FOR SALE - Michael Schumacher's F2001

Fantastic. I was fortunate to be at this race. It was quite a day, with suitable celebrations on our hosts' yacht

http://www.sothebys.com/en/news-video/videos/2017/first-look-michael-schumacher-ferrari-f2001.html

 

Is it Schumacher's family selling it?

 

Hmm. If it really is theirs and they are selling it and we have the recent report/speculation from Bravo (I know, I know): Could they be running out of $? I can only imagine the staggering costs of a 24x7 medical staff in Switzerland. Maybe a relocation to TX might be in the cards and would help reduce the costs.

 

i would think Michael as got a huge insurance policy...shouldn't they be banking his daily cares?

 

Should not go Pro be funding the bill ?

 

Wouldn't that be great to own!

 

The care he receives goes WAY BEYOND what anybody else would do, could pay for and insurance would cover.

 

It isn't (nor ever has been) owned by the Schumacher family.

 

Most of the F1 cars are not owned by F1 drivers.

 

Thanks for that clarification.

 

Fantastic. If I had enough funds, I'd love to own a Schumacher-piloted car.

All the best,
Andrew.

Sent from my Nexus 5 using FerrariChat.com mobile app

 

The last I read his net worth was ONLY $800 million.

 

Schumacher's estimated net worth back in 2010 was @ $804 Million, so I suspect that by the time he left Mercedes F1 in 2012, his net worth would have been reasonably higher than that.

Providing the family have been careful with the various businesses and investments (and I can't see Corinna being reckless with the family's finances), it would be quite hard to burn through that sort of money, even with the 24/7 care now needed for Michael (Not impossible, but let's not forget, 1% interest on $804 Million would give $8 Million per year, 2.5% would yield $20 Million, and 5% would yield $40 Million)


As for the car for sale: $4 Million? - I might have been tempted, but that sort of money, I'd want a "Marlboro" liveried with the original, race worn stickers on it, so it's a "no sale!" here!

 

That's a good point, why has the livery been taken off?

 

How does that work? I'm unaware of the laws over there, but if you're the owner in Europe and have to abide even outside the jurisdiction, how'd Ferrari use the livery at all? 'Laws changed since then I take it....

Gadzooks, rather inhibiting on the simple citizen, eh?

God bless America, at least for now....

 

Just had to check my collection to see whether I have a part of "that car" but alas: My engine valves are from the 2002 car. Another great Ferrari year.

 

Really hoping they do a full preview and I’m hoping to get a press pass or something to get to see this.

Rob, wanna give me the FChat employer name and I’ll document for the board?!

 

TBH, My post was a tongue in cheek reason for turning down spending $4 Million on this car.

Looking into the tobacco livery side of things in more detail though, it seems that privately owned historic cars can still run with the Tobacco livery, so long as the car originally ran with it, and no money is paid/accepted to run the livery (that would be classified as tobacco sponsorship).

Added to that, I don't think the tobacco livery restrictions are applied that closely when it comes to privately owned historic cars anyway.

 

Yes, I've seen tobacco liveries on historic cars still running up the hill at Goodwood. The Penske Indy cars had the Marlboro logos on them this past Goodwood and looked phenomenal.

The laws in Europe would make sense if Ferrari, who still receives sponsorship money from Marlboro, ran the cars under their ownership. If it's a Corsa Clienti car, I don't see how that law would apply. I understand that some of the cars are stored at the factory, but the ownership is different. Regardless of ownership, they should still be grandfathered in given the age and fact the law didn't apply then.

It's a shame as the cars look better in true form.

 

I think that as a business, Ferrari have to be more careful when it comes to the laws on tobacco liveries ( and careful about not offending people), and so err on the side of caution and remove the Marlboro liveries.

Once in the hands of the customer though, then I'm pretty sure the Marlboro livery can be re-applied without issue by the customer.

TBH, despite all of the Millions of Dollars spent on tobacco advertising over the years in motorsport, I don't believe a single person has started smoking because they saw a tobacco liveried car on track.

 

I agree and if they do, it's their own fault imo.