Formula 1 car set to be sold at auction for over $3 million

Jean Alesi’s 1991 Ferrari will be auctioned off in France early next year.

There is a lot of priceless Formula 1 memorabilia that can be acquired by collectors all over the world, with helmets, autographs and even steering wheels becoming available on the market from time to time.

The pinnacle of a Formula 1 collection however would be a car, as occasionally the extraordinary pieces of machinery go up for sale at various auctions for different causes.

McLaren recently sold part of their classic Formula 1 collection to a company in Bahrain in order to fund their supercar project, while one of Michael Schumacher’s Ferrari’s was auctioned off earlier this year for an eye-watering fee.

The next major piece of F1 history to become available for purchase will be Jean Alesi’s Ferrari from 1991, which is set to go up for auction on 1 February next year.

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The Ferrari will be highly sought after at the Salles du Carrousel auction house in Louvre Paris, as the very rare piece of Scuderia history becomes available to the public for the first time.

Alesi drove the Ferrari in question in Magny-Cours, France in 1991, making the car a perfect addition to a French based Formula 1 collection.

The car features a 3.5-litre V12 engine which produces over 710 brake horsepower and according to RM Sotheby’s, it remains fully operation over 30 years from its inception.

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The Ferrari 643 is estimated to sell for anywhere between $3.1m and $3.6m, as classic cars become an increasingly popular asset for those who chose to invest in Formula 1 memorabilia.

The iconic Red Ferrari is one of many impressive pieces of machinery that has been produced by the Scuderia in the past, and the team will be hoping that they can produce some similar engineering excellence in 2023, as the team hunt for their first constructors’ championship since 2008.

Jean Alesi won a single race during his time with Ferrari in Canada, and Carlos Sainz, who also sits on one career win will be hoping to overtake the Frenchman in the Ferrari leaderboards next season.