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.”
$1 million gold plated car unveiled in Dubai
The Nissan R3 GT-R is dubbed ‘Godzilla’
Ferrari’s new four-seater now in Dubai
Besides the new GTC4 Lusso, Ferrari will launch a limited...
Review: Lamborghini Huracán LP 610-4
Say hello to your day-to-day Lamborghini. Yes, it is practical...
Dubai Police add Nissan GT-R to its luxury fleet
The latest evolution of a model launched back in 2007, the...
Emirates Classic Car Festival to reveal 300 vintage vehicles
The festival will feature years that go back almost 100...
Gulf Craft says $22m deals secured at Dubai Int'l Boat Show
Yacht manufacturer sees 'considerable market resilience...
“If you can buy a car, you can afford a yacht” says Gulf Craft CEO
Erwin Bamps revealed some yachts are cheaper than a BMW...