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Classic Velocity Blog

The price of History

Classic Velocity

The 1954 Mercedes W196 driven to the Formula 1 championship by Juan Manuel Fangio sold at auction for a record $29.6 Million (see Hemmings Story). This obliterated the former record for a car at auction by more than $13 Million. The auction premium alone (assuming 10%) is about the same as the median home price in the USA ! The good news is that this bodes well for unrestored drivers ;-)

Once you get past the money though, I can only hope that this car will continue to be seen and even used (gasp!). Whoever is insuring this machine will probably be pressuring the owner not to do either..... 

fangio-mercedes.jpg