Michael Schumacher's Ferrari F1 Car Nets $1.7M at Barrett-Jackson

Jason Siu
by Jason Siu

A rare race car driven by Michael Schumacher crossed the Barrett-Jackson auction block today, earning $1.7 million and a round of applause as it revved up to 18,000 rpms.

The 1998 Ferrari F300 was piloted by Schumacher 38 times and is widely considered “one of the most important of the principle test cars during early proving sessions,” according to Barrett-Jackson. Schumacher, who is currently in a medically-induced coma after a skiing accident, also received a round of applause.

SEE ALSO: Top 10 Craziest Vehicles at the 2014 Barrett-Jackson Scottsdale Auction

The particular race car being auctioned was chassis number three of nine total that were built for the 1998 season. It is powered by a 3.0-liter V10 engine with 805 hp.

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Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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  • Nostromo Nostromo on Aug 06, 2014

    Demand will be there. The ATS' assembly plant will be seeing some overtime.

  • Jv Withheld Jv Withheld on Aug 19, 2014

    It looks like a Chevy Vega collided with the older model CTS coupe. No wonder Caddy sales are in the toilet.