SCM Analysis
Detailing
Number Produced: | 3,077 |
Original List Price: | $10,070 |
Tune Up Cost: | $350 |
Distributor Caps: | $45 |
Chassis Number Location: | Right side of firewall |
Engine Number Location: | Top of right side of block |
Club Info: | Mercedes-Benz Adenauer 300 Club |
Website: | http://www.3-0-0.org/ |
Investment Grade: | D |
This 1961 Mercedes-Benz 300d “Adenauer” sold for $18,700 at the RM Amelia Island sale on March 10, 2007.
Designated model W186, the 300 was the first new model created by Mercedes-Benz after the destruction of industrial Germany during World War II. Most of the Daimler-Benz factory was destroyed and Stuttgart was in ruins after the Allied bombing.
Six years later, Mercedes-Benz unveiled the 300 series sedan and four-door cabriolet at the 1951 Paris Auto Show. Its unique appearance, advanced engineering, and luxurious appointments made it extremely popular with heads of state and other moneyed dignitaries.
The 300b and “c” models followed in short order with mechanical enhancements such as finned brake drums and a new 3-speed BorgWarner transmission built under license by Detroit Gear. The “d” model, which was produced from August 1957 until March 1962, was often referred to as a hard top limousine, as the B-pillar was eliminated and all the side windows, including the frames, could be lowered.
The 300s were equipped with white sidewalls, while power steering and Artic-Kar air conditioning were available options. (The auction catalog states that power steering was standard, but other sources state it was an option.)
Did this car fall through the cracks?
Priced at $10,070 in 1961, the 300d cost the same as two 190SLs. Throw in an extra $900 and you could have bought a 300SL roadster, which in hindsight would have been a far better investment. Fifty years later, the 300SLs are topping $500,000, while this “Adenauer” sold for well under RM’s estimate of $30,000-$50,000.
At first glance I’d think that the buyer caught this as it fell through the cracks; the SCM value guide and others state that decent examples should sell in the $20,000-$40,000 range. A very nice 1960 300d that was once owned by Al Hirt of New Orleans jazz fame was recently offered for $39,500. It was stated to have new paint, leather interior, and wood, and to be in excellent mechanical condition.
As we read the auction description, three key phrases jump out: “partial repaint,” “candidate for restoration,” and “highly original.” These alert us to the fact that a 45-year-old Mercedes does not restore itself, especially if-as the mileage would indicate-this car has been in idle storage. So we are looking at dealing with paint, leather interior, brightwork, and spending some time under the hood.
If the new owner can do all that for $20,000 or so, he should be okay. If not, he would have been better off buying the advertised Al Hirt car or a similarly “done” car to avoid the unknown gremlins and expenses lurking in the restoration. On the other hand, for someone with time on his hands who needs an excuse to spend countless hours in the garage, this 1961 300d Adenauer could have been just the ticket.