CNN BUSINESS | Mercedes just sold the world’s most expensive car for $142 million

(CNN) – Mercedes-Benz confirmed on Thursday that it recently sold the world’s most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker’s collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have been sold, according to Hagerty, a company that tracks collector car values.

Money from the sale will be used to establish the Mercedes-Benz Fund, a global scholarship fund, Mercedes said in an announcement.

The previous record sale price for a car was reportedly $70 million paid in 2018 for a 1963 Ferrari 250 GTO.  –read more–