RM Sotheby’s Auction of a Mercedes-Benz 300 SLR Uhlenhaut Coupé

Taylor Wessing advised RM Sotheby’s on its auction of a Mercedes-Benz 300 SLR Uhlenhaut Coupé.

RM Sotheby’s has sold what is considered to be the most beautiful car in the world, a Mercedes-Benz 300 SLR Uhlenhaut Coupé. This exclusive car was secured by a private collector for a record sum of 135 million euros on May 5, 2022. This sale price places the iconic vehicle among the top ten most valuable items ever sold at auction.

The Mercedes Benz 300 SLR is one of two prototypes built in 1955. Based on a Grand Prix car, the chief engineer at the time, Rudolf Uhlenhaut, had two coupes produced that were originally intended for racing use but never made it to the starting line. Uhlenhaut then used one of the two silver sports cars as a company car, making the model inseparably linked with his name from then on. The second coupé remained in the company’s premises as a showpiece of the corporate history, well preserved.

The sum of 135 million euros far eclipses the highest sales price ever achieved for a car at auction: 36 million euros (38.1 million US dollars) was achieved by a 1962 Ferrari 250 GTO Berlinetta – a difference of 100 million euros, which suggests that the record sum paid for the Uhlenhaut Coupé will remain unattained in the long term.

Mercedes Benz plans to use the proceeds from the sale to establish a charitable fund for educational scholarships to level the access to fields such as sustainability, engineering, mathematics and science for students and schoolchildren who do not have sufficient financial resources.

The deal was led by Harald Bechteler (Picture) and Ronald Graham who advised on many considerations, from the initial structuring of the deal, through the extensive consultations between Mercedes-Benz and RM Sotheby’s preceding the auction.

 

Involved fees earner: Harald Bechteler – Taylor Wessing; Ronald Graham – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Sotheby’s;

Giulia Di Palma

Author: Giulia Di Palma