Michael Schumacher's Ferrari fetches 13 million Swiss francs at auction

GENEVA: Formula 1 legend Michael Schumacher's Ferrari F2003-GA was sold for 13 million Swiss francs (13.2 million U.S. dollars, INR 108.74 crore approx) at an auction in Switzerland.

The F2003 was one of the most successful cars ever driven by the German Formula 1 driver, who won five races and the 2003 World Championship with it.

An unknown buyer bought Chassis 229 with a bid on the telephone, surpassing every bid after the price hit 10 million francs within 15 minutes at the Sotheby's auction in Geneva on Wednesday.

The auction house Sotheby's, which had estimated that the Ferrari would sell for up to 9.5 million francs, showed the final price as 14.69 million francs including fees and taxes.

The Chassis 229 was given Ferrari's "Red Book" certification and was restored in 2022 at the firm's Maranello factory. IANS

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