FULL THROTTLE – The Schumacher Collection Sours: RM Sotheby’s Online Auction of F1 Automobilia Hits $2.6M Outperforming Estimates by Nearly 70%

The online-only sale of 159 pieces of automobilia from the career of Formula 1 superstar Michael Schumacher fetched $2.6M through RM Sotheby’s online platform, underscoring the escalating allure of Formula 1 collectibles

• The combined total sales of the collection amounted to $2,604,876, surpassing the pre-sale estimate of $1,791,850, an astonishing 68.8% overage
• 94 out of the 159 lots sold above the high estimate
• Bidders participated from around the world, with 35 countries represented
• 64% of bidders were first-time clientele
• Three distinct Michael Schumacher race-worn helmets fetched over $100,000 each

BLENHEIM, CANADA – September 8, 2023 – (Motor Sports NewsWire) – Entirely online, RM Sotheby’s offered an incredible opportunity for racing fans worldwide to acquire automobilia from the illustrious career of Michael Schumacher, a seven-time Formula 1 World Champion. The majority of the items featured were race-worn suits, helmets, and other related artifacts, with the helmet results undeniably the highlights of the auction. Other pieces of automobilia signed by the great Ayrton Senna and Alain Prost also found wide appeal. Enthusiasts, fueled by the escalating global interest in Formula 1, eagerly bid, driving the sale to levels farsurpassing expectations. The auction, presented entirely without reserve, highlighted both Schumacher’s and Formula 1’s grand and growing appeal to collectors. By the auction’s close, the total selling price reached $2,604,876, a notable 68.8% surge over the pre-auction high estimate of $1,791,850.

FOR MORE NEWS FROM RM SOTHEBY’S: #RMSothebys

Visit: rmsothebys.com
Instagram
Twitter
Facebook
YouTube

About RM Sotheby’s

RM Sotheby’s is the world’s largest collector car auction house by total sales. With over 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for seven of the top ten most valuable motor cars ever sold at auction.

Source: RM Sotheby’s

####