Schumacher Ferrari sets auction record - but is it art?

Henrietta Strickland
November 17, 2017

He won nine races in total during the 2001 season, securing a second consecutive title for Ferrari with almost twice as many points as McLaren driver David Coulthard, who finished the season in second.

Sotheby's made the unusual decision to sell the racing vehicle at its Contemporary Art Auction on Thursday evening in NY. The Italian marque also took its 11th constructors championship with the F2001.

The previous auction record for a modern era Formula One vehicle was $3,198,500 for a Michael Schumacher-driven Ferrari F2004 sold at RM Auctions' Maranello sale in 2005. It has been reported that this is the first time that a vehicle was offered at a Sotheby's art auction.

Overall the F2001 entered 20 races, winning half of those and taking a further 16 podiums in the hands of Schumacher and team mate Rubens Barrichello.

The auto was bought not for its performance but rather the heritage that it possesses.

Michael Schumacher's final Monaco Grand Prix-winning Ferrari went under the hammer at Sotherby's in NY and collected more than £5.5m. A Leonardo da Vinci painting sold for more than $450 million, breaking the world record for the most expensive work of art ever sold at auction as it did so.

Its $7m price tag is well over the $4m that it was expected to fetch.

Sotheby's had estimated the vehicle would be sold for between $4m and $5.5m, but it instead fetched what is understood to be a record figure for a modern F1 auto.

Do you think the Ferrari F2001 is worth £5.7m?

Other reports by Click Lancashire

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