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Historic photo of the legendary Mercedes-Benz 300 SLR Uhlenhaut Coupé (Photo courtesy Mercedes-Benz)

A 1955 Mercedes-Benz The 300 SLR Uhlenhaut Coupe, one of only two on Earth, sold for a record $143 million, making it the most expensive car in the world.

The car was named after its creator and chief engineer, Rudolf Uhlenhaut, and was auctioned off to a private collector on May 5, according to Mercedes-Benz. It is known for its racing technology and distinctive “butterfly” doors. Prior to this sale, a 1963 Ferrari 250 GTO, the Holy Grail model, had sold for $70 million and was considered the most expensive car on the planet.

Proceeds from the sale of Mercedes will be used to launch a global scholarship fund, Mercedes said, “to encourage a new generation to follow in Rudolf Uhlenhaut’s innovative footsteps and develop amazing new technologies, especially those that support the critical goal of decarbonization and resource conservation.”

Mercedes-Benz 300 SLR Uhlenhaut Coupe. (Photo courtesy of Mercedes-Benz)

“We are convinced that access to education in these areas will be crucial to meeting the great challenges of our time and contributing to greater stability, prosperity and social cohesion,” said Renata Jungo Brüngger, board member of management of Mercedes.

The other Prototype 300 SLR Uhlenhau Still owned by Mercedes and can be viewed at the Mercedes-Benz Museum in Stuttgart, Germany.

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