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Schumacher Ferrari fetches record $15 mn at auction

"This remarkable car has achieved a world record price for a modern-era Formula One," the Sotheby's auctioneer said after the F2003-GA, Chassis 229 car went under the hammer for 13 million Swiss francs ($13.2 million).

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Schumacher Ferrari fetches record $15 mn at auction

The Ferrari in which Formula One legend Michael Schumacher won the 2003 World Championship title sold for nearly $15 million at auction in Geneva on Wednesday.

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Schumacher Ferrari fetches record $15 mn at auction

"This remarkable car has achieved a world record price for a modern-era Formula One," the Sotheby's auctioneer said after the F2003-GA, Chassis 229 car went under the hammer for 13 million Swiss francs ($13.2 million).

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Schumacher Ferrari fetches record $15 mn at auction

When taxes and fees were added on, the final price stood at 14.6 million francs ($14.9 million), the auction house said later.

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Schumacher Ferrari fetches record $15 mn at auction

The previous record was held by another Schumacher-driven Ferrari, an F2001 model sold by Sotheby's in New York in 2017 for $7.5 million.

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Schumacher Ferrari fetches record $15 mn at auction

The final price, offered by an unidentified telephone bidder from Europe after a bidding war of more than 40 minutes, far outstripped expectations, with the auction house estimating before the sale that the car would fetch up to 9.5 million Swiss francs.

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Schumacher Ferrari fetches record $15 mn at auction

It is "one of the most significant Formula One cars of all time", the auctioneers said.

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Schumacher Ferrari fetches record $15 mn at auction

Schumacher, who has not been seen in public since suffering serious injuries in a skiing accident in 2013, raced nine times in the car.

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Schumacher Ferrari fetches record $15 mn at auction

'Very important car'

He won five Grands Prix with it in the 2003 season and drove it when he clinched the title in Japan.

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Schumacher Ferrari fetches record $15 mn at auction

"It's one of the Ferraris with the most victories in the constructor's history, so it's a very important car in the history of motor racing," Vincent Luzuy, from the Sotheby's branch dealing with luxury car sales, told AFP.

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Schumacher Ferrari fetches record $15 mn at auction

Designed by Rory Byrne and Ross Brawn, the F2003-GA featured a longer wheelbase to improve aerodynamics, he explained.

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Schumacher Ferrari fetches record $15 mn at auction

The model was brought in at the Spanish Grand Prix, the fifth race of the 2003 season. Chassis 229 is by far the most successful of the six F2003-GAs that were built.

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Schumacher Ferrari fetches record $15 mn at auction

Schumacher drove it to victory in Spain and also won the Austrian, Canadian, Italian and US Grands Prix in the car.

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Schumacher Ferrari fetches record $15 mn at auction

He also claimed pole position in Spain, Austria and Italy in the vehicle, and the fastest laps in Austria, Italy and the United States.

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Schumacher Ferrari fetches record $15 mn at auction

The car powered Schumacher to his sixth F1 title -- a total that saw the German overtake the five won by Argentina's Juan Manuel Fangio in the 1950s.

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Schumacher Ferrari fetches record $15 mn at auction

It also helped Ferrari win a 13th constructor's championship -- the Italian team's fifth in a row.