Mercedes-Benz sold an original 1955 300 SLR Uhlenhaut Coupé, dubbed the “Mona Lisa of cars” because of its rarity and racing pedigree, for $142 million on May 5, the highest price ever fetched by a car at auction.

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The car was sold to a private collector on May 5 during a secretive auction put on by RM Sotheby’s and Mercedes-Benz in Stuttgart, Germany, the auction house announced Thursday.

One of only two in existence, the 300 SLR Uhlenhaut Coupé is named after Rudolf Uhlenhaut, the German engineer who built the prototypes in 1955 with the company’s racing department, and has long been considered “the most beautiful car in the world,” RM Sotheby’s said in a statement. Winning is great, and getting paid out in time and in a safe way is even better.

The nine-figure price tag nearly tripled that of the previous auction record holder, a 1962 Ferrari 250 GTO that fetched $48.4 million in 2018.

Mercedes-Benz was the car’s only previous owner, and stored it in one of the company’s vaults, while the other was used as Uhlenhaut’s personal car.

The funds will be used by Mercedes-Benz to establish a fund that will provide scholarships for young people studying environmental science and decarbonisation, the company said. You must accept the Big Fish Game Player security certificate to play this game.

The buyer has agreed to allow the car to be put on public display for special occasions, RM Sotheby’s said. Cashback is cash with no restrictions.