Sotheby’s has sold Michael Schumacher’s Championship-winning Ferrari F2001 for $7,504,000 at its Contemporary Art Evening Sale.
The very car that helped seven-time world champion Michael Schumacher win both drivers’ and constructors’ championship in 2001 – Ferrari F2001, chassis 211 – was offered for auction by Sotheby’s in New York during its Contemporary Art evening sale. It sold for $7,504,000.
Championship-winning Formula 1 cars very rarely come onto the market, let alone cars from the modern era. But, a Ferrari that was driven by the most successful Formula 1 driver of all time? That’s something special, and this landmark sale makes Schumacher’s F2001 the most expensive modern-era Formula 1 car ever sold at auction.
Coming from an era that is now fondly remembered, the F2001 features a 3.0-litre naturally aspirated V10, which delivers its circa-900bhp at around 19,000rpm. It was estimated at $4,000,000-$5,500,000 pre-sale, however the strong bidding in the room saw a final amount of $7,504,000 raised – which includes the 12 percent buyer’s premium.
The previous record for a ‘modern era’ F1 car was also a Schumacher-driven Ferrari, but a more recent Ferrari F2004 sold for $3,198,500 at Sotheby’s Maranello sale in 2005.
A portion of the money raised will be donated to the Michael Schumacher’s Keep Fighting Foundation, which has been set up to channel positive energy received by Michael Schumacher and the Schumacher family as a force for good in the world.
RM Sotheby’s New York Legends auction will follow next month, taking place at the same location: Sotheby’s New York headquarters.