A 1928 Mercedes Benz S-Type sold for $4.5 million at Bonhams’ annual “Goodwood Revival” auction last week in Sussex, England.
The unrestored car was said to be what dealers dub the Bugatti Veyron of its day, and it was kept in a specially built garage for 84 years by the same English family that purchased it in 1928. The odometer only has 8,375 miles on it.
An unidentified buyer beat out at least five others with a bid of 2.8 million pounds. The auction house estimated the four-seat tourer to sell for at least 2 million pounds. It would have been priced even higher had the 1920s coachwork been made by Mercedes, rather than Cadogan Motors of London.
Wealthy collectors also bid on classic cars from the likes of Lagonda, Maserati and Alfa Romeo. The auction beat out its minimum forecast of 10 million pounds, with a success rate of about 75 percent of 84 cars, amounting to a total of 13.5 million pounds.
Source: Business Week
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