Michael Schumacher's iconic Ferrari up for auction with eye-watering price predicted

Michael Schumacher’s iconic is set to be sold at auction and is expected to fetch a stunning price of over £11MILLION.

The German is the most successful F1 driver of all-time having won eight titles. Five of those came with Ferrari between 2000 and 2004.

He eventually left the side in 2006 to join but the car that he drove in his final campaign with the Italian constructors is now up for sale. The 2006 Ferrari 248 F1 car has been put up for auction by Sotheby’s in New York and is expected to fetch $15m (£11.49m).

Should that price be met, it would make the chassis one of the three most expensive cars in history. The bidding for ’s car is set to get underway on Thursday, November 14.

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Sotheby’s advertisement of the car reads: “Since its sale by Maranello this hugely significant Ferrari has remained in single ownership within one of the world's greatest collections, possessed by one of the most sophisticated enthusiasts, who has prized it for its power and, yes, its significance within the market as, simply, the ne plus ultra of modern competition prowess. In power, in design, in provenance, it is a breathtaking full-course meal of desirability, now set before the world's most astute connoisseurs.”

Shelby Myers, Head of Private Sales at Sotheby’s told Motor Sports News Wire: “In the world of motorsport, ’s name is accurately used to define the pinnacle of racing—synonymous with greatness, which we often hear referenced.

“There are, however, cars that Schumacher drove and perhaps won a race or two in, and then there are the few cars that truly define his legacy, such as chassis 254. When we peel back the layers, very rarely does a Schumacher-era car carry as much weight as this one.’

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“Perhaps the single most important defining characteristic among these elite competition cars is heir racing record. Chassis 254 is at the very top of the pyramid. Never before has anything carrying the Schumacher name come to public sale with more wins or podium finishes. In fact, there is only one other chassis with more wins than chassis 254.

“In his last season with Ferrari, this car defined the legacy of perhaps the greatest driver in history, competing with one of the most storied automotive brands of all time. It truly does not get better.”

The chassis is so iconic due to the fact that it was Schumacher’s final season with Ferrari. He claimed five victories while driving the car, and also surpassed ’s record of pole positions.

Schumacher also achieved his final pole and the final home Grand Prix win of his career in the 254. A number of the German’s title-winning cars have been sold at auction recently, chassis from 2001, 2002 and 2003 all having been sold for fees in excess of £5m.

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