A record sale price for ex-Schumacher World Championship-winning Ferrari

RM Sotheby's

A record sale price for ex-Schumacher World Championship-winning Ferrari

Auctions

A record sale price for ex-Schumacher World Championship-winning Ferrari

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RM Sotheby’s today announced the sale of Michael Schumacher’s 2003 Ferrari F2003-GA Formula 1 car at a world record price of CHF14,630,000 ($14,873,327 USD). The Ontario-based auction house held a one-lot sale for this special car during Sotheby’s Luxury Week in Geneva, Switzerland.

Designed by Rory Byrne and Ross Brawn, the F2003-GA featured new developments including a longer wheelbase to improve aerodynamics. Boasting one of the final V-10s featured in F1, the car produced 930hp at its 19,000 rpm rev limit.

During Schumacher’s title-winning 2003 season, he secured a remarkable five victories in chassis No. 229, including the Grand Prixs in Spain, Austria, Canada, Italy, and the United States. In addition, the car secured three pole positions, three fastest laps, and a further two podium finishes in Monaco and France, making it instrumental in securing Schumacher’s sixth World Championship, which at that time surpassed Fangio’s 46-year-old record, as well as gifting Ferrari its fifth consecutive constructor’s title.

One of the most significant cars from a golden period in the Scuderia’s history, chassis No. 229 was awarded Ferrari Classiche’s “Red Book” Certification and was recently overhauled in 2022 at the Maranello factory. Its legendary 3-liter V-10 engine ran for only 148 miles since then, and all the major components—including the gearbox, clutch and hydraulic system—had covered only a small percentage of their current lifecycle before the auction.

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