Kitchener family says their 10-year-old needs life-saving drug that cost $600,000
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.
Mercedes-Benz confirmed on Thursday that it recently sold the world's most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker's collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have been sold, according to Hagerty, a company that tracks collector car values.
Money from the sale will be used to establish the Mercedes-Benz Fund, a global scholarship fund, Mercedes said in an announcement.
The previous record sale price for a car was reportedly $70 million paid in 2018 for a 1963 Ferrari 250 GTO.
The Mercedes that was sold was one of only two 300 SLR Uhlenhaut Coupe prototypes. The 67-year-old cars were named for Mercedes' chief engineer at the time, Rudolf Uhlenhaut, and are claimed to have a top speed of 186 mph It was sold at a closed invitation-only auction at the Mercedes-Benz Museum in Stuttgart on May 5. The auction was held in cooperation with auto auction company RM Sotheby's.
The other Uhlenhaut Coupe will remain in the Museum's collection, according to a Mercedes-Benz statement.
"Their racing cars from the 1930s and 1950s are rare, and most are still owned by the factory, so any that come to market are highly sought after," said Brian Rabold, vice president for automotive intelligence at Hagerty.
Mercedes' "Gullwing" SLRs -- so-called because of the doors that rise up like curved wings -- are considered to be among the world's most desirable cars. And various rare and racing versions are especially valuable.
The SLR Uhlenhaut Coupe was, essentially, a hard-top version of Mercedes' famous open-topped SLR racing car, powered by a 300 horsepower eight-cylinder engine. The thinking was that a closed car would better protect drivers from wind and weather at high speeds, while the closed roof would also improve aerodynamics.
Shortly after the development of these cars, Mercedes stopped its involvement in motorsports, so the cars were never used in competition.
While the identity of the car's new owners remains unknown, British classic car dealer Simon Kidston claimed in a press release to have placed the winning bid on behalf of a customer.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.
The Canadian Food Inspection Agency has issued a recall for a specific chocolate brand sold in Ontario and Quebec.
A senior Qatari official has urged Israel and Hamas to show "more commitment and more seriousness" in ceasefire negotiations in interviews with Israeli media, as pressure builds to reach a deal that would free some Israeli hostages and bring a ceasefire in the nearly seven-month-long war in Gaza.
Quebec will invest $603 million over five years to counter the decline of French in the province, French Language Minister Jean-Francois Roberge announced Sunday.
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Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
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Dozens of people raised their arms in the fascist salute and shouted a fascist chant during ceremonies Sunday to honor Italian dictator Benito Mussolini on the 79th anniversary of his execution.
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The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”