Schumacher's 2001 Monaco victor sells for $7m

Schumacher's 2001 Monaco victor sells for $7m

Schumacher's 2001 Monaco victor sells for $7m

Bidding for the seven-time world champion's 2001 Ferrari F2001 was high on drama with bidders showing a lot of interest in the auto.

In addition to Michael Schumacher's Ferrari, the art sale also broke other notable records, including one for Bourgeois' wall-mounted spider and for a painting by American pop artist Robert Indiana.

The Ferrari F2001, which was driven by Michael Schumacher, is described as one of the most important modern Formula 1 race cars and among the most significant competition cars in any collection worldwide.

The vehicle was sold as part of Sotheby's New York "Contemporary Fine Art auction" on November 16, without an engine, and is the first time a auto has been sold by Sotheby's in an art auction.

Chassis #211 was sold as part of a $310.2million worth of auctions at the Sotheby's sale, with 96% of lots finding a buyer. Marry the three together with the iconic bright red silhouette draped on 90's and 00's Ferrari F1 cars, and you've got a contemporary art piece with plenty of pedigree.

It had a guide price of £3m ($4m) but ended up selling for more than the previous record for an F1 vehicle.

What's particularly interesting is that this auto was only expected to bring in around $4-5 million, per Autoblog.

To the fans of "Formula-1" the editors of the journal introduced the 38 riders who since 1950 at least once have won any Grand Prix motor racing team Ferrari. Let us know in the comments.

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