Connect with us

Hi, what are you looking for?

News

Michael Schumacher’s winning Ferrari up for auction in Geneva

THE FERRARI driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned by Sotheby’s. — SOTHEBYS.COM

GENEVA — The Ferrari driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned this week in Geneva, auction house Sotheby’s said on Friday.

The red Chassis 229 Ferrari raced by German world champion driver Mr. Schumacher nine times could fetch up to $9.4 million, according to the sellers.

“It’s … special because this car is one of the only four cars with more than four wins in the Ferrari history and especially with one of the most skilled driver of his generation, Michael Schumacher,” said Vincent Luzuy, executive assistant to the director of RM Sotheby’s sales.

He said the target market were race course buyers, since the car is “track-ready,” as well as art collectors.

Sotheby’s is also presenting eight rare “Fancy Blue” diamonds valued at more than $70 million. This color is the highest possible color grading for blue diamonds and is awarded to no more than 1% of blue diamonds submitted to the Gemological Institute of America, Sotheby’s said.

“It is extremely rare and to have a collection of eight it is super exciting,” said jewelry specialist at Sotheby’s Geneva, Marie-Cécile Cisamolo. The diamonds will be offered at auction in Geneva, New York, and Hong Kong and the first one will be offered in the Swiss city on Nov. 9. — Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

AIDAN HOWE-UNSPLASH A SUBSIDIARY of Villar-led Prime Asset Ventures, Inc. is set to launch an 80-hectare casino and entertainment complex in the Las Piñas-Parañaque...

News

REAL-ESTATE developer DMCI Homes, Inc. is targeting to launch a high-rise condominium project in Caloocan by January next year, according to its president. “Wala...

News

PORTS operator giant International Container Terminal Services, Inc. (ICTSI) said it recently received a third partial repayment from the Sudanese government in relation to...

News

1 of 2 A BIG bed with a beautiful textured headboard worth more than P2 million. That’s not very easy to ignore. If one...

News

STOREFRONT of a Balenciaga store in New York City on Dec. 2. — PHOTO BY JOHN NACION/NURPHOTO VIA REUTERS PARIS — French fashion house...

News

MAYNILAD Water Services, Inc. (Maynilad) has set aside P1.5 billion for the rehabilitation of its 17 pumping stations, the west zone water concessionaire said...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.