handed over for a 1957 Ferrari Testa Rossa two years ago.
The buyer of the 2.5 litre W196 was an overseas bidder via telephone, who beat six other bidders, Bloomberg reported.
“You’re in a club of one with this car,” Dave Kinney, publisher of the Hagerty Price Guide, told Bloomberg prior to the auction. “You can’t race it with your fellow Ferrari GTO owners. It is a very significant piece of Grand Prix history. While its future use-potential is slight, it exudes the history of perhaps the greatest era in racing.”
Revealed: Dubizzle's most-listed luxury car brand
$3.8 billion worth of cars for sale on UAE's biggest classified...
Lamborghini sees worldwide sales doubling by 2019 after SUV launch
New SUV will go on sale in 2018 starting at around $200...
Rolls-Royce reveals bespoke Dawn and Wraith cars
A look at two-tone silver exteriors and emerald embellished...
Living large with the new BMW 7-series
The new 7-series continues the fine line between sport and...
Every superyacht needs a water limo like this
No superyacht is complete without its very own luxury super...
McLaren Automotive sees MidEast, Africa H1 sales jump by 70%
Bahrain-backed manufacturer of luxury handcrafted sports...
Review: Lincoln MKX 2016
A controlled but extremely relaxed ride