Image credit: © conceptcarz.com (Reproduction Or reuse prohibited).

1938 Mercedes-Benz 540K Navigation
The Lancefield Coachworks Ltd. of Queen's Park, London built six cars with this design and this is the only Mercedes-Benz 540 K. The rear deck is unlocked by means of a T-handle screw, and under manual power, the top raises vertically, then slides to the rear and swings away, similar to that of a modern Porsche Speedster. With the top revealed, it can then be unfurled over the bows into an erect position. Chrome channels direct the rear quarters into position, and thumb screws secure the leading edge to the top of the windshield.
Mr. Grey-Cheape ordered this right-hand-drive 540 K in February of 1938, was given Lanfield coachwork and finished in two-tone livery. It was advertised for sale in May 1947 and is believed to have been sold to London before coming to the United States in the early 1960s. From at least 1961 until the early 1980s it was in the custodianship of John H. Possehl of Norristown, Pennsylvania. It was later owned by Mark J. Smith and had it resprayed in green. Shortly after it was offered for sale in 1988 it entered the current owner's care.
During the late 1980s or early 1990s, the car was given its current deep maroon and black exterior with a maroon leather interior. It retains its original factory engine, original firewall Typenschild, and order number plate bearing Kommission number 269503.By Daniel Vaughan | Dec 2022
Mr. Grey-Cheape ordered this right-hand-drive 540 K in February of 1938, was given Lanfield coachwork and finished in two-tone livery. It was advertised for sale in May 1947 and is believed to have been sold to London before coming to the United States in the early 1960s. From at least 1961 until the early 1980s it was in the custodianship of John H. Possehl of Norristown, Pennsylvania. It was later owned by Mark J. Smith and had it resprayed in green. Shortly after it was offered for sale in 1988 it entered the current owner's care.
During the late 1980s or early 1990s, the car was given its current deep maroon and black exterior with a maroon leather interior. It retains its original factory engine, original firewall Typenschild, and order number plate bearing Kommission number 269503.By Daniel Vaughan | Dec 2022
2022 RM Sothebys : Monterey
Pre-Auction Estimates :
USD $1,250,000-USD $1,750,000
Sale Price :
USD $1,050,000
2016 Bonhams - The Mercedes-Benz Sale
Pre-Auction Estimates :
€2,100,000-€2,700,000
Lot was not sold
1938 Mercedes-Benz 540K Auction Sales
Recent Sales of the Mercedes-Benz 540K
(Data based on Model Year 1938 sales)
1938 Mercedes-Benz 540 K Norrmalm Cabriolet Chassis#: 169389 Sold for USD$1,435,000 2024 Broad Arrow Auctions : Amelia | ![]() ![]() |
1938 Mercedes-Benz 540 K Special Roadster in the style of Sindelfingen Chassis#: 408338 Sold for USD$1,545,000 2024 RM Sothebys : Arizona | |
1938 Mercedes-Benz 540 K Special Roadster in the style of Singelfingen Chassis#: 169394 Sold for USD$2,089,949 2022 RM Sothebys : Munich | |
1938 Mercedes-Benz 540 K Drophead Coupe by Lancefield Chassis#: 169317 Sold for USD$1,050,000 2022 RM Sothebys : Monterey | ![]() ![]() |
1938 Mercedes-Benz 540 K Cabriolet A by Sindelfingen Chassis#: 189391 Sold for USD$1,132,500 2022 RM Sothebys : Monterey | ![]() ![]() |
1938 Mercedes-Benz 540K Cabriolet B Chassis#: 130903 Sold for USD$836,000 2016 Worldwide Auctions - The Houston Classic | |
1938 Mercedes-Benz 540K Special Roadster by Nawrocki Sold for USD$1,870,000 2015 Auctions America - California | |
1938 Mercedes-Benz 540 K Cabriolet B Chassis#: 169367 Sold for USD$1,289,033 2013 RM Auction - London | |
1938 Mercedes-Benz 540 K Special Cabriolet A Chassis#: 154133 Sold for USD$2,200,788 2013 RM Auction - London | |
1938 Mercedes-Benz 540K cabriolet Chassis#: 169333 Sold for USD$900,205 2013 Bonhams - Les Grandes Marques du Monde au Grand Palais | ![]() ![]() |
1938 Mercedes-Benz 540K Cabriolet 'A' Chassis#: 169396 Sold for USD$1,312,500 2013 Bonhams - The Scottsdale Auction | ![]() ![]() |
1938 Mercedes-Benz 540K Sold for USD$946,000 2009 The Scottsdale Auction : Gooding & Company | |
1938 Mercedes-Benz 540K Cabriolet A Chassis#: 169397 Sold for USD$1,035,868 2005 Bonhams - Important Collectors' Motor Cars | |
1938 Mercedes-Benz 540K Special Roadster Chassis#: 189387 Sold for USD$1,017,500 2005 The Monterey Sports and Classic Car Auction | |
1938 Mercedes-Benz 540K Sport Cabriolet Sold for USD$973,500 2003 Monterey Sports and Classic Car Auction |
Mercedes-Benz 540Ks That Failed To Sell At Auction
1938 Mercedes-Benz 540K's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1938 Mercedes Benz 540K Norrmalm Cabriolet | 169389 | 2016 The Finest : The Elegance at Hershey | $950,000 | $1,300,000 | |
1938 MERCEDES-BENZ 540K ROADSTER | 169317 | 2016 Bonhams The MercedesBenz Sale | $2,100,000 | $2,700,000 | |
1938 Mercede-Benz 540 K Spezial Roadster long tail | 169394 | 2015 Rétromobile by Artcurial Motorcars | $2,000,000 | $3,000,000 | |
1938 MERCEDES-BENZ 540 K SPEICAL PHAETON | 11102510004813 | 2003 Kruse Auctions Las Vegas, NV |
Vehicles With Comparable Market Values
Similar sales to the $1,308,923 range.
1954 Bentley R-Type Continental Fastback Sports Saloon by H.J. Mulliner Chassis#:BC39LC Sold for $1,312,977 2025 RM Sothebys : Paris | ![]() ![]() |
1965 Ferrari 275 GTS Convertible Chassis#:06809 Sold for $1,320,000 2025 Mecum : Kissimmee | ![]() ![]() |
2011 Aston Martin One-77 Chassis#:SCFGFXXXOBGS17701 Sold for $1,310,005 2024 Bonhams : The Zoute Sale | |
1960 FERRARI 250 GT SERIES II CABRIOLET Chassis#:1817 GT Sold for $1,300,000 2023 Gooding & Company : Pebble Beach | ![]() ![]() |
2019 FORD GT LIGHTWEIGHT CARBON SERIES Chassis#:2FAGP9CW2KH200042 Sold for $1,320,000 2023 Barrett-Jackson : Scottsdale, Az. | |
2020 FORD GT CARBON SERIES Chassis#:2FAGP9DWXLH100173 Sold for $1,320,000 2023 Barrett-Jackson : Scottsdale, Az. | |
1990 Ferrari Testarossa Pininfarina Spider 'Special Production' Chassis#:EFG092 Sold for $1,300,703 2022 RM Sothebys : London | |
2020 Ford GT '69 Heritage Edition Chassis#:2FAGP9EW2LH100148 Sold for $1,297,500 2022 Broad Arrow Auctions : The Passion for the Drive | |
1931 Rolls-Royce Phantom II Henley Roadster by Brewster Chassis#:224AJS Sold for $1,297,500 2022 RM Sothebys : Monterey | ![]() ![]() |
1969 Dodge Hemi Daytona Sold for $1,320,000 2022 Mecum Indy | |
2018 Ford GT '67 Heritage Edition Sold for $1,320,000 2022 Mecum : Kissimmee | |
2015 Porsche 918 'Weissach' Spyder Chassis#:WP0ZZZ91ZFS800219 Sold for $1,303,536 2021 RM Sothebys : St. Moritz, Switzerland | |
2010 Bugatti Veyron EB 16.4 Coupé Chassis#:VF9SA25C18M795208 Sold for $1,316,076 2019 Bonhams : The Bonmont Sale | |
1941 Mercedes-Benz 540 K Cabriolet A Chassis#:189392 Sold for $1,297,500 2019 Gooding & Company : Pebble Beach | ![]() ![]() |
1928 Bentley 6½ Litre Four Light Weymann Fabric Sports Saloon Chassis#:BR2353 Sold for $1,304,781 2019 Bonhams : Les Grandes Marques du Monde au Grand Palais | |
2017 Ford GT Sold for $1,320,000 2018 Mecum : Dallas | |
1953 Ferrari 212 Europa Coupé by Pinin Farina Chassis#:0279 EU Sold for $1,306,172 2018 RM Sothebys : London | |
1961 Mercedes-Benz 300 SL Roadster Chassis#:198.042.10.002623 Sold for $1,297,500 2018 RM Sothebys : Monterey | ![]() |
1964 Ferrari 250 GT Lusso Chassis#:5201 GT Sold for $1,320,000 2018 Gooding & Company : Pebble Beach | ![]() ![]() |
1931 Duesenberg Model J SWB Sport Convertible Sedan Chassis#:2486 Sold for $1,320,000 2018 Worldwide Auctioneers : Pacific Grove Auction | ![]() ![]() |
1938 Mercedes-Benz 540K
• Additional valuation insight and sales data• History
• Specifications
• Image gallery
• Other Mercedes-Benz 540K model years