Michael Schumacher's 2003 Championship-Winning F1 Ferrari Sells For R260m

Michael Schumacher’s 2003 Championship-Winning F1 Ferrari Sells For R260m

At a recent RM Sotheby’s auction, the championship-profitable F1 auto driven by Michael Schumacher crossed the auction block and blew all expectations out of the drinking water.

The car in issue was a Ferrari F2003-GA, chassis #229. If you know your record, then you will also don’t forget that Schumacher drove this car to eighth location in the 2003 Japanese Grand Prix, securing him the 2003 Formula 1 Motorists Earth Championship.

Ex-racing cars and trucks are valued a minimal differently than normal autos. Their price is not just about general performance or specs, but about heritage and pedigree. This auction anxious a championship-profitable F1 motor vehicle from the most commemorated F1 workforce of all time, as pushed to various wins by just one of the most famous motorists of the sport. These aspects are what aided push chassis #229 from a $9.5 million valuation to a $14.8 million sale.

What makes this acquire even much more spectacular is the reality that the car has been preserved and overhauled by the Ferrari Classiche Office, and was marketed in fully-working get.

Clearly, the individual who forked out this sum of dollars is what we would simply call effectively which is a great point because the price does not conclusion there. According to a user on Reddit who owned a Ferrari F2003-GA it costs close to $1000 for every lap for private homeowners.

That is based on the selling price to regularly overhaul the engine, gearbox, and other elements. It does not acquire into account the essential price of Ferrari’s group to start and operate the car at the keep track of, nor crash problems, which can swiftly add up to hundreds of thousands of dollars or extra.