Record price for ’96 Mercedes-Benz SL500 after owner loses the key

12 April, 2017

Picture this: it’s 1996, you’ve just received your brand-new Mercedes-Benz SL500 and taken it for a brisk drive around a few blocks. 80-miles now adorns the odometer and you park it up to go about your business, returning to find the key has gone walkabouts. Would you then call it a day and never drive it again?

That’s exactly what the owner of this particular example did, and it recently sold for a record price 21 years later— £56,640 to be exact — by Coys at their Spring Classics auction at the Royal Horticultural Halls in London.  

Chris Routledge, CEO of Coys, said, “This is a fantastic price bearing in mind that a normal version of this car, with reasonable mileage, would probably be worth 20% of what this SL500 made today. An exciting sale and a new world record!”

The Mercedes-Benz SL500 R129 roadsters were produced from 1989 through 2002, featuring many innovative details for the time, such as electronically controlled damping and a hidden, automatically extending roll-over bar, electric windows and mirrors.

This is one of the more powerful and sought after M119 engined cars and also boasts a number of optional factory extras, including heated front seats, 6 CD multi-changer, upgraded radio and wood-leather steering wheel.

It’s far too nice to call a barn find … perhaps a time capsule, if you will? Either way, £56,640 is a staggering win for the owner.

The actual Formula One

Seeing, in a shed in Hamilton, New Zealand, the Darracq 120 racer that Louis Wagner, also a pioneer aviator, drove to victory in the 1906 Vanderbilt Cup race felt a little like finding a Rembrandt at a garage sale.
For historical significance, I’d say this car ranks with Ray Harroun’s Marmon Wasp, the first Indianapolis 500 winner. Unlike Harroun’s Wasp, which has been lovingly cared for at the Indianapolis Motor Speedway Hall of Fame Museum over the years, this historically pivotal machine wound up half a world away from its home in France and, to most of the motoring world, largely forgotten. Sadly, so is the story of how the car got to Aotearoa in the first place.
More often than not, a racing car that is a few years old is regarded as obsolete and relegated to a shed somewhere. As far as racing drivers and team owners at the cutting edge of the sport are concerned, the cars are virtually worthless at that point. They can’t be driven on the street; at best they can be reconfigured for lower levels of the sport, so few people care about them until their historical significance becomes more apparent.

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