Rare Mercedes beats out Ferrari in record auction bid
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Rare Mercedes beats out Ferrari in record auction bid
Rare Mercedes beats out Ferrari in record auction bid
Yahoo Finance's Pras Subramanian details the record price a rare Mercedes was just auctioned for, in addition to the outlook of luxury car manufacturers and car collectors.
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Rare Mercedes beats out Ferrari in record auction bid
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Rare Mercedes beats out Ferrari in record auction bid
Yahoo Finance's Pras Subramanian details the record price a rare Mercedes was just auctioned for, in addition to the outlook of luxury car manufacturers and car collectors.
Video Transcript
[MUSIC PLAYING]
SEANA SMITH: Most expensive car ever sold on record, a rare 1955 Mercedes-Benz 300 SLR-- you're looking at it right now-- Coupe sold at Sotheby's for-- get this-- $142 million. Putting this all in perspective, that's nearly three times more than the previous record. We want to bring in our senior auto reporter, Pras Subramanian.
And, Pras, is there anything more to this? I mean, are these just car lovers who have a lot of money and they're looking to buy cars? Or is it actually a hedge against inflation? What do you think?
PRAS SUBRAMANIAN: [LAUGHS] I think this sale caught a lot of people by surprise because it just blew away that second-place car. And this car had some unique things going on for it. It was only one of two ever made. Mercedes made this car as, like, a test car. They never wanted to sell it. They had both these cars in their private collection, and they were convinced to sell by a private sort of dealer.
They got this huge amount for it, $143 million. That money's gonna towards a scholarship fund the company has. But it just kind of goes to show you how these rare cars are still getting people excited.
- It reminds me of Ferris Bueller, for those of you that are old enough. You know, Cameron's dad's car, and--
SEANA SMITH: I've actually seen that.
- --all right!
SEANA SMITH: I know.
- There we go.
[LAUGHTER]
SEANA SMITH: It took a while. We got there, though.
- Has it ever been driven? I have another question for you, but it has ever been driven and will it ever be driven? Or is it just literally a museum piece?
PRAS SUBRAMANIAN: Mercedes said that a lot of their test drivers and engineers have driven it in the past to kind of benchmark it against other supercars back in those days. So I think the person who buys it, hopefully, will buy it to drive because it is apparently an amazing car. So but going back to the big market, you see Ferrari dominates, right? Like you mentioned the Bueller car. And the top four of the top five are all Ferraris until this Mercedes came along and blew it away.
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