Fangio car sold for $29.6 million

Fangio car sold for $29.6 million

A rare Mercedes race car became the most expensive car ever sold at auction when an anonymous bidder bought it for 19.6 million pounds ($29.6 million) at a sale in Britain on Friday.

The 1954 Mercedes-Benz W196 in which five-time Formula 1 world champion driver Juan Manuel Fangio won two Grands Prix, also became the most expensive Mercedes-Benz ever sold, auction house Bonhams said.

"We've just witnessed history in the making," Bonhams Motoring Director James Knight told Reuters from the sale at the Goodwood Festival of Speed in southern England.  The previous auction record was held by a 1957 Ferrari 250 Testa Rossa, which sold for $16.39 million in 2011.

The 2.5-litre straight-8 Mercedes-Benz driven by Fangio already had a storied history.

The driver's 1954 victories in the German and Swiss Grands Prix were the first successive wins by the Mercedes-Benz F1 team in the German racing crew's post-WWII comeback.

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