BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Michael Schumacher’s car fetches $7.5m at auction
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Car News > Michael Schumacher’s car fetches $7.5m at auction
Car News

Michael Schumacher’s car fetches $7.5m at auction

Loknath Das
Last updated: 2017/11/22 at 5:49 PM
Loknath Das Published November 22, 2017
Share
2 Min Read
SHARE

New York: An F1 Ferrari car piloted to victory by Michael Schumacher at the 2001 Monaco Grand Prix brought an impressive $7.5 million at a contemporary art auction in New York late last week, held by RM Sotheby’s.

The 2001 car was offered in a string of Basquiats and Warhols as part of the auction house’s Contemporary Art Evening Sale, hailing from the tail end of a fondly-remembered era of Formula 1 – and not just because it was still the age of 900-hp 3.0-liter V10s, according to Autoweek website.

Schumacher drove chassis 211 to his fourth Formula One World Championship, which coincided with Ferrari clinching the constructor’s championship that very same year. The year 2001 also marked Schumacher’s last victory in Monte Carlo, a race in which Ferrari teammate Rubens Barrichello came in a close second.

The seventh race of the season, the Monaco GP was also the fourth victory that season for Schumacher after triumphs at the Australian, Malaysian and Spanish GP .

“This F2001, then, is a car of tremendous historic importance to the driver, the enthusiast, the Grand Prix circuit and indeed the brand that is the black Prancing Horse of Maranello,” RM Sotheby’s said.

“After warm-up and qualifying stints at Barcelona, Montreal, the Nurburgring, Magny-Cours, Spa-Francorchamps and Monza, this was very the same chassis driven to victory at both Monaco and the Hungaroring. In this regard, then, it is unequivocally the perfect car, driven by the perfect driver in a perfect performance to achieve the greatest glory imaginable in a driver’s career: victory at the Monaco Grand Prix and therefore the title of Formula 1 World Champion.”

Estimated by RM Sotheby’s to bring between $4 million and $5.5 million, the car ended up selling for $2 million above the top estimate. Curiously enough, since this was a high-end art auction, the car was not the top-selling lot of the event: Several paintings brought amounts higher than Schumi’s car. Agencies

[“Source-telegraphindia”]

You Might Also Like

Belfius Protection and the Belgian sovereign asset set to put €13M

What makes the goodwood recovery so damn cool

How 4D imaging radar sensors can be validated

Volvo to locally assemble the XC40 Recharge

GoDaddy Develops Search Engine Visibility at the Touch of a Button

TAGGED: $7.5m, at, Auction, car, fetches, Michael, Schumacher's
Loknath Das November 22, 2017
Share this Article
Facebook Twitter Email Print
Share
Previous Article Hyundai set to unwrap new family car next year. Could it be the all-new Santro?
Next Article Spain’s Economy to Count the Cost If Catalan Crisis Continues

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Recent Posts

  • Why a cutting-edge billing system is essential in 2025: Accelerate Your Telecom Growth
  • 5 things to know in life sciences: Week of April 21, 2025

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?