November 26, 2022
The world's "most valuable car" was sold by Mercedes-Benz at an auction in Germany earlier this month for $142 million.

The world’s “most valuable car” was sold by Mercedes-Benz at an auction in Germany earlier this month for $142 million.

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe was sold for €135 million, or roughly $142 million, at an auction on May 5 at the Mercedes-Benz Museum in collaboration with the auction house RM Sothebys, according to a press release from the automobile maker. The proceeds from the auction will go toward funding a global scholarship.

“The 300 SLR Uhlenhaut Coupes are milestones in sports car development and key historical elements that have shaped our brand,” the automobile maker said in the statement. “The decision to sell one of these two unique sports cars was taken with very sound reasoning — to benefit a good cause.”

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“The proceeds from the auction will fund a global scholarship program,” the press statement read. “With the ‘Mercedes-Benz Fund’ we would like to encourage a new generation to follow in Rudolf Uhlenhaut’s innovative footsteps and develop amazing new technologies, particularly those that support the critical goal of decarbonization and resource preservation,” Ola Kallenius, the CEO of the Mercedes-Benz Group AG said in the statement.

The global scholarship program will help to support “young people in their studies, commitment and actions” in order to move toward a “more sustainable future,” according to the press release. “We are convinced that access to education in these areas will be crucial in encountering the great challenges of our time and contribute to greater stability, prosperity and social cohesion.”

The Mercedes-Benz car that was sold is one of two “ultra-rare original” 300 SLR Uhlenhaut Coupes. The second 300 SLR Coupe will stay in the museum and will “continue to be displayed at the Mercedes-Benz Museum in Stuttgart,” according to the press release.

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“As a global company and as a luxury brand we bear a great level of responsibility towards society,” Ranta Jungo Brungger, a member of the Board of Management of the Mercedes-Benz Group AG for Integrity and Legal Affairs, said in the statement. “The proceeds from the sale of the 300 SLR Uhlenhaut Coupe provide us with a unique opportunity to strengthen our commitment with a long-term flagship project.”

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