Auction Update: Juan Manual Fangio W196 Sets Record Price

Fangio's W196 from 1954. Photo: Bonham's Auctions

As you may recall from our earlier article on Juan Manual Fangio's fabulously preserved W196 monoposto Grand Prix racer, the car was being auctioned by Bonham's as part of their annual Goodwood sale. Well, that car just achieved a record breaking, if not surprising, result of over $29,600,000.

Bonham's claims it's a record on several fronts; including any car sold at auction, any F1 car sold, and highest price paid for any Mercedes-Benz. In 2011, a 1957 Ferrari 250 Testa Rossa sold at $16.4 million although a private trade saw the highest known price paid for an automobile when a 1962 Ferrari 250 GTO raced by Stirling Moss sold at $35 million in 2012.