Michael Schumacher’s iconic 220mph Ferrari F2001b, driven to victory in the 2002 Australian Grand Prix, is up for auction, expected to fetch up to £7.7 million. Auction: Aug 15-17.

Michael Schumacher’s 220mph F1 Car Hits Auction for £7.7 Million

Michael Schumacher’s iconic 220mph Ferrari F2001b, driven to victory in the 2002 Australian Grand Prix, is up for auction, expected to fetch up to £7.7 million. Auction: Aug 15-17.

Michael Schumacher’s iconic 220mph F1 car, a Ferrari F2001b, is up for auction and is anticipated to fetch up to £7.7 million.

Schumacher piloted this vehicle to victory in the 2002 Australian Grand Prix, a crucial step towards his fifth of seven world titles.

He also drove it to a remarkable third-place finish in the Malaysian Grand Prix that year, despite dropping to 21st place after an early pit stop.

This legendary red Ferrari, powered by a 3.0-litre V10 engine, is being sold by RM Sotheby’s. A spokesperson for the auction house highlighted the exceptional value of competition cars, especially those from Formula 1, due to their rarity and the prestige of their racing history.

They noted the unparalleled technological advancements and the elite status of such vehicles in the collector car market.

With only around 30 Schumacher race-winning Ferraris in existence, this car represents a rare opportunity for collectors.

The spokesperson elaborated on the car’s historical significance, emphasizing its role in Schumacher’s record-tying fifth World Championship.

They remarked that its legacy is cemented among the finest competition Ferraris to have left Maranello.

The auction is scheduled for August 15-17 in Monterey, California, with the car’s guide price set at up to £7.7 million. This same car was auctioned last August for £6 million.