The 1958 Mercedes-Benz 300 SL Roadster of famed racing driver Juan Manuel Fangio is for sale in a sealed bid auction arranged by RM Sotheby’s.
RM Sotheby’s announced that the 1958 Mercedes-Benz 300 SL Roadster that Juan Manuel Fangio received as a retirement gift from Mercedes-Benz is for sale in a sealed-bid letter auction from 21 to 25 March 2022. The sale price will not be made public. Fangio owned the Roadster from new and it was exhibited in the Fangio Museum in Argentina since 1986.
Fangio’s Mercedes-Benz 300 SL Roadster Sale
Mercedes-Benz presented Juan Manuel Fangio with a metallic light blue over cream leather interior 1958 Mercedes-Benz 300 SL Roadster as retirement and 47th-birthday gift in 1958. It clearly became one of his favorite cars as he drove it for nearly 73,000 km in the next three decades in both Europe and South America. The Roadster with patina to spare was on static display in the Fangio museum in Argentina since 1986 and is sold as Fangio left it, complete with a suitcase in the trunk and stickers in the window.
Finished in Metallic Light Blue over a Cream leather interior, it was an instant hit with Fangio. El Maestro is pictured on many occasions behind the wheel of the car with its roof down, while its matching-colors hardtop can be equipped for driving in all weathers. Throughout its years of personal ownership as one of Fangio’s most treasured cars, the 300 SL was known to follow the driver around the world. It is believed that almost all of the 72,951 km currently showing on the odometer was accrued at the hands of Fangio.
He received the car in England and immediately embarked on a driving tour of Europe with his girlfriend Andrea Berruet, playing out his new role as an ambassador for Mercedes-Benz. One of the most memorable pieces of footage of Fangio is an “onboard” of him drifting a Maserati 250F at the Modena Autodrome, and it is fitting that at the very beginning of the film, Fangio draws up alongside his 250F in this very 300 SL. This 300 SL would be used by Fangio for his Mercedes-Benz ambassadorial work in Europe up until 1960.
Fangio’s Roadster in South America
Thereafter, Fangio worked with senior figures from the German marque to develop Mercedes-Benz’s market share in the driver’s native South America. The 300 SL Roadster was exported from Europe to Argentina—curiously, declared in the transfer as a “trophy” to circumvent contemporary taxes on bringing automobiles into the country—and Fangio would resume the ambassadorial role that he started in Europe, much of which was achieved from behind the wheel of this car.
First registered in Argentina in March 1960 and from that time, Fangio would continue to use the Roadster extensively throughout the next two decades, fulfilling appearances at new Mercedes-Benz showrooms as the German company expanded its dealer network in South America, Fangio was known to travel between appointments in his beloved 300 SL. When Silvana Suárez was crowned “Miss World” in 1978, she undertook a parade on the streets perched atop the rear seats with Fangio at the wheel.
The 300 SL twice attended the 1000 Millas with Fangio, a thousand-mile endurance race in Argentina, while many of the most special memories of this car in Argentina are personal. Fangio’s nephew, Juan Manuel Fangio II says: “That car marked my childhood, it is a car that awakened special feelings in me. That car identified my uncle after his retirement. It occupied a preferential place among all the vehicles he had, not only because of the characteristics it had, but also because of the importance it gave having been a gift from Mercedes-Benz.”
1958 Mercedes-Benz 300 SL in the Fangio Museum
In 1986, as El Maestro approached his twilight years, this 300 SL was put on permanent display by the driver at the Juan Manuel Fangio Museum, located in his hometown of Balcarce, Argentina. The car stood pride of place in the museum collection for many years, displayed alongside many of the other significant cars that Fangio drove in his celebrated career.
Widely recognized not only as one of the greatest drivers of all time but also one of the most charismatic and popular, the great man racked up five World Drivers’ Championship titles in the 1950s—two of those achieved driving for Mercedes-Benz, scoring consecutive seasons’ victories in 1954 and 1955 behind the wheel of the peerless W196.
Precious remnants of the Balcarce-born driver’s celebrated life rarely surpass the magnitude of cars that the man is known to have driven. Even without this 300 SL’s unique connection to the legendary driver, it would be regarded as a great survivor with remarkable originality. It retains its original matching-numbers chassis, engine, body, gearbox, differential, hood frame, and hardtop. Most importantly, its original Creme leather interior with all the wear and tear created by the great man’s ownership—including where his knee would have collided with the lower dash—is all present. In addition, the interior features a unique gear knob fitted by Fangio, and a UPPI sticker, an organization that Fangio was a founder member of as a predecessor to the Grand Prix Drivers’ Association.
Mercedes-Benz 300 SL Roadster Sale Prices at Auction
RM Sotheby’s will unfortunately not release the price paid for the sale of the Fangio Roadster so the price will remain unknown. According to Hagerty, the last ex-Fangio car sold at public auction achieved a premium around double typical concourse condition value — $616,000 paid for a 1951 Alfa Romeo 1900 Sprint at Gooding Scottsdale 2018.
A single-owner, 1,380-km 1963 Mercedes-Benz 300 SL Roadster sold for a sensational €3,143,400 ($3,709,212) at the Artcurial Le Mans Classic 2018 Sale — this was almost double the previous model record. While the record Roadster had low mileage and no special ownership provenance on its side, the Fangio Roadster will be priced for the owner-connection. It is highly unlikely that the new owner will restore the patina away from the badly maintained interior and cracked leather seats.
Hagerty guestimated the sale of the Fangio Roadster at between $3 and $4 million. Only a handful of Roadsters ever sold for over $2 million at auction while only the record holder and one of the last produced ($3,085,000 paid at Gooding Pebble Beach 2021) ever breached the $3-million mark.