Michael Schumacher is one of the greatest drivers in the history of Formula 1’s race. Anyone appreciating the sports can’t help but recognise the amazing records created by the star over the years. Ther German star has won 7 World Driver’s Championship titles: the combined highest in motorsports. His 2003 winning Ferari gets sold in an auction in Geneva for over $15 million.
Michael Schumacher’s 2003 title-winning Ferari gets record price at an auction
The F2003-GA, Chassis 229 car got a phenomenal price of 13 million Swiss francs (USD 13.4 million). After including the taxes and fees, the ultimate price stood at 14.6 million francs, which is 122 crores in Indian rupees.
“The remarkable car has achieved a world record price of for a modern-era Formula one.”
Who offered the final price?
An unidentified telephone bidder from Europe offered the final price in a bidding war of around 40 minutes. The bidding house had initial expectations that the price might come to 9.5 million Swiss Francs. However, the ultimate amount is much higher than expected.
The car was brought to the Formula 1 2003 season at the Spanish Grand Prix and the star grabbing five titles with it thereafter. He got his fifth title at that year’s Japanese Grand Prix with that same car. It even helped Ferrari got their 13th Constructor’s Championship award, that’s their consecutive fifth in a row.
Previous Record hold by his another title-winning car for $7.5 million
Out of the six F2003-GAs created, Chassis 229 is the most successful. The previous record also goes to Michael Schumacher’s another title-winning car. The F2001 model was sold for $7.5 million by Sotheby’s in New York. It translates to 61 crores in Indian currency.