In an auction at the Mercedes-Benz Museum in Germany, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe was sold for a staggering $142 million, making it the most expensive car ever sold at auction.
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The car, which has unique gullwing doors and shiny exhaust pipes, remains a mystery regarding its new owner’s identity, but it’s confirmed that the buyer is an enthusiast rather than an investor.
Insuring a car of such high value requires a specialized inland marine insurance policy, costing well over $100,000 annually, and the new owner must take precautions in storing and protecting this precious asset to maintain its value.
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