Schumacher’s $9.5 Million F1 Ferrari Is Tip of Valuable Car Market
Vintage race cars have become an extremely niche obsession for deep-pocketed collectors — who then race them.
Michael Schumacher drove this Ferrari F1-2000 to victory at the 2000 Brazilian Grand Prix. The car, which won Schumacher his first World Championship season and Ferrari’s 2000 Formula One Drivers’ World Championship, sold for an undisclosed sum on April 12 in Hong Kong.
Photographer: ©2023 Courtesy of RM Sotheby's
On April 12, an old Ferrari that Michael Schumacher drove to his first Formula 1 World Championship in 2000 sold for an undisclosed amount at a private auction in Hong Kong. The lightweight land rocket, a Ferrari F1-2000, had brought the racing team its first world title in more than two decades, and it set up Schumacher to win four additional championships with Ferrari in the following consecutive years.
Initial estimates valued the car at $7.5 million to $9.5 million, a spokesperson for Sotheby’s confirmed — an elite sum that won’t surprise anyone who pays attention to the obscure world of decommissioned race cars. Once disregarded as useless and undrivable relics, old racers are gaining traction in the ultra-niche world of high-end car collecting.