Auction

Someone Paid $7.5 Million For Michael Schumacher's 2001 Ferrari F1 Car

This is considered to be the most expensive modern era F1 car sold, but what's "modern era?"

Formula 1 legend Michael Schumacher suffered from a severe brain injury due to a skiing accident back in 2013, and he hasn’t been seen in public since. Although he’s no longer in a coma, Schumacher’s condition is still serious. But his legacy and popularity live on, as evidenced by the record price someone paid for the F2001 F1 car he drove during the 2001 F1 championship. The Ferrari was just one of Michael Schumacher’s F1 cars that’s been put up for auction, but this one went for a $7.5 million.

This is the most expensive modern-era F1 car, according to Sotheby’s. However, Sotheby’s doesn’t say what exactly dictates a “modern F1 car,” but the final sum is impressive enough. For comparison, a 2004 Schumacher F1 car was previously auctioned for just under $3.2 million. So why is this car worth more? Aside from being the car driven in the 2001 championship, it also won two of the three races it participated in. It’s also in racing condition and Ferrari is even helping its new owner with transportation and storage. Obviously Ferrari is fully aware of the car's place in motorsport history.

Sotheby’s also said a portion of the car’s sale proceeds will go to Michael Schumacher’s charity, Keep Fighting which fights for not only road safety, but also head safety. Photos courtesy of Sotheby’s.

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