Bonhams reports the sale of the ex Fangio Mercedes W-196R for total of $29.6 Million. Ferrari now does not hold the record for highest price car at auction Anyone here admit to buying it ?????? Ken Goldman
And it's an open wheel car wich almost never do as high. Amazing, but timing is everything. Two years ago things might have been totally different.
8 on the phone and 3 in the room apparently. There's a very good chance MB was one of those. Whoever bought it now has a very special car.
This also means that $ 30 Million less will be available for the great Ferraris to be sold at the upcoming Monterey and Pebble Beach auctions! Marcel Massini
Not if MB bought it. A lot of metal trading both at auctions and privately. Huge 90mmgbp deal reported to be in the works. Two other GTO's on offer and one sold at 52mmusd reported. Ed's NART should be a good one.
'...an overseas private bidder on the phone...' seems to be doing the rounds in the press so far. I suppose there's still scope for MB to be that bidder if they do not wish for their ownership to be public record until its in their museum.
Very True. Why park $ when yields are so LOW? People are really looking for cars. A lot of offers being made at BIG $.
I always thought the factory owned all of these. Guess not. I visited the factory museum in the very early 1960s.While there Fangio was being given a tour and I spent more time watching him than looking at the cars. Like a dope I should have gotten an autograph.Well I was just a kid, but at my age I am glad I still remember. tongascrew
Marcel- money ALWAYS has value, it is always a relative game. Just as these prices are strong now, things can and will change. As one noted collector and expert told me 'before 2020 we will see several up and down cycles'. This may seem like a long ways off from right now but I bet he is right. So enjoy the good times! And see you perhaps in California....
Probably the most famous post war Grand Prix Car driven by possibly the most famous post war Grand Prix driver.In my opinion a very fair price. Let's hope it shows up at events from time to time. I can remember at one of the M Ms I attended and saw close up at a check point one of the 300SLRs. The factory often enters the M.Ms with several famous cars which is great publicity. I remember talking with a group of Italians who were at the Ancona checkpoint and were then heading over to Florence to see the Benzes go thru again the next day. tongascrew