Most Expensive Car in the World Costs $31 million.
Fangio's 1954 Mercedes W196 F1 Silver Arrow sold for US$31 million
That's an extraordinary amount of money. After 100 years of automotive investing, the highest price ever achieved at auction doubled.
Only fourteen W196R machines ever existed. Ten still exist, three are in museums and six inside Mercedes-Benz. That leaves the recently auctioned Silver Arrow W196R chassis 006/54. It is the ONLY post-war Mercedes-Benz Silver Arrow in private hands.
The Silver Arrow was driven by the most respected driver of all-time, Juan Manuel Fangio, to famous back-to-back victories that sealed his 1954 Formula One driver's title. More on Fangio later in the article.
Most of all, it is aptly described by the Bonhams catalogue as "supreme mechanical artistry."
The W196R was the first first fuel-injected F1 car. Mercedes Benz closely collaborated with German company Bosch to deliver this innovation which quickly became a standard feature on every F1 car.
Source: gizmag
It is fascinating to note that the price of this most expensive car is similar to that of Stuart Hughes HD television, with gold, diamonds and alligator skin. To each his own I guess. Some go for luxury gadgets, some for luxury sports cars and some prefer to invest in luxury condos. Cheers!
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