Michael Schumacher’s Ferrari Formula 1 car sells for $23 million

Michael Schumacher's Ferrari Formula 1 car sells for $23 million

A historic Ferrari Formula 1 car driven by one of the sport’s greatest drivers has been sold in Switzerland, fetching the equivalent of more than $23 million.

The Ferrari that Michael Schumacher drove to his record-breaking sixth Formula One Championship in 2003 sold for a staggering 14.63 million Swiss francs – the equivalent of $23.18 million in Australian currency.

Listed by RM Sotheby’sThe Ferrari F2003-GA was auctioned in Switzerland this week, fetching a hammer price of 14.63 million Swiss francs (AU$23.18 million) – more than double the previous record for a car driven by Michael Schumacher.

In 2017Michael Schumacher’s Formula 1 title-winning Ferrari F2001 sold for US$7.504 million (AU$11.69 million today).

While comfortably second on the list of the most expensive Formula 1 cars sold at auction, the Ferrari F2003-GA broke the record £17.5 million (AU$31.11 million) – set by Juan Manuel Fangios Mercedes 1954 – don’t beat it. Benz W196 ‘Silver Arrow’ in 2013.

This particular Ferrari F2003-GA – known as Chassis 229 – is one of six built for the 2003 Formula 1 season, powered by a 3.0-litre V10 engine producing around 685 kW at 18,600 rpm. min in qualifying trim and 630 kW in racing.

The F2003-GA made its debut at the Spanish Grand Prix where Michael Schumacher converted pole position into victory. The German followed up with another dominating performance at the next round in Austria – taking pole position, fastest lap and race win.

Michael Schumacher used the F2003-GA in seven of the remaining ten races, scoring three more victories in Canada, Italy and the United States.

Coupled with his victory at the San Marino Grand Prix in a Ferrari F2002, the six wins were enough for Michael Schumacher to beat McLaren’s Kimi Raikkonen by two points in the championship.

The 2003 championship was Michael Schumacher’s sixth, eclipsing Juan Manuel Fangio’s record of five titles.

Schumacher then dominated the 2004 season, winning his seventh and final championship – surpassed by Lewis Hamilton in 2020.

Mick Schumacher with the Ferrari F2003-GA at Fiorano

Earlier this year, F2003-GA Chassis 229 was driven by Michael Schumacher’s son Mick – current Ferrari Academy and Haas F1 Team driver – at Ferrari’s private Fiorano test track.

While Ferrari’s Formula 1 cars of the period were typically denoted by an ‘F’ followed by the year of the competition, the suffix ‘GA’ was added to honor Gianni Agnelli – Fiat’s boss who died in January 2003.

Gianni Agnelli’s family remains linked to Ferrari – his grandson John Elkann is the current CEO of the Italian automaker.

Jordan Mulach

Jordan Mulach was born in Canberra/Ngunnawal and currently resides in Brisbane/Turrbal. Jordan joined the Drive team in 2022 and has previously worked for Auto Action, MotorsportM8, The Supercars Collective and TouringCarTimes, WhichCar, Wheels, Motor and Street Machine. A self-proclaimed iRacing addict, Jordan finds himself either behind the wheel of his Octavia RS or berating his ZH Fairlane over the weekend.

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