Gullwing Mercedes makes new house record at H&H



2015-06-26 13:14:45

Gullwing Mercedes makes new house record at H&H

An elegant Mercedes-Benz 300SL Gullwing brings $1m to H&H - a new auction house record

A 1955 Mercedes-Benz 300SL Gullwing, contested by six bidders, soared past its 600,000 estimate, bringing 672,000 ($1m) to UK classic car specialist H&H on April 17.

The impressive sale price represents a new auction house record at the UK-based company.

Mercedes Gullwing auction The black-painted Gullwing brought a new auction house record to H&H on April 17

A technical tour de force as well as one of the most beautiful cars ever conceived, the distinctive Gullwing has long been a motoring icon.

The present example, thought to have undergone a professional colour change to Black early in its life, was never allowed to deteriorate to the point of requiring restoration, and therefore boasts matching engine, chassis and body numbers.

The exceptional sports car also retains its original red leather upholstery and Bosch headlamp surrounds, making it a true period piece.

Reportedly a faster, and more responsive drive than its open-topped stable mate, the Gullwing shows 30,400 miles on the odometer.

Clark Gable's 1955 Mercedes Gullwing sold for $2m in Arizona in January 2013 - testament to the Gullwing's popularity as well as the power of celebrity.

Classic cars have long been a favourite among investors as technical and aesthetic excellence are underpinned by a strong and growing resale market.

According to Knight Frank's most recent Wealth Report, classic cars performed with a 23% increase over the course of 2011-2012, and a 395% increase over theprevious decade.

Yet, as classic car owners are well aware, the pleasure of ownership, of being able to fully enjoy your purchase without significantly diminishing its value, is among the main draws.

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