Crash.Net F1 News
Fangio Mercedes sells for record price
12 July 2013
An ex-Juan Manuel Fangio F1 car has sold for a record price in an auction during the Goodwood Festival of Speed.
The 1954 Mercedes W196 – similar to the one pictured - was used by the F1 legend to win both the German and Swiss Grands Prix en-route to the second of his five championship titles and came up for sale having been discovered earlier this year in a warehouse.
The car had previously been part of the Daimler-Benz Museum in Germany and had been in the National Motor Museum at Bealieu before going into private ownership.
The hammer eventually fell in the auction at £17.5 million, over three-times the initial estimate, and eclipsed the previous record for a 1957 Ferrari 250 Testa Rossa, which sold for £10.8 million two years ago.
“In every area of the car, there is evidence of just the most fantastic workmanship,” historian Doug Nye told the BBC
. “It was designed by very sophisticated, high-tech engineers. It's handcrafted and it's just like a piece of mechanical jewellery.
"I always say it's sad that these things have to be sold but on the other hand, as an enthusiast, it's just a privilege to have such an iconic and historic piece.
"I have been one of the stewards looking after the car for several months, and it will be quite a wrench to see it go."
Amongst other cars in the auction, an ex-John Lennon Ferrari 330GT went for £320,000 while an ex-works Mille Miglia and Le Mans 24 Hours Austin Healey 100 sold for £700,000.