Michael Schumacher’s Ferrari sells for $23 million

A history-making Formula One Ferrari raced by one of the sport’s greatest drivers has been sold in Switzerland for a hammer price equivalent to more than $23 million.

The Ferrari that Michael Schumacher drove to his record-breaking sixth Formula One championship in 2003 sold for 14.63 million Swiss francs, the equivalent of $23.18 million in Australian currency.

listed by RM Sotheby’sThe Ferrari F2003-GA went up for auction in Switzerland this week and sold for a hammer price of 14.63 million Swiss francs (23.18 million Australian dollars), more than double the previous record for a car driven by Michael Schumacher.

In 2017, Michael Schumacher’s Formula One title-winning Ferrari F2001 sold for $7.504 million (Australian $11.69 million today).

While the Ferrari F2003-GA was comfortably second on the list of the most expensive Formula One cars sold at auction, it failed to break the record £17.5m ($31.11m AUD) , established by Juan Manuel Fangio’s 1954 Mercedes. Benz W196 ‘Silver Arrow’ in 2013.

This particular Ferrari F2003-GA, known as chassis 229, is one of six built for the 2003 Formula One season, powered by a 3.0-litre V10 engine that produced approximately 685kW at 18,600rpm in qualifying and 630kW in racing.

The F2003-GA made its debut at the Spanish Grand Prix, with Michael Schumacher turning pole position into victory. The German followed it up with another dominant performance at the next round in Austria: he took pole position, the fastest lap and the race win.

Michael Schumacher used the F2003-GA in seven of the remaining 10 rounds, taking three more wins in Canada, Italy and the USA.

Combined with his win at the San Marino Grand Prix while driving a Ferrari F2002, the six wins were enough for Michael Schumacher to beat McLaren’s Kimi Raikkonen in the championship by two points.

The 2003 championship was Michael Schumacher’s sixth, eclipsing Juan Manuel Fangio’s record five titles.

Schumacher subsequently went on to dominate the 2004 season, winning his seventh and final championship, which was equaled by Lewis Hamilton in 2020.

Mick Schumacher with the Ferrari F2003-GA at Fiorano

Earlier this year, F2003-GA chassis 229 was driven by Michael Schumacher’s son, Mick, current Ferrari Academy and Haas F1 Team driver, at Ferrari’s private Fiorano test circuit.

While Ferrari’s Formula One cars of the time were usually designated ‘F’ followed by the year of competition, the ‘GA’ suffix was added to honor Gianni Agnelli, the Fiat boss who passed away in January 2003.

Gianni Agnelli’s family continues to be involved with Ferrari: his grandson John Elkann is the Italian carmaker’s current chief executive.

Jordan Mulach

Jordan Mulach was born in Canberra/Ngunnawal and currently resides in Brisbane/Turrbal. Joining the Drive team in 2022, Jordan has previously worked for Auto Action, MotorsportM8, The Supercars Collective and TouringCarTimes, WhichCar, Wheels, Motor and Street Machine. Jordan is a self-described iRacing junkie and can be found on weekends behind the wheel of his Octavia RS or cursing in his ZH Fairlane.

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