A Champion Formula 1 Ferrari Could Fetch $7.5 Million at the First RM Sotheby’s Auction in Abu Dhabi
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Motorsports enthusiasts will turn their attention to Abu Dhabi at the end of November, not only for the 2019 Formula 1 Etihad Airlines Abu Dhabi Grand Prix but also for a collector car auction full of blue-chip racing machines. Held on November 30 at the Yas Marina Circuit, RM Sotheby’s first auction in the Middle East—produced in collaboration with Formula 1—will feature 40 high-performance vehicles, including one particular racer that became one of the most successful Formula 1 designs of all time.
The auction’s undisputed star attraction, a Ferrari F2002, is estimated to sell for as much as $7.5 million, which would set a new house record for a Ferrari F1 race car of that era by almost $6 million. The reason for its elevated value? Michael Schumacher drove it to victory three times during the 2002 season, helping him to secure his fifth world championship (a portion of the winning bid will also support Schumacher’s Keep Fighting Foundation). Today, the car is Ferrari Classiche Certified and race prepared for Ferrari Corse Clienti events. It will be delivered to its new owner at Fiorano Circuit, Ferrari’s private R&D racetrack, following a comprehensive engine and transmission rebuild. To promote the car’s upcoming sale, Michael Schumacher’s son Mick recently drove the car at Fiorano.
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Powered by a supercharged AMG V-8 that churns out 641 hp, the rare Mercedes-McLaren street legal collaboration can sprint from zero to 62 mph in 3.5 seconds. As one automotive publication described in 2009, driving the car at full acceleration is like “standing on the wingtip of a 747.” Only 75 examples were built, and the one that will cross the block in Abu Dhabi has accrued slightly more than 300 miles of road time. It could sell for as much as $2.7 million.
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It should be noted that the P1 GTR is not street legal, and the example to be sold through RM Sotheby’s has not yet seen the track. It remains in fresh-from-the-factory condition, with only delivery mileage on its odometer. For those reasons—and because it’s a revered and rare supercar—this P1 GTR could sell for as much as $2.4 million.
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