Geneva: Formula 1 legend Michael Schumacher's Ferrari F2003-GA model car was sold for 13 million Swiss francs (INR 108.74 crore approx.) at an auction in Switzerland.
An unknown buyer made the winning bid on the telephone, surpassing all other bids after the price hit 10 million francs within 15 minutes at the auction. The auction house Sotheby's, which had estimated that the Ferrari would sell for up to 9.5 million francs, showed the final price as 14.69 million francs including fees and taxes.
The model was one of the most successful cars ever driven by the German Formula 1 legend. Schumacher drove it for the first time on his way to winning the 2003 Spanish Grand Prix, the fifth race of that season.
The German also won the Austrian, Canadian, Italian and US Grand Prixes in the car as he clinched the World Championship. Ferrari also won their 13th Constructor's Championship title in 2003.
The Chassis 229 was given Ferrari's "Red Book" certification and was restored in 2022 at the firm's Maranello factory.
After retiring from F1 in 2012, Schumacher suffered severe head injuries in a skiing accident in December 2013 in Switzerland. The seven-time world champion has not been seen in public since, and information as to his condition is scarce.
IANS