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The Citizen
6 days ago
- Automotive
- The Citizen
Michael Schumacher's legendary F2001 F1 car smashes record at auction
Michael Schumacher's 2001 championship-winning Ferrari F2001 has become the most expensive Formula 1 car driven by the F1 legend to be sold publicly; having fetched an astonishing $18.17m (around R324.24m) at a recent RM Sotheby's auction in Monaco. This particular F2001 is considered one of the most historically significant cars driven by Schumacher over his F1 career, as it played a critical role in his dominant 2001 season, where he secured a memorable win at the Monaco Grand Prix, a race that marked Schumacher's fifth and final victory on the notoriously challenging street circuit. Later that same year, the car carried him to another victory at the Hungarian Grand Prix, where he clinched his fourth F1 World Championship title. Adding to this racer's historical value, the F2001 was also the last Ferrari to win the Monaco Grand Prix in a championship-winning season for the Scuderia. Related: The Changing of the Guard – Michael Schumacher The F2001's sale has broken the previous record for a Schumacher-driven F1 car, which was held by his 2003 Ferrari F2003. The latter car sold for $13.2m in 2022. This latest transaction now ranks the F2001 as the fourth most expensive F1 car ever auctioned. Only a few cars in F1 history have commanded more, with the current record held by the 1955 Mercedes-Benz W196 streamliner, famously driven by Juan Manuel Fangio and Stirling Moss, which sold for a staggering $52.52m earlier this year. A portion of the auction proceeds from the F2001's sale will benefit the Keep Fighting Foundation, a charitable organisation created to honour Schumacher's legacy and continue his philanthropic work. Now 56 years old, Schumacher remains a defining figure in F1. Click here and browse thousands of new and used vehicles here with CARmag! The post Michael Schumacher's Legendary F2001 F1 Car Sells For a Whopping R324 Million appeared first on CAR Magazine.
Mint
25-05-2025
- Automotive
- Mint
Formula One legend: THIS 2001 world title Ferrari sold for a record $18.17 million at F1 auction — here's why
German racing legend Michael Schumacher's 2001 Monaco and Hungarian Grand Prix winner car has fetched a mind-boggling $18.17 million at a Formula One auction held by RM Sotheby's on May 24, Reuters reported. Michael Schumacher's F2001 Ferrari, which won the racer's fifth and final Monaco Grand Prix and his Hungarian Grand Prix in 2001 — the latter clinched his fourth F1 world title, it added. It went under the hammer on May 24, ahead of the 2025 Monaco Grand Prix qualifier. Notably, prior to the auction, estimates had pinned the value of the vehicle, nicknamed the 'Crown Jewel', at around €15 million ($16.9 million), as per a Bloomberg report. The F2001 is the most expensive F1 vehicle driven by Michael Schumacher to be sold at auction, as per the Reuters report. This car's $18.17 million price tag has dethroned a previous record held by Michael Schumacher's vehicle itself — $13.2 million for the legendary racer's 2003 Ferrari F2003 in 2022. It is also now the fourth-most expensive F1 car ever sold. The world for the most expensive F1 car ever sold is for $52.52 million spent on a Mercedes W196 streamliner that was driven by Formula One legends Juan Manuel Fangio and Stirling Moss in the 1950s. This was also sold earlier in 2025. According to the Bloomberg report, the RM Sotheby's auction had a host of F1 memorabilia on sale besides Michael Schumacher's F2001 Ferrari, and comes amid a 'wave' of similar high-profile auctions indicating demand for F1 momentos. While such auctions are not new, the number of items on sale has skyrocketed, it added. In April, Ayrton Senna's McLaren-Honda Formula One helmet sold for almost $1 million In 2023, Charles Leclerc's Bell HP77 sold for €306,000 ($3,29,944) — the revious record holder. On May 4, Broad Arrow Auctions sold over 130 lots of F1 memorabilia to bidders from 26 countries — making €5,71,500 in total. Speaking to Bloomberg, Ethan Gibson, a spokesperson for RM Sotheby's said, 'It was insane. Ten years ago the auction house might not have even offered such an object. F1 was just very niche back then. I don't think they would have had a lot of interest.' 'The increase of interest comes from those thinking they're making an investment that they can turn into a financial return. F1 signals a more elite tier of buyer or collector or investor,' Vincenzo Landino, who writes an F1 substack called Business of Speed told Bloomberg. (With inputs from Agencies)
TimesLIVE
23-05-2025
- Automotive
- TimesLIVE
‘Crown jewel' Schumacher Ferrari F1 car up for auction at Monaco GP
As motorsport fans prepare to tune into the Monaco Grand Prix this weekend, auction house RM Sotheby's has announced the availability of the 2001 Michael Schumacher Formula One car on the sidelines. The German record title holder won the Monaco Grand Prix of the same year and also clinched the world championship in the same season, his fourth, in the Chassis 211 car on sale. Though not the primary car for the 2001 season, it is regarded as the crown jewel among all Schumacher F1 cars. Schumacher relied mostly on Chassis 210, part of a range of cars masterminded by Jean Todt, Ross Brawn and Rory Byrne — a collective known as the super team. Chassis 211 is the final Ferrari F1 car to win in Monaco in a championship-winning year, in a race where Schumacher pipped two-time champion Mika Häkkinen, Ferrari teammate Rubens Barrichello, Juan Pablo Montoya, Jos Verstappen (father of Max) and younger brother Ralf Schumacher. It comes from the golden era of screaming V10 engines, with an output of 611kW at an incredible 17,000rpm. Notable achievements include pole position and winning the 2001 Hungarian Grand Prix, but it was the reigning F1 world champion's stunning Monaco 2001 drive in the car that's for the books. A weekend of attrition started out with a messy qualification for Schumacher, resulting in a damaged suspension after brushing the barrier to avoid the Arrows of Enrique Bernoldi. This forced a car change into Chassis 211, but David Coulthard had capitalised, snatching a pole position start. Schumacher lined up in second position for the Sunday race but with a clear view ahead after Coulthard's McLaren experienced launch control failures on the formation lap, killing the engine. The Scot joined up at the back. The starting grid included Finnish driver Häkkinen in third, Barrichello in fourth and Ralf in fifth. The German driver launched the F2001 strongly and had cemented first place entering the Sainte Devote Corner, the first challenge drivers must face on the Monaco circuit. Despite setting some of the fastest laps on the day, Häkkinen had no reply to Schumacher and lost the position to Barrichello on lap 8. Schumacher went on to extract an 18-second gap from the rest and also closed to lap Coulthard by lap 25. He slowed down to allow Barrichello to catch up for a dramatic Ferrari 1-2 finish. Chassis 211 remained on the sidelines after Monaco, serving as a standby for the Canadian Grand Prix. It was called into action in qualifying, though, after Barrichello connected with the 'Wall of Champions'. Schumacher again climbed into chassis 211 for the warm-up laps before the European and French Grands Prix before returning to F2001 210. A niggle in the seven-speed semi-automatic sequential gearbox struck the 210 on the parade lap at Hockenheim and 211 was called back into action but failed to finish owing to a fuel pressure fault. Chassis 211 was back in action at Hungary and took the win. It would prove to be the only Ferrari aboard which Schumacher won the Monaco Grand Prix and Drivers' Championship in the same season. It's the most sought-after of all F2001s and was recently subject to a major overhaul by the factory in 2025.
Yahoo
15-05-2025
- Automotive
- Yahoo
Formula 1: Oscar Piastri wins Saudi Arabian Grand Prix to take over points lead
Oscar Piastri has his first lead in the Formula 1 world championship. Piastri took advantage of Max Verstappen's five-second time penalty at the first corner of the race to take the lead during the race's only green-flag pit stop cycle and win Sunday's Saudi Arabian Grand Prix. The victory moves Piastri ahead of McLaren teammate Lando Norris for the top spot in the points standings as both drivers are ahead of Verstappen in third. Verstappen won pole on Saturday ahead of Piastri as Norris crashed in the final round of qualifying and had to start 10th. Piastri got a better start and was even with Verstappen going into the first corner. Verstappen was on the outside and drove off the track before accelerating away ahead of a crash between Yuki Tsunoda and Pierre Gasly that brought out a safety car. Stewards determined that Verstappen had gone off the track and gained an advantage, so he was penalized five seconds at his pit stop. Piastri pitted before Verstappen did, and was able to eventually take a lead of just under four seconds over Verstappen after Verstappen made his pit stop. Verstappen finished second as Norris was fourth behind Charles Leclerc as Ferrari earned its first podium of the season. Mercedes' George Russell finished fifth despite a late tire wear issue that forced him to slow considerably in the waning laps. Piastri now leads Norris by nine points and Verstappen by 12 points in the standings after the Saudi Arabia race. And Piastri has three wins to Norris' two through the first six races of the season. The only race McLaren hasn't won so far came in Japan, when Verstappen won a procession from the pole. Assuming McLaren will continue to have the fastest cars throughout 2025 — and there's no current reason to think they won't — the success of both drivers may raise a conundrum for the team. Will McLaren let the drivers race each other straight up or will the team favor one over the other? The team didn't exactly favor Norris very smoothly a season ago. As Norris was mounting a title challenge to Verstappen and had passed Piastri via pit strategy in the Hungarian Grand Prix, McLaren forced Norris to move over for Piastri to get the win. It was the team's first 1-2 finish since 2021. And it cost Norris in the driver's standings. Norris lost seven points by moving over. Yes, Verstappen clinched his fourth consecutive world title with multiple races to go. The seven points ultimately didn't matter. But Red Bull looked vulnerable over the summer and fall after a dominant start. Norris was the only driver who was pushing Verstappen in the standings. Even though he's 12 points back, Verstappen should still be considered the driver to beat until someone else wins the driver's title. But both Piastri and Norris have the best chance to beat Verstappen since Lewis Hamilton did in 2021. It's up to the team to not screw it up for either of them. 1. Oscar Piastri, McLaren 2. Max Verstappen, Red Bull 3. Charles Leclerc, Ferrari 4. Lando Norris, McLaren 5. George Russell, Mercedes 6. Kimi Antonelli, Mercedes 7. Lewis Hamilton, Ferrari 8. Carlos Sainz, Williams 9. Alex Albon, Williams 10. Isack Hadjar, RB 11. Fernando Alonso, Aston Martin 12. Liam Lawson, RB 13. Ollie Bearman, Haas 14. Esteban Ocon, Haas 15. Nico Hulkenberg, Sauber 16. Lance Stroll, Aston Martin 17. Jack Doohan, Alpine 18. Gabriel Bortoleto, Sauber Not Classified; Yuki Tsunoda (Red Bull), Pierre Gasly (Alpine)
Yahoo
05-05-2025
- Automotive
- Yahoo
Formula 1: Oscar Piastri wins Saudi Arabian Grand Prix to take over points lead
Oscar Piastri has his first lead in the Formula 1 world championship. Piastri took advantage of Max Verstappen's five-second time penalty at the first corner of the race to take the lead during the race's only green-flag pit stop cycle and win Sunday's Saudi Arabian Grand Prix. The victory moves Piastri ahead of McLaren teammate Lando Norris for the top spot in the points standings as both drivers are ahead of Verstappen in third. Verstappen won pole on Saturday ahead of Piastri as Norris crashed in the final round of qualifying and had to start 10th. Piastri got a better start and was even with Verstappen going into the first corner. Verstappen was on the outside and drove off the track before accelerating away ahead of a crash between Yuki Tsunoda and Pierre Gasly that brought out a safety car. Stewards determined that Verstappen had gone off the track and gained an advantage, so he was penalized five seconds at his pit stop. Piastri pitted before Verstappen did, and was able to eventually take a lead of just under four seconds over Verstappen after Verstappen made his pit stop. Verstappen finished second as Norris was fourth behind Charles Leclerc as Ferrari earned its first podium of the season. Mercedes' George Russell finished fifth despite a late tire wear issue that forced him to slow considerably in the waning laps. Piastri now leads Norris by nine points and Verstappen by 12 points in the standings after the Saudi Arabia race. And Piastri has three wins to Norris' two through the first six races of the season. The only race McLaren hasn't won so far came in Japan, when Verstappen won a procession from the pole. Assuming McLaren will continue to have the fastest cars throughout 2025 — and there's no current reason to think they won't — the success of both drivers may raise a conundrum for the team. Will McLaren let the drivers race each other straight up or will the team favor one over the other? The team didn't exactly favor Norris very smoothly a season ago. As Norris was mounting a title challenge to Verstappen and had passed Piastri via pit strategy in the Hungarian Grand Prix, McLaren forced Norris to move over for Piastri to get the win. It was the team's first 1-2 finish since 2021. And it cost Norris in the driver's standings. Norris lost seven points by moving over. Yes, Verstappen clinched his fourth consecutive world title with multiple races to go. The seven points ultimately didn't matter. But Red Bull looked vulnerable over the summer and fall after a dominant start. Norris was the only driver who was pushing Verstappen in the standings. Even though he's 12 points back, Verstappen should still be considered the driver to beat until someone else wins the driver's title. But both Piastri and Norris have the best chance to beat Verstappen since Lewis Hamilton did in 2021. It's up to the team to not screw it up for either of them. 1. Oscar Piastri, McLaren 2. Max Verstappen, Red Bull 3. Charles Leclerc, Ferrari 4. Lando Norris, McLaren 5. George Russell, Mercedes 6. Kimi Antonelli, Mercedes 7. Lewis Hamilton, Ferrari 8. Carlos Sainz, Williams 9. Alex Albon, Williams 10. Isack Hadjar, RB 11. Fernando Alonso, Aston Martin 12. Liam Lawson, RB 13. Ollie Bearman, Haas 14. Esteban Ocon, Haas 15. Nico Hulkenberg, Sauber 16. Lance Stroll, Aston Martin 17. Jack Doohan, Alpine 18. Gabriel Bortoleto, Sauber Not Classified; Yuki Tsunoda (Red Bull), Pierre Gasly (Alpine)
