Ferrari and Michael Schumacher: .22 million / Formula 1

Ferrari and Michael Schumacher: $6.22 million / Formula 1

Michael Schumacher’s record for Ferraris auctioned is unbroken. But Sotheby’s sold Schumi’s 1998 Ferrari F300 at an auction in California for $6.22 million!

A must for classic car fans from around the world – Monterey Car Week. California showcased some of the world’s most luxurious cars from August 12-21, and winning the Pebble Beach beauty contest is like winning an Oscar for a classic car owner.

Cars are also regularly auctioned during Car Week, and this time Ferrari fans were very happy. Because Sotheby’s brought Michael Schumacher’s 1998 Ferrari F300 up for auction. With chassis 187, the German cruised to victory at the Grands Prix at Montreal, Magny-Cours, Silverstone and Monza.

The car remained in the hands of Ferrari after winning the Italian Grand Prix title, then it was sold to a collector who now wanted to pass it on.

Experts from Sotheby’s are expected to earn up to eight million euros. This would break the previous Formula 1 racing car record held by Michael Schumacher. Because in November 2017, the Ferrari F2001 with Michael Schumacher reached a staggering 7.504 million dollars (6.35 million euros)!

But it didn’t go this far: the F300 changed hands for $6.22 million.

When Michael Schumacher’s Ferrari F2001 was sold in New York for $7.5 million – chassis 211, with which the seven-time champion won races in Monaco and Hungary, among others – even Sotheby’s experts were floored. Experts had taken a sale price of around 3.5 million.

Of course, the Schumacher-Ferrari is not the most expensive car that has ever come under the hammer.

In 2014, a 1962 Ferrari GTO Berlinetta changed hands for $38,115 at an auction held by Bonhams, also in Monterey, California. The original owner Fabrizio Violati paid millions for the car in the 1960s, but in lira. At that time, 2.5 million Italian lira was equivalent to 16,000 common marks. That equates to 35,000 euros today!

Founded in London in 1744 (no brand), Sotheby’s has annual sales of nearly $900 million. Sotheby’s employs nearly 300 experts who look after nearly 70 collection areas; the most important of these are paintings, furniture, musical instruments, manuscripts, sculptures, carpets, wine, watches, jewellery, real estate and cars – including racing cars.