Mercedes-Benz sells a car for a record $142 million

1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe - Autoblog
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German auto maker Mercedes-Benz confirmed on Thursday that it bought a 1955 Mercedes-Benz SLR coupe for a record €135 million, equal of $142 million.

The sale, first reported by Hagerty Insider, occurred on May 5 on the Mercedes-Benz museum in Stuttgart, Germany, throughout an public sale occasion secretly attended by among the world’s richest car collectors.

The successful bid was made by British car collector, advisor and supplier Simon Kidston on behalf of an unnamed shopper.

The sale of the ultra-rare historic car has now set a new all-time record value paid for a car, eclipsing each the $70 million that WeatherTech founder David MacNeil reportedly paid in a non-public sale for a 1963 Ferrari 250 GTO in 2018 and the $48.4 million that a 1962 Ferrari 250 GTO went for at an RM Sotheby’s public sale the identical yr.

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Named after its creator and chief engineer, Rudolf Uhlenhaut, the 67-year-old car is taken into account to be one of many best examples of automotive engineering and design by automotive consultants. It reportedly has a prime velocity of 186 mph.

Mercedes-Benz mentioned in a statement that the cash from the sale will likely be used to ascertain the Mercedes-Benz Fund – a international scholarship fund.

“The 300 SLR Uhlenhaut Coupes are milestones in sports car development and key historical elements that have shaped our brand. The decision to sell one of these two unique sports cars was taken with very sound reasoning – to benefit a good cause. The proceeds from the auction will fund a global scholarship program. With the “Mercedes-Benz Fund” we would like to encourage a new generation to follow in Rudolf Uhlenhaut’s innovative footsteps and develop amazing new technologies, particularly those that support the critical goal of decarbonization and resource preservation,” says Ola Källenius, CEO of Mercedes-Benz Group AG. “At the same time, achieving the highest price ever paid for a vehicle is extraordinary and humbling: A Mercedes-Benz is by far the most valuable car in the world.”

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“As a global company and as a luxury brand we bear a great level of responsibility towards society,” says Renata Jungo Brüngger, Member of the Board of Management of Mercedes-Benz Group AG for Integrity and Legal Affairs, who’s accountable for the governance of the “Mercedes-Benz Fund”. “The proceeds from the sale of the 300 SLR Uhlenhaut Coupe provide us with a unique opportunity to strengthen our commitment with a long-term flagship project: We will establish the global scholarship program “Mercedes-Benz Fund” supporting young people in their studies, commitment and actions towards a more sustainable future. We are convinced that access to education in these areas will be crucial in encountering the great challenges of our time and contribute to greater stability, prosperity and social cohesion.”

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The auto big mentioned that the opposite Uhlenhaut Coupe will stay within the Museum’s assortment.

“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,” mentioned Brian Rabold, vp for automotive intelligence at Hagerty.