Fangio-driven Mercedes F1 car auctioned for record $29M at Goodwood

The Bonhams auction at the Goodwood Festival of Speed is known for hosting some iconic race cars in its history. The race car in the picture above adds to that list, and how. This Mercedes W196R was driven by legendary F1 driver, Juan Manuel Fangio, to wins in the 1954 German and Swiss Grand Prix races. When the hammer fell at the auction yesterday, it was sold for $29.65 million, making it the most expensive car ever sold at an auction. With that sale, It also earned the honour of being the most expensive F1 car ever sold and the most valuable Mercedes Benz in the world.

Fangio’s wins gave Mercedes its first back-to-back post-war Grand Prix victories, and it introduced F1 cars to fuel-injection, tubular spaceframe chassis and inline eight-cylinder engines.

The most important historic Grand Prix racing car ever offered for sale.

– Robert Brooks, Bonhams Chairman

The Mercedes W196R came close to the record price for a car sold privately, with the current holder being a 1962 Ferraro GTO built for Sterling Moss that went for a reported $35 million in a private sale last year.