Yesterday, September 16th, an 84-year-old unrestored 1928 Mercedes Benz was sold at an UK auction for $4.5 million.
Collectors gathered at the Bonhams sale in Sussex competed for classic cars produced by well-known brands such as Maserati, Lagonda or Alfa Romeo, but the winning bid was won by the 1928 Mercedes Benz, which was kept in a garage for 84 years. The buyer requested to remain anonymous.
The Mercedes S-type, a 4-seat tourer dubbed the Bugatti Veyron of its day, was bought and owned by the same English family since 1928. The car, valued as much as 2 million pounds, was the top lot in Bonhams’ annual “Goodwood Revival” event.
The car has been kept in a garage since it was bought, it still has its purpose-built motor house and only 8,375 miles on its odometer. Dealers said the vehicle’s price would have been higher if it still had the 1920s coachwork been made by Mercedes, instead of one made by Cadogan Motors of London. The auction sales brought a profit of 13.5 million pounds, higher than the initial forecast of 10 million pounds, with 75% of the 84 vehicles being successful.