Below, you will see one of the 1,400 Gullwing coupes built between 1954 and 1957. Its listed for sale at Bring A Trailer. The current bid as of this writing is $1,350,000. It will probably go for more than that when the auction ends next Tuesday. The restoration appears flawless — this effectively is a brand new (albeit 1956) car.
With a top speed of 163 mph, this was the fastest production car of its time.
I saw my first 300SL Gullwing in person decades ago on the North Fork of Long Island, back when the wineries there were still a well-kept secret. It was early 1990s, and the car was valuable, but not insanely 7-figures expensive.
I recall being struck the first moment I saw it how devastatingly beautiful the car was in person. This judgement was before the 300SL was blessed by the auto collector literati (at least as far as I knew). The dashboard is spectacular, the gull wing doors when open were startling, and the lines and body proportions were just right. She is a perfect 10, simply gorgeous from every angle. I recall it was parked next to a Porsche 911, and that was the very moment I uttered aloud the blasphemy: “Damn, that 911 is one butt ugly car.” It’s an unfair comparison because anything pales next to the MB 300SL in its lines and innovative exterior.
I never recovered from that moment. To this day, the only Porsche I have ever owned was a Macan S. That Gullwing totally ruined the 911 for me…
There are several delightful comments at the listing, but my favorite is the story of someone’s father-in-law, returning home from serving in the Marine Corps in the Korean War, with $6,800 in savings. In New York, he test-drives a ‘57 Porsche Speedster and a 300 SL Roadster. At $10,000, the Porsche is too expensive. He returns home to Chicago, goes to the local Mercedes Benz dealership, and the Gullwing was exactly $6,800 – and buys one. Too bad he only kept it 20 years; selling that in the lat 70s left millions on the table.
This one is not my favorite color combo — I prefer the one Paul Newman owned. (I don’t know what’s up with me and blue cars, but that seems to be my thing lately). Still, if I had a few million dollars burning a hole in my pocket . . .
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/