A Mercedes Formula One car driven by five-time world champion Juan Manuel Fangio has sold for over $29m at an auction in the UK today as part of a motorsport festival.
The Goodwood Festival of Speed regularly attracts huge crowds in the wake of the British Grand Prix as classic cars from Formula One and endurance racing are paraded and compete in the infamous hill-climb event. This year, as part of the annual auction, Fangio’s car was up for sale with the estimated price set at around $8m.
However, the car in which Fangio claimed the 1954 world championship eventually sold for three times that figure, with the lucky (and wealthy) buyer handing over £19.6m – around $29.6m.
It is the biggest amount paid for a classic racing car, dwarfing the $16m paid for a 1957 Ferrari 250 Testa Rossa two years ago.
The car was on show at Silverstone last month as Sir Stirling Moss (Fangio’s teammate) and current Mercedes driver Lewis Hamilton posed for pictures and compared their vehicles, leaving Hamilton in some shock when Moss explained that his car was not fitted with seatbelts.
Ferrari Driver Academy member Callum Ilott will start the 64th Macau Grand Prix from pole position after beating his Formula 3 rivals to victory in Saturday’s qualification race.
Ilott, 19, started third on the grid on Saturday behind pole-sitter Joel Eriksson and McLaren junior Lando Norris, but made a good start to rise to second early on.
Ilott hounded Eriksson for position for much of the race before battling past at Mandarin on Lap 7 as his Swedish rival struggled to keep his tires alive.
With Eriksson unable to respond, Ilott ultimately crossed the line more than seven seconds clear to take his first Macau win and secure pole for Sunday’s main event.
“We started quite strong as I got up to second from third which was not too bad. Then in the middle part of the race I had a good pace and I got past Joel for P1,” Ilott said.
“After that I managed to pull away. It was a good race, even quite relaxing at the end. I’m really happy for the result. Thank you SJM Theodore Racing by Prema, they did a great job and it should be good for tomorrow too.”
Eriksson held on to second ahead of Sergio Sette Camara, who completed the podium ahead of Maximilian Günther in P4.
Ferdinand Habsburg finished fifth ahead of Pedro Piquet, while Norris was left to settle for a lowly P7 after a clutch issue off the line caused him to drop down the order.
You can see full results from the Macau F3 qualifying race here.