World’s most expensive car auctioned in England! Mercedes-Benz W196 driven by Formula 1 legend Juan Manuel Fangio in 1954

The most expensive car in the world was sold for almost 20 million pound sterling at an auction held in Britain on July 12, 2013. The Formula One racing car “Mercedes-Benz W196” was once driven by legendary pilot Juan Manuel Fangio and recently put up for sale by the auction house Bonhams.

Mercedes-Benz W196 set world record as most valuable car (Credit: swns.com/rtv.net)

W196 which has officially become the most expensive in the world, was Mercedes Formula 1 entry in 1954 and belonged to Argentine driver Juan Manuel Fangio who won two Grand Prix that year.

Although experts have rated the sports car at only 10 million British pounds, the final amount paid for it, 19.6 million pounds, took everyone by surprise.
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The vehicle has not undergone any change since 1954 and has been stored in a warehouse over time. This fact has increased its value.

The amount paid by the lucky collector exceeded the previous record of 10.8 million pounds paid for a 1957 Ferrari.

Video: Juan Manuel Fangio’s F1 car Mercedes-Benz W196 set price record of £19.6 million