The Mercedes-Benz W196 in which legendary Argentine racing driver Juan Manuel Fangio won the second of his five Formula One world titles was sold Friday at auction for 17.5 million pounds ($26.4 million). The sum sets a record for a car sold at auction, the previous record was by a 1957 Ferrari 250 Testa Rossa Prototype, which was knocked down for $16.4 million in 2011. Fangio drove the W196 in the 1954 and 1955 seasons.

The vehicle was also driven by Karl Kling, a teammate of Fangio’s in the 1955 Italian Grand Prix, though in that race the prototype suffered a breakdown in the gearbox. This is the only Mercedes-Benz W196 in private hands. It is the only surviving Mercedes-Benz W196 to have won not just one Grand Prix, but two.