Classic Auction Review

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Schumacher 2002 Championship Ferrari F1 sells for $6.6m (£5.08m) during $31.3m (£24.1m) Saturday night on Abu Dhabi GP grid

Following F1 qualifying for the Etihad Airways Abu Dhabi Grand Prix at the Yas Marina Circuit Saturday 30 November, the RM Sotheby’s team auctioned 40 blue chip cars ranging from GP winners to low mileage supercars in a two hours session, after which 23 cars had sold for $31.3m (£24.1m) during a 58% sold evening.
This was RM Sotheby’s inaugural collector vehicle auction held in partnership with the ‘Formula 1’ owners and the auction house’s first ever sale in the fossil fuel producing Middle East market, where Extinction Rebellion activists would be speedily extinguished. Bidders from 28 countries contested lots at this petrolhead feast, one third from the Middle East and 40% overall first-timers.
Prices were topped by a 2017 Pagani Zonda Aether, a one-off hypercar with old world 6-speed manual transmission, which, following a lengthy bidding battle, achieved a final $6,812,000 (£5,245,240) to surpass the current £5,885,000 (4,531,450) world record for a Zonda at auction established only last month by Silverstone Auctions in Saudi Arabia.
The Ferrari F2002 F1 driven by Michael Schumacher to three Grand Prix wins during the 2002 season, by the end of which he had secured his fifth Driver’s World Championship title, realised $6,643,750 (£5,115,688) including premium. This was therefore the second most valuable F1 car ever sold at auction, second only to the Schumacher Ferrari F2001 also sold by RM Sotheby’s for $7,500,000 (£5,775,000), but that was way back in supercharged 2017. A portion of proceeds from the F2002’s sale will benefit the Schumacher family’s Keep Fighting Foundation.
Two more Ferraris also performed well on the eve of the final round of the Formula 1 World Championship, a 2015 FXX K, the first to be auctioned, which set a benchmark $4,281,250 (£3,296,563) for the track-only model. While another Scuderia Ferrari F1, the sole surviving 1982 126 C2, driven by Patrick Tambay to win the 1982 German GP, also put on pole by Mario Andretti who went to finish third in the Italian GP, was applauded by the starting grid crowd when sold for $2,142,750 (£1,649,918).
David Coulthard drove a Markus Jebsen donated 2011 Aston Martin One-77 across the block to raise a final $1,440,625 (£1,109,281) for Auction4Wildlife to benefit African Parks. A 1956 Mercedes-Benz 300SL Gullwing with NSL engine and rare optional sports suspension flapped away to a new nest after $1,581,250 (£1,217,563) was paid and $1,086,250 (£1,086,251) bought the 1996 Zagato Raptor one-off built in conjunction with Lamborghini as a modern coach-built concept.
During what has been by far the highest grossing November and end of season sale on all overheating Continents, other top ten valuations established beside the tax-friendly Marina included a 2014 Koenigsegg Agera R sold for $1,356,250 ($1,044,313), a 1995 Porsche 911 by Singer for $825,000 (£635,250) and a 1993 911 Carrera RSR 3.8 for $782,500 (£602,525). Although the reserves for 17 cars were clearly too much for those in the seats, on the phones or on-line, where by far the largest auction audiences vote with their mice. RH-E

 

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Welcome to truly independent market analysis that is refreshingly free from advertiser influence. A one-stop site that aims to do exactly what it says in the title. Review classic auctions to highlight which cars are selling, for how much and, most importantly, why. But also do so entirely free of charge.

For unlike most of the terminal-bound media, C.A.R. comment aims to be far better informed from physically checking out the metal in the field. For before pressing any keys, we drive the miles to provide consumers with a fake news free take on market reality.

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  • C.A.R. BACKED FISHER WINS FF1600 CHAMPIONSHIP

    Classic Auction Review congratulates Josh Fisher on winning the 2019 Castle Combe FF1600 Championship in the C.A.R. supported 1999 Van Diemen RF99/JL14 run by Wayne Poole Racing.
    With victory at the Grand Finals Day round on 14 September, 2008 and 2017 Champion Fisher has therefore secured his third FF1600 title for WPR with 6 wins, 3 seconds and a third place at the West Country circuit.
    Our thanks to Swindon Powertrain for building a race winning engine, the WPR crew for preparing a car that has achieved a 100% finishing record and, of course, to photographer Mike Stokes for digitally capturing the action.

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