logo
Brawn GP's 2009 Championship-Winning F1 Car Sold For $3.8 Million At Miami Grand Prix

Brawn GP's 2009 Championship-Winning F1 Car Sold For $3.8 Million At Miami Grand Prix

Forbes04-05-2025

The 2009 championship-winning Brawn GP Formula 1 car was sold this weekend at the 2025 Miami Grand Prix.
The Brawn BGP001 chassis 001/01 is one of the only three cars ever built by the team that year and is the only Brawn vehicle to be sold publicly, fetching $3.8 million.
The auction was hosted by Bonhams in collaboration with South Florida Motorsports, the organizers of the Miami Grand Prix, and it took place on Saturday evening right in front of the Miami podium at Hard Rock Stadium.
'This car represents the ultimate Formula 1 fairy tale – a revolutionary design that redefined what was possible,' said Louis Frankel, Miami's head of sales for Bonham|Cars, ahead of the auction.
'Chassis 001/01 is a piece of motorsport history, and its offering at auction is sure to captivate collectors worldwide. We are honoured to present this unrepeatable opportunity over the Miami Grand Prix, a stage befitting its legendary status.'
Chassis 001/01 was used by Rubens Barrichello in all but seven races in 2009 and it was then gifted to world champion Jenson Button at the end of the season.
It is currently equipped with period-correct Bridgestone slick tires and has its race-used 2.4-liter Mercedes-Benz V8 engine but lacks gearbox internals.
Brawn GP has one of the most incredible stories in the history of the sport. It's the only team to have won both the constructors' and drivers' championships in its debut season, having secured both titles in its only year in F1 in 2009 with a minuscule budget compared with its rivals.
A year earlier, in 2008, Honda made a decision to pull the plug on its F1 team which had been running since 2006. The global financial crisis and the lack of much success on the track forced the Japanese marque's hand.
But the struggling team was lucky to have Ross Brawn on board during this tough time. He was brought in by senior manager Nick Fry to serve as the team's technical director.
Brawn was already a big name in motorsport, having led TWR-Jaguar to victory in the Sports Car World Championship in 1991. He then moved to Benetton where he oversaw Michael Schumacher's first two world titles before joining the German legend at Ferrari and witnessing the team secure six titles in a row.
As the clock was ticking down and the new season was fast approaching without an owner in sight, Brawn and Fry decided to take a huge gamble to rescue the team, purchasing Honda's F1 operation for a dirt-cheap price of £1 and rebranding it Brawn GP.
Even though they purchased it for nothing, they still needed funding and deals to get the team back on its feet. They managed to secure a last-minute deal with Mercedes-Benz for engines and signed on a few brave sponsors willing to take such a big risk.
Brawn was able to retain Button and Barrichello's services, and while they had hardly any time to test the cars before the 2009 season began, they put their faith in Brawn and his newly formed squad.
Fortune then smiled upon them when engineer Saneyuki Managawa found a loophole in the 2009 regulations that allowed them to build a double diffuser. They soon knew that they created a beast of a car when they later took the BGP01 chassis 001 - the one sold at auction - to the track to be tested by Button.
In the 2009 season opener in Melbourne, Brawn GP stunned everyone with a one-two finish headed by Button. It wasn't a stroke of luck however as the Brit went on to clinch his second victory of the season in a rain-shortened race in Malaysia, finishing 22.722 seconds ahead of Nick Heidfeld of BMW Sauber.
After securing third in the following round in China, Button brought home four straight wins from Bahrain to Turkey. And while those were his last wins of the season with ten races still to go, Barrichello netted two more victories for the team.
Thanks to 15 podium finishes throughout the season, the outfit claimed its sole constructors' championship with 172 points, beating Red Bull by 18.5 points. Button took home his and the team's first and only drivers' title with 95 points - 11 points clear of Sebastian Vettel.
Brawn GP, the team that was born from the ashes of Honda and achieved the unthinkable, was then sold to Mercedes at the end of the 2009 season.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You
Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You

Yahoo

time23 minutes ago

  • Yahoo

Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You

With high interest rates and inflation posing a threat to your savings, dividend-paying REITs have become a go-to choice for investors seeking passive income. REIT managers have been restructuring their portfolios in both the retail and industrial space. However, only a handful check all the crucial boxes of reliable distributions and a resilient portfolio. Here are four Singapore REITs for investors seeking to enhance their income stream. Keppel DC REIT or KDCR, is a sector-specific REIT in data centre infrastructure across the Asia-Pacific and Europe. As of the end of 2024, KDCR's assets under management (AUM) has seen substantial growth to about S$5 billion which is about five times its AUM when it had its initial public offering in 2014. For the first quarter of 2025 (1Q 2025), KDCR's distributable income increased by 59.4% year-on-year (YoY) and its distribution per unit (DPU) increased by 14.2% YoY. In 1Q 2025, KDCR also has a high portfolio occupancy of 96.5%. In March 2025, KDCR realised a profit from the divestment of Kelsterbach Data Centre, giving it more financial flexibility. Moving forward, KDCR acknowledges the high opportunity for growth from strong demand for data centres as the Artificial Intelligence (AI) industry scales. KDCR has a healthy debt profile with only 2.2% of its debt maturing in 2025. KDCR's DPU is also less sensitive to a change in interest rates with a 0.5 percentage point increase in interest rates resulting in a low 1.1% decline for its 1Q 2025 DPU. Capitaland Ascott Trust or CLAS, is the largest lodging trust in the Asia-Pacific with S$8.9 billion in total assets. CLAS has a geographically diverse portfolio with properties spanning across 46 cities in 16 countries. For 1Q 2025, the trust enjoyed a strong performance from its stable income sources such as master leases which make up 70% of its gross profit. CLAS also experienced a 4% YoY growth of its gross profit. In 1Q 2025, CLAS made two strategic acquisitions of Japanese hotels. This acquisition not only increased CLAS' market exposure in Japan but also increased its distribution per stapled security by 1.6% on a 2024 pro forma acquisition also improved the trust's portfolio as the blended net operating income (NOI) of the acquired hotels was over two times that of the NOI of divested properties in 2024. Macroeconomic challenges such as Trump's tariffs are also mitigated by CLAS due to a highly diversified portfolio in terms of properties and countries, thus reducing concentration mitigation strategies hedge against foreign currency and interest rate risk as well as a reduction in lodging demand due to rising costs. AIMS APAC REIT or AAREIT, is an industrial REIT with a portfolio consisting of properties in Australia and Singapore. For fiscal year 2025 (FY2025) ending 31 March 2025, AAREIT demonstrated a promising net property income growth of 2.1% YoY and a DPU growth of 2.6% YoY to S$0.096. AAREIT also has a high occupancy rate of 93.6%. AAREIT has several Asset Enhancement Initiatives (AEIs) such as the revitalisation of Optus Centre Campus in Macquarie Park,Australia, which will increase the functionality of the event space. By doing so, the Campus will appeal to a wider range of tenants and improve long term tenant retention. AAREIT also has a healthy portfolio weighted average lease expiry (WALE) value of 4.4 years which makes for a smoother and more predictable rental income stream. As of FY2025, AAREIT has total gross debt of S$582 million with no refinancing required for FY2026. Frasers Centrepoint Trust, or FCT, is a retail REIT which owns primarily suburban retail malls in Singapore. For the first half of fiscal 2025 (1H FY2025), FCT reported a YoY increase of 7.3% in net property income and a 0.5% YoY increase in DPU to S$0.0605. Its retail malls showed an increase in shopper traffic and tenants' sales by 1% YoY and 3.3% YoY, respectively. For 1H FY2025, FCT's debt profile is healthy with an aggregate leverage of 38.6% and a cost of debt decreasing by 0.1% quarter-on-quarter to 3.9%. The retail REIT also has a well-spread debt maturity profile and a stable credit rating. FCT has active AEIs with the recent completion of the AEI for Tampines 1 and the commencement of the AEI of Hougang had 41 new-to-portfolio tenants in 1H FY2025 such as Munchi Pancakes at NEX and Honor at Causeway Point. The trust also has several new-to-market tenants upcoming such as OH!SOME at Suntec City and KKV at Tiong Bahru Plaza. These efforts to revamp the malls and introduce new tenants allow FCT's malls to stay relevant, increasing foot traffic and improving tenant retention. With the increasing number of new homes around its malls as well as increasing household income, FCT sees an increase in future consumer spending resulting in long-term growth for retail spaces. In an environment where economic uncertainty is a primary concern, dividend reliability matters more than ever. These four REITs exhibit not only dependable dividend payments but also sound capital management and growth potential. Whether you are a seasoned income investor or just starting out, these REITs deserve to be in your dividend portfolio. When the market is unpredictable, where can you park your money with confidence? Our latest FREE report reveals 5 Singapore dividend-payers built to withstand global storms. Get it now and see what's still worth holding. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Gabriel Lim does not own shares of any of the companies mentioned. The post Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You appeared first on The Smart Investor.

Musk and the Millers Got Cozy Outside the White House
Musk and the Millers Got Cozy Outside the White House

Yahoo

time27 minutes ago

  • Yahoo

Musk and the Millers Got Cozy Outside the White House

During happier times at the White House, Elon Musk was known to spend large amounts of time with Stephen Miller and his wife, Katie, even outside of work. Katie Miller, an aide in the Department of Government Efficiency, was with Musk 'almost all the time' while he was at the White House, before opting to follow him out the door last month, The Wall Street Journal reports. Her departure is thought to have caused friction among White House officials. Miller was reportedly on Musk's payroll the entire time, even when her official role was as a special government employee, according to Politico's Playbook. 'And, like … who was she looking out for?' one unnamed administration official said. The idea that Stephen Miller, the White House deputy chief of staff, was a close companion of Musk now seems far-fetched. The two have since had a public falling-out after Musk condemned President Donald Trump's One Big Beautiful Bill Act as a 'pork-filled' spending bill and a 'disgusting abomination.' Miller, one of Trump's most loyal allies, fired back with a thinly veiled attack on Musk on X on Thursday, writing: 'The only 'new' spending in the bill is to defend the homeland and deport the illegals—paid for by raising visa fees. All the other provisions? Massive spending cuts. There is no 'pork' in the bill. Just campaign promises.' Musk unfollowed Stephen Miller on social media around the same time his attacked him online. The Journal highlighted the fallout between Musk and Miller as yet another example of Musk burning bridges and irritating allies during his stint in the White House. Of course, there was an even more explosive falling-out between Musk and another former close ally on Thursday. The simmering tensions between Musk and President Donald Trump reached boiling point with an extraordinary back-and-forth playing out on social media. Trump lashed out at Musk for opposing his One Big Beautiful Bill Act and accused him of going 'crazy' over his plans to eliminate the electric vehicle (EV) mandate implemented under the Biden administration. Trump also suggested that the quickest way to save billions in federal spending would be to terminate the government subsidies and contracts awarded to Musk's tech companies. Earlier in the day, Trump told reporters during an Oval Office meeting with German Chancellor Friedrich Merz that he believes Musk has 'TDS [Trump Derangement Syndrome].' Responding with a furious post, Musk claimed on X: 'Without me, Trump would have lost the election,' and reposted in agreement a call for the president to be impeached and replaced with JD Vance. He also warned that Trump's import tariffs would trigger a recession later this year. Musk then dropped a 'really big bomb' in the spiralling feud. 'Trump is in the Epstein files. That is the real reason they have not been made public,' Musk wrote. It is well known that Trump and billionaire child sex offender Jeffrey Epstein, who died by suicide in 2019, were at least acquaintances. Epstein partied with Trump at his Mar-a-Lago resort in the 1990s, and Trump flew on Epstein's private jet multiple times during that period. The two reportedly fell out around 2004 over a property dispute in Palm Beach, Florida. There is no evidence Trump was connected to or aware of Epstein's crimes. In a statement regarding the public falling-out, White House press secretary Karoline Leavitt said: 'This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted.' 'The president is focused on passing this historic piece of legislation and making our country great again.'

Yageo to meet with Japan's Shibaura Electronics in mid-June
Yageo to meet with Japan's Shibaura Electronics in mid-June

Yahoo

time37 minutes ago

  • Yahoo

Yageo to meet with Japan's Shibaura Electronics in mid-June

KAOHSIUNG, Taiwan (Reuters) -Taiwan's Yageo will meet with Japan's Shibaura Electronics in the middle of this month in Tokyo to discuss cooperation, Yageo's chairman said on Saturday. Pierre Chen was speaking to reporters at an event in Kaohsiung, Taiwan. Yageo, the world's largest maker of chip resistors, announced an unsolicited tender offer for Shibaura Electronics in February, aiming to acquire full control of the Japanese manufacturer that specialises in thermistor technology. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store