The German racing legend Michael Schumacher from 2001 Monaco and the Hungarian winner of the Grand Prix Car brought a stunning 18.17 million dollars at the auction of Formula One, organized by RM Sotheby’s 24 May, Reuters reported.
Ferrari Michael Schumacher, who won the fifth and last Monaco Grand Prix of the racer and his Hungarian Grand Prix in 2001 – the latter won his fourth world title F1, he added. It went under the hammer 24 May, before the Grand Prix qualified in Monaco 2025.
Especially before the auction estimates, the value of the vehicle nicknamed the “Crown Jewel”, to approximately 15 million euros ($ 16.9 million), according to the Bloomberg report.
Demand for F1 Memorabilia rising?
According to the Bloomberg report, the RM Sotheby auction had a number of F1 memorabilia in addition to Ferrari Michael Schumacher Ferrari and comes in the middle of a “wave” of similar high -ranking auctions, indicating demand for F1.
While such auctions are not new, the number of items on sale has risen sharply, he added.
- In April, McLaren-Honda Oneel’s Helm sold for nearly $ 1 million for nearly $ 1 million
- In 2023, the Bell HP77 Charles Leclerc sold for EUR 306,000 ($ 3,29,944) – a revival record holder.
- On May 4, more than 130 hunters of Memorabal F1 hunters sold applicants from 26 countries – they earned a total of 5,71,500 euros.
Ethan Gibson, a spokesman for RM Sotheby’s, said, “It was crazy. Ten years ago, it could such an object that, then very niche, I don’t think it would be very interested.”
“Increasing interest comes from those who think they make an investment that they can turn into a financial return. F1 signals the elite level of the buyer or collector or investor,” said Bloomberg Vincenzo Landino, who writes F1 Restack called Business of Speed.
(With the entry from agencies)
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