Mercedes Just Sold The World’s Most Expensive Car

With the proceeds from the sale of this ultra-rare sports car, Mercedes is planning to establish the “Mercedes-Benz Fund.” The fund will be used to provide resources and scholarships to young people interested in the fields of environmental science and decarbonization. According to Renata Jungo Brüngger, a member of the board of management at Mercedes, the carmaker believes that it “bears a great level of responsibility towards society,” and as part of that responsibility, it wants to give back by supporting those who could not otherwise afford this kind of education.

What exactly will the scholarship fund be used for? Mercedes doesn’t fully specify, but it mentions plans to aid young people in their studies as well as strengthen their commitment toward actions that make the planet a better place. Seeing as cars and trucks account for nearly a fifth of all U.S. carbon dioxide emissions (via UCSUSA.org), it’s definitely a good idea to offset some of that by helping students reduce the carbon footprint left behind by brands like Mercedes.

The all-time record sale was made at an auction held at the Mercedes-Benz Museum in Stuttgart, Germany, with the help of RM Sotheby’s — a popular auction house dealing with car sales. Only a select few were invited to attend the auction, including car and art collectors as well as the most prestigious Mercedes-Benz customers. Let’s be real — this car was never going to be sold on the cheap, and as such, the sale gathered an audience with large wallets. Prior to the sale, the Mercedes-Benz 300 SLR Uhlenhaut Coupe was safely stored alongside its sibling in the private collection of Mercedes-Benz Classic as one of the 1,100 vehicles that the company wants to keep safe for posterity.