Another Boty review: Yamaha MT-07

Wheels24's biking guru DRIES VAN DER WALT takes time out to review yet another entrant in the 2014 South African Bike of the Year competition - this time Yamaha's MT-07

Smart new move to boost Merc minis

Mercedes-Benz has given its compact Smart ForTwo and ForFour a revamp: More space, more colour, more equipment! It's headed for South Africa - find out when...

Fangio Merc sets R295m record

2013-07-13 14:01

RECORD PRICE FOR FANGIO'S MERC: A 1954 Mercedes-Benz W196 driven by five-times Formula 1 champion Juan Manuel Fangio has been auctioned for a world record price. image: Bonhams

Author: Constance Watson

 

LONDON, England - A rare Mercedes race car became the most expensive car yet sold at auction when an anonymous bidder bought it for the equivalent of about R295-million.

The 1954 Mercedes-Benz W196 in which five-times Formula 1 champion Juan Manuel Fangio won two grands prix also became the most expensive Mercedes-Benz yet sold, auction house Bonhams said.

Bonhams motoring director James Knight told Reuters from the sale at the Goodwood Festival of Speed in southern England: "We've just witnessed history in the making."

CONSECUTIVE WINS

The previous auction record was held by a 1957 Ferrari 250 Testa Rossa sold for the equivalent of about R197-million in 2011.

The Fangio 2.5-litre straight-eight already had a storied history... the driver's 1954 victories in the German and Swiss GP's were the first consecutive wins by the Mercedes-Benz F1 team in the German racing crew's post-Second World War comeback.

The car competed in five World championship-qualifying GP races. After Fangio's 1954 Swiss win the W196R was retired to the Daimler-Benz Museum.

John Lennon's first car - a 1965 Ferrari GT coupe - was also sold but for the equivalent of about R5.6-million at the same auction.

The late Beatle bought the blue Ferrari after he passed his driving test in 1965. He sold it three years later.

It had a top pre-sale estimate of R3.4-million.


NEXT ON WHEELS24X

Read Wheels24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
6 comments
Add your comment
Comment 0 characters remaining

Inside Wheels24

Next Cayenne: All-wheel drive sportscar

Porsche has unveiled the third generation of its Cayenne in the UK and the South African introduction has been confirmed for the last quarter of 2014.

There are new stories on the homepage. Click here to see them.