26-05-2025
Schumacher's 2001 Ferrari auctioned for almost €16 million in Monaco
According to the New York Times, the initial price for the car was €8 million.
26 May 2025 03:33pm
According to the auction house RM Sotherbys, the winning bid was €15.98 million including fees. According to the New York Times, the initial price for the car was €8 million.
BERLIN - The Ferrari driven by Michael Schumacher on his way to the 2001 Formula One title was auctioned for just under €16 million (US$18.19 million) on the sidelines of the Monaco Grand Prix on Sunday, German Press Agency (dpa) reported.
According to the auction house RM Sotherbys, the winning bid was €15.98 million including fees. According to the New York Times, the initial price for the car was €8 million.
The newspaper said that the car was sold to one of the guests in the VIP area at the race track, where Lando Norris claimed the win.
With that car, seven-time world champion Schumacher won the Monaco race in 2001.
Still according to the New York Times, this was the highest price ever paid for a Ferrari Formula One car.
The overall record for a F1 car belongs to the Mercedes W196 driven by Juan Manuel Fangio and Sterling Moss in the 1950s. The vehicle was auctioned off this year for more than US$52 million.
Schumacher retired after the 2006 season, before coming back in 2010 for Mercedes. He then officially ended his career in 2012. - BERNAMA-dpa
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