Michael Schumacher’s legendary car to sell for almost $10mn

Michael Schumacher’s 2003 Ferrari is set to be auctioned off in Geneva, with a price tag of nearly $10 million expected.

Memorabilia in Formula 1 can be hard to come by, with souvenirs from tracks or even driver’s helmets being extremely difficult to come by, but an opportunity to purchase the best piece of memorabilia in the sport – a title winning car – has just come up.

Michael Schumacher’s 2003 Ferrari, which won him his sixth world championship, is set to go up for auction in Geneva this week, giving the public a chance to bid on arguably one of the most iconic Formula 1 cars of all time.

It is expected that the retro Ferrari will sell for somewhere between $7.5m and $9.5m, more than Schumacher’s 1998 car which sold earlier this year for just over $6m.

The car has undergone a complete overhaul at Ferrari’s Maranello facility, with its gearbox, clutch and hydraulic system all being replaced, making the car ready to race straight from purchase, with no restoration needed.

Michael Schumacher in 2012.v1

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The car is one of the last of the V-10 engine era, and has been run for approximately 240 kilometres since its revamp, adding to the Ferrari’s near perfect condition.

The car will be in hot demand, appealing both to those who see it as a race car and as a piece of art, with the 930 brake horse power beauty being admired by those from all parts of the globe.

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“It’s special because this car is one of the only four cars with more than four wins in the Ferrari history and especially with one of the most skilled driver of his generation, Michael Schumacher,” said the executive assistant to the director of RM Sotheby’s sales.

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Michael Schumacher won five races in the car that is set to be sold in Switzerland, making it a massive part of F1 history, and an important part of the career of arguably the best driver of all time, who is currently tied with Lewis Hamilton for the most drivers’ world championships with seven.

Those that wish to attend the auction and have the fortunes to place a bid, will be able to do so on Wednesday in Geneva.