Insuring That $142 Million Mercedes Is Neither Cheap Nor Easy
Fire, floods, bombs, theft, war ... What could go wrong?
The 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé is the world’s most expensive car.
Source: Mercedes-Benz
On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, soundly beating the eight-figure Ferrari sales that had long topped the blue-chip billing.
The identity remains a mystery of the person who bought the one-of-two silver stunner with gullwing doors and shiny exhaust pipes protruding from its right side. Notwithstanding persistent industry rumors, representatives for Ernesto Bertarelli, a Swiss-Italian billionaire, have strongly denied to Bloomberg that the longtime Mercedes-Benz connoisseur made the lucky bid.