Qatar's emir to sell vintage F1 racing car

  • Share via facebook
  • Tweet this
  • Bookmark and Share

A Mercedes-Benz Formula 1 sports car driven to two Grand Prix victories is to be sold at auction by its owner, the Emir of Qatar, and could fetch up to $15m.

According to Bloomberg, the silver Mercedes W196 is to be auctioned by Bonhams in July and deals with knowledge of the matter predict it will make £5m to £10m. Bonhams has yet to conduct a formal evaluation of the car.

The dealers have identified the vehicle’s seller the Qatari ruler, Sheikh Hamad bin Khalifa Al Thani, who is said to have acquired it from German industrialist Friedhelm Loh eight years ago.

The W196 was driven to victory by Argentinian-born Juan Manuel Fangio in the 1954 German and Swiss Grand Prix.

“This is a fabulous car,” the Geneva-based adviser Simon Kidston told Bloomberg. “I’ve been contacted by various serious collectors who barely know what it is. The collecting world will be watching.”

Mercedes-Benz is said to have made 15 examples of the W196 for the 1954 and 1955 Grand Prix seasons, a number of which have been retained by the car maker.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Christopher Gardner

The article shows the wrong Mercedes car !

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Time is money: How to invest in luxury watches

Time is money: How to invest in luxury watches

Arabian Business reveals the three pillars of choosing a vintage...

6
Inside a royal super yacht

Inside a royal super yacht

Arabian Business takes a peek inside a multi-million-dollar yacht...

Luxury travel in the Middle East

Luxury travel in the Middle East

The Travel Attaché is a luxury lifestyle brand making waves in...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams