Share this page
Michael Schumacher F1 Ferrari makes $1m in Monaco auction
An F1 Ferrari driven by Michael Schumacher was joined by a $6.5m 1957 625 TRC Spider at the sale
Paul Fraser Collectibles, Monday 14 May 2012
More Classic cars news | View our stock for sale | Learn about our 120% Guarantee | Download our iPhone app | Sign-up for your Free Newsletter
A Ferrari Formula One car driven by Michael Schumacher sold for €806,400 ($1m) at an auction in Monaco on May 11-12.
Schumacher raced the F1-2000 in the 2000 Austrian Grand Prix, before retiring after just one lap following a collision.
Subsequently rebuilt in 2008, the model is one of only eight to be produced and was the first to be designed entirely in the Maranello wind tunnel.
F1 memorabilia collectors should check out PFC Auctions' online auction, which is currently offering Jim Clark worn racing gloves from his last F1 race and a Lewis Hamilton signed cap.
 Schumacher's Ferrari F1-2000 sold for $1m |
A 1957 V-12 625 TRC Spider was the top seller at the auction, making €5m ($6.5m) against a €3.7m estimate, further evidence of the allure of the Ferrari brand with collectors.
"Ferrari trumps all other names in terms of prestige and liquidity," classic car expert Simon Kidston told Bloomberg.
"If you have a good car that's priced correctly, you can find a buyer within hours."
With fully documented provenance, the model is one of only two ever produced and has been described as "one of the prettiest Ferraris built".
It was among 22 Ferraris that crossed the auction block, including a 1952 225 Sport Spyder Tuboscocca and a 1966 Ferrari 206 S Dino Spyder, which both sold for €2.5m.
The record for a Ferrari at auction currently stands at the $31.6m achieved by a Ferrari 250 GTO in February, making it the second most expensive car ever sold.
A 1936 Bugatti Type 57sc Atlantic is thought to be the world's most expensive car. It sold for an undisclosed sum between $30m-40m in 2010.
Recent and related articles
· Rare 1969 Ford Mustang Boss 429 Fastback coming to auction | 13 May 2012
· The Danish Aalholm Automobil Museum's classic car collection | 27 March 2012
· Matthew Drendel's turbocharged Porsches: 'the world's most significant collection' | 14 March 2012
Your collecting
View our stock items for sale | How to start a collection
Guides and analysis
Investing in Classic cars | 10 reasons to invest in collectibles | Market information & demographics
www.paulfrasercollectibles.com
Images: RM Auctions
