The Ferrari in which F1 legend Michael Schumacher won the 2003 World Championship title sold for over $15 million at an auction in Geneva, as per AFP.
“This remarkable car has achieved a world record price for a modern-era Formula One,” the Sotheby’s auctioneer said.
The previous record was held by another Ferrari also driven by Schumacher. It was an F2001 model sold by Sotheby’s in New York in 2017 for $7.5 million.
The final price was offered by an unidentified telephone bidder after a bidding war that lasted for more than 40 minutes.
Schumacher raced nine times and won five Grands Prix in the 2003 season.
“It’s one of the Ferraris with the most victories in the constructor’s history, so it’s a very important car in the history of motor racing,” said Vincent Luzuy from the Sotheby’s branch dealing with luxury car sales.
Schumacher won in Spain plus the Austrian, Canadian, Italian and US GPs in the car.
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