18 April, 2018

Michael "Schumi" Schumacher's F1 Car Races to Record Price in Auction

Read time 4-5 minutes

The F2001, the Ferrari challenger for the 2001 F1 World Championship was recently sold at auction in New York by RM Sotheby's during their Contemporary Art evening and became a record for a modern F1 car.

The F1 car reached $7.5m after a fierce 6-minute war between 8 bidders that almost doubled its pre-sale estimate of $4m.

The car sports a ferocious 900hp, 3-litre V10 engine which powered the Italian stable to 9 wins in that season to help Schumacher win his 4th World Championship crown.

Trivia - It was a dominating season as Schumi amassed almost twice as many points as second-placed David Coulthard.

The Man, the legend

One of the most famous F1 drivers of all time whose records still dominate the history of F1 to this day, Michael Schumacher first experienced racing when his father fitted a motor to his pedal kart. The future seven-time F1 world champion crashed into a lamppost!

What followed was a journey leading to the pinnacle of motorsport buoyed by wins in German and European karting before winning the German F3 championship which helped to bolster his credentials.

Schumacher's F1 Debut

In 1991, Schumacher made his debut at the Belgian GP with Jordan before moving to Benetton the next year where he tasted his first glory in F1 by winning the 1992 Belgian GP and going even further by winning the 1994 and 1995 F1 World Championships.

Possessing a natural talent for racing only surpassed by his determination to always improve, he was able to set himself apart from the other drivers and enable him to stay at the top for most of his career.

The annual Formula One World Drivers' Championship started in 1950 and has been won by 32 drivers. 15 of these drivers have won more than one championship. Of these multiple-winning champions, Juan Manuel Fangio held the record with 5 wins which stood for five decades until Michael Schumacher won 7.

Trivia - Michael Schumacher has won 91 Grand Prix races which is 40 wins more than second-placed Alain Prost.

Historic Move to Ferrari

He moved to Ferrari in 1996 and the rest is well documented. In 2000, his move to Ferrari paid dividends as he became their first champion in over 20 years. He went on to win 5 World Championships and 6 Constructor's Championships for the prancing horse as they dominated the early-mid 2000's.

Trivia - During the 2002-winning season for Ferrari, Michael Schumacher was on the podium for every one of the 17 races!

Final Words

The winning bidder will be buying a piece of F1 history and what's even more remarkable is that it still works! and can be used at Ferrari-approved circuits. 

If you don't want to see the car in a climate controlled environment then Ferrari can transport it to their track events where customers can race their track-only cars. You'll be supported by a team of engineers.

The best part of the auction is the fact that a portion of proceeds will be donated to the Michael Schumacher's Keep Fighting Foundation after the Former F1 driver was involved in a skiing incident.

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Schumacher 2001 F1 Car Sells for $7.5m
Schumacher 2001 F1 Car Sells for $7.5m
Schumacher 2001 F1 Car Sells for $7.5m