Michael Schumacher’s Formula 1 Ferrari is heading for auction at RM Sotheby’s next month, during a sale at the Abu Dhabi Grand Prix.
The 2002 Ferrari F2002, which helped Schumacher win the 2002 F1 Driver’s Championship, will headline the sale on November 30 with an estimate of $5.5 – $7.5 million.
A percentage of proceeds from the sale will be donated to the Keep Fighting Foundation, a charity founded by Michael Schumacher’s family.
Schumacher drove Chassis no. 219 to victory in the Italian, Austrian and French Grands Prix; the latter of which secured him his fifth driver’s title in record time, with six races still to go.
He also drove the car to second-place at the iconic Monaco Grand Prix, and his team-mate Rubens Barrichello drove it to second place in Spa and fourth in Hockenheim as he finished runner up in the Drivers’ Championship.
Together the two men helped Ferrari secure the Constructors’ Championship title during a ‘golden age’ for Ferrari and Formula 1, and the car has been described as “one of the most dominant Formula 1 racing cars in history”.
“We are delighted to come out of the gate for our inaugural auction in partnership with Formula 1 with such an amazing cornerstone consignment to the Abu Dhabi event,” said Oliver Camelin, Car Specialist at RM Sotheby’s.
“The Michael Schumacher F2002, chassis no. 219, is truly special…[it] was like a guided missile in acquiring wins on route to a Championship won with sheer racing dominance. As a result, it remains as one of the most dominant Formula 1 racing cars in history.”
The car is expected to equal the price paid for Schumacher’s 2001 F1 Ferrari, which sold in 2017 for $7.5 million.
The auction marked the first time a Formula 1 car – or indeed any classic car – had been sold by Sotheby’s as part of a high profile contemporary art auction in New York.
That car was marketed as a piece of rolling sculpture, attracting furious bidding between collectors, and was later described by senior Sotheby’s vice president Gregoire Billault as “the very best racing car ever sold at an auction.”
But as chassis no. 219 was the very car in which Schumacher won the 2002 Championship at Magny Cours, it could soar even higher to set a new F1 auction record this fall.