Michael Schumacher’s iconic 1998 Ferrari fetches over £5m at auction, beating Lewis Hamilton and taking the funds raised by the legend’s cars to almost £17m
Michael Schumacher’s legendary 1998 Ferrari has sold at auction for over £5million.
The German driver, who is considered one of the greatest of all time, raced the iconic F300 where he boasted a 100% win record.
Schumacher has taken part in this edition four times, taking to the track in Canada, France, Silverstone and Monza, winning them all.
Unfortunately, that wasn’t enough to win the world championship in 1998, with Schumacher being beaten by Mika Hakkinen.
With chassis number 187, a full three-litre V10 engine and 800 brake horsepower, the car was sold by Sotheby’s Auction House in Monterey, Mexico for a total sum of £5,272,818.
Schumacher’s 1998 car is now the fourth most expensive Formula 1 vehicle to come to auction, with the German legend now responsible for driving three of the top four vehicles.
His 2002 Ferrari F2002 was sold by Sotheby’s in 2019 in Abu Dhabi for £5,490,062, while his 2001 Ferrari F2001 was sold by Sotheby’s in 2017 in New York for £6,200,930.
As a result, the three Schumacher cars that made it to auction sold for a staggering £16,963,810.
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Top 5 F1 cars sold at auction
Top 5 F1 cars sold at auction
5. Lewis Hamilton – 2010 McLaren-Mercedes MP4-25 – £4,836,000
4. Michael Schumacher – 1998 Ferrari F300 – £5,272,818
3. Michael Schumacher – 2002 Ferrari F2002 – £5,490,062
2. Michael Schumacher – 2001 Ferrari F2001 – £6,200,930
1. Juan Manuel Fangio – 1954 Mercedes W196R – £24,501,356
Lewis Hamilton’s 2010 McLaren-Mercedes MP4-25 is fifth on the list after being sold by Sotheby’s in 2021 at Silverstone for £4,836,000.
However, the most expensive F1 car to come to auction was the 1954 Mercedes W196R driven by Juan Manuel Fangio as he won the title.
It was sold by Bonham’s at the 2013 Goodwood Festival of Speed for £24,501,356.
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