Michael Schumacher's 2001 Ferrari auctioned for record-breaking $7.5 million
Seven-time Formula 1 champion Michael Schumacher's 2001 title-winning Ferrari was auctioned in New York's Sotheby's Contemporary Fine Art auction house on November 16.
The F2001 chassis was tagged with an estimated selling price between $4 million to $5.5 million. However, after a fierce six-minute battle among eight bidders - it rose to an ultimate price of $7.5 million.
So much so, the $7.5 million auctioned price was declared as a world record for a modern-day F1 car, with the bidders being represented by both RM Sotheby’s and Sotheby’s specialists.
It was a rare occasion - presumably the first time - when a fully-functional F1 car was presented in an art auction, even though the car is no work of an art.
Sotheby's senior Vice President Gregoire Billault admitted to the above notion, but he was quoted that the 2001 Ferrari was 'the very best racing car ever sold at an auction, which captures the beauty of speed.'
The 2001 Ferrari claimed the constructors' title along with Schumacher's drivers' title, while its second driver Rubens Barrichello finished in third. It took a total of nine wins, including the famous Monaco Grand Prix, and had 15 podiums finishes - between the two drivers.
It was a dominant display from Schumacher, who sealed his fourth title in the 13th round itself with four races to spare, ending the season with 123 points which was nearly double of what his title-rival McLaren-Mercedes' David Coulthard (65 points) could manage.