EX-MICHAEL SCHUMACHER FERRARI F2003-GA SELLS FOR RECORD 14,630,000 CHF / 14,873,327 USD AT SOTHEBY’S LUXURY WEEK SALE IN GENEVA, DOUBLING THE PREVIOUS WORLD RECORD

(Geneva, Switzerland, 9 December 2022) – Sotheby’s in partnership with RM Sotheby’s has sold the iconic F2003-GA chassis no. 229 at Sotheby’s Luxury Week sale in Geneva for 14,630,000 CHF, making it the most valuable Formula One car of the modern era ever sold. The previous record was held by another ex-Michael Schumacher Ferrari, an F2001 which sold for $7,504,000 at Sotheby’s evening contemporary art sale in New York on 16 November 2017.

This remarkable car in which Schumacher clinched his sixth World Championship title, secured five victories, three pole positions, and two further podiums in what proved to be a dominant season for the German driver.

Presented for sale in full running order, having been thoroughly overhauled in 2022 by Ferrari Formula 1 Clienti, the car is ready to be driven. The car was given a shakedown by Michael Schumacher’s son, Mick, at Ferrari’s Fiorano test track prior to the sale, providing an unforgettable moment for all Formula One fans.

Augustin Sabatié-Garat, Director of Sales EMEA, says: “It was an honour to offer this car in partnership with our partners at Sotheby’s. Formula One cars of this quality and provenance rarely come to market, and this particular car is the best of the best. We are delighted that it has achieved a world record price for such a car, as it truly reflects the importance of this chassis. The result continues to reinforce our reputation as the auction house most recognized for selling the finest Formula One cars in existence”.