Schumacher’s F2001 Ferrari becomes the most expensive F1 car auctioned

Michael Schumacher’s F2001 Ferrari, the formula one car with which he claimed his final Monaco Grand Prix victory, has become the most expensive modern Formula 1 car ever sold at auction, fetching approximately 109-million-rand.

The iconic car was on sale at the Sotheby’s Contemporary Art Evening Sale in Manhattan. It passed its initial pre-sale estimate of around 56-million to 70-million-rand after a big bidding war ensued.

Schumacher won nine races in the F2001 on his way to securing a fourth World Championship title. It was the first time a rare automobile was included in an art collection at Sotheby’s.

A portion of the money will be donated to Schumacher’s Keep Fighting Foundation.