Recently hailed as the greatest Formula 1 driver of all time in a poll, Schumacher has a legacy in the sport few can match. So when one of his Formula 1 winning Ferrari’s comes up for sale, it’s no surprise it gained a lot of interest. Featured in our news back In September -https://enzari.com/news/schumachers-2001-championship-winning-ferrari-f1-car-up-for-sale/ – the Ferrari F2001 went up for auction yesterday with RM Sotheby’s.
The Ferrari F2001 that Schumacher piloted to nine victories in 2001, including his last at Monaco, sold for £5.7M in front of a packed house at Sotheby’s Contemporary Art Evening Auction on November 16 in New York. The sale not only surpassed expectations—the pre-auction estimate of £3.5-4 million —but it set a record for a modern F1 car.
The car was sold alongside contemporary art the Sotheby’s auction which included works by Andy Warhol, Roy Lichtenstein, Francis Bacon…Over 50 works of art sold for over quarter of a million, six sold for over £7.5 million, and the top sale was a Francis Bacon that sold for almost £30M (!). The Schumacher F2001 was the 10th-most expensive item.
RM Sotheby’s President Ken Ahn called the F2001 “one of the most important and valuable modern Formula 1 race cars in history.” Schumacher drove it in 20 races in 2001–02, claiming the pole 13 times and reaching the podium 19 times. In addition to winning at Monaco, Schumacher drove the car to victory in the 2001 Hungarian Grand Prix, the race that clinched his fourth driver’s championship and the second of an unprecedented five in a row. He also drove the Ferrari in the first two races of the 2002 season, capturing the pole in both and winning in Australia. Schumacher holds the F1 record for wins (91) and overall championships (7).
The Ferrari F2001 is powered by a 3.0-liter, 800-horsepower V-10 engine mated to a seven-speed semi-automatic transmission.
With the interest the Ferrari generated, certainly the final auction figure, it wouldn’t be a surprise if we see more historically significant cars find their way into art auctions.