Eight watches belonging to auto racing icon Michael Schumacher offered Tuesday for almost 4 million Swiss francs ($4.4 million) at a Geneva public sale.
The highest piece within the sale, organized by Schumacher’s household, was a watch given to the German racing celebrity by former Ferrari CEO Jean Todt as a Christmas current in 2004. The hammer got here down at a worth of 1.2 million francs, or 1.5 million together with the client’s fee.
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That was nicely inside the pre-sale estimate vary of 1-2 million francs.
The custom-made platinum timepiece from F.P. Journe, the Vagabondage 1, options 18-carat white gold, a pink watch face and pictures of a Ferrari logo, Schumacher’s racing helmet and a “7” — to honor his seven World Championship victories.
Remi Guillemin, head of watches for Europe and the Americas for public sale home Christie’s, declined to determine the client, however mentioned that 5 watches within the Ruthenium assortment — a boxed set — had been bought by the identical purchaser.
Two watches belonging to Michael Schumacher are on show: F.P., left, Journe, Invenit et Fecit, piece Distinctive, Vagabondage 1 Mannequin, it’s estimated to promote between 1,200,000 to 2,300,000 US {dollars} and Audemars Piguet, proper, Royal OAK Chronograph mannequin, it’s estimated to promote between 180,000 to 280,000 US {dollars}, throughout a preview on the Christie’s, in Geneva, Switzerland, Thursday, Could 9, 2024. Eight luxurious watches belonging to Components One nice Michael Schumacher are going up on the market at Christie’s on Tuesday, Could 14, 2024. (Martial Trezzini/Keystone by way of AP)
Whereas many of the eight watches offered inside the pre-sale estimates, an Audemars Piguet that includes a Ferrari prancing horse emblem, offered for a hammer worth of 330,000 francs — nicely above the highest of the anticipated vary at 250,000.
The sale of Schumacher watches, which garnered a complete of greater than 3.1 million francs on the hammer worth, was timed for the thirtieth anniversary of his first Components One Drivers Championship win in 1994.
The watches, which had been taken to New York and Taipei for showings earlier than the sale, had been half of a bigger public sale of luxurious timepieces to go underneath the hammer on Tuesday at Christie’s in Geneva.
Schumacher, who retired from F1 in 2012, shares the file for many F1 titles with British driver Lewis Hamilton.
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In December the next yr, Schumacher fell whereas snowboarding within the French Alpine resort of Meribel and suffered a near-fatal mind damage.
Since being transferred from hospital in September 2014, he continues to be cared for privately at a household residence in Switzerland.
