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Wed 4 Dec 2019 10:50 AM

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Sotheby's F1 auction in Abu Dhabi generates sales of $31.3m

The highest winning bid was $6,812,500 for a 2017 Pagani Zonda

Sotheby's F1 auction in Abu Dhabi generates sales of $31.3m

A car driven by former F1 driver Michael Schumacher during his successful fifth Driver’s World Championship bid in 2002 sold for $6,643,750 at an auction held at the Abu Dhabi Grand Prix.

A car driven by former F1 driver Michael Schumacher during his successful fifth Driver’s World Championship bid in 2002 sold for $6,643,750 at an auction held at the Abu Dhabi Grand Prix, RM Sotheby’s has announced.

The auction – the first ever to take place at a F1 Grand Prix – included 40 blue-chip collector cars, ranging from Grand Prix racing machines to sports cars and low-mileage modern hyper-cars.

In total, the auction generates sales of $31.3 million across two hours, with bidders coming from 28 countries.

The highest winning bid was $6,812,500 for a 2017 Pagani Zonda – an extremely rare vehicle and the first Zonda to be offered at a collector car auction in seven years.

“Saturday night’s sale represented the ultimate collaboration between two world-class organisations in the production of a truly ground-breaking auction and lifestyle event,” said RM Sotheby’s head of Europe and chief auctioneer, Maarten ten Holder.

“To be hammering down some of the most desirable cars in Formula 1 racing history on the starting grid of the 2019 Etihad Airways Abu Dhabi Grand Prix was a benchmark moment for RM Sotheby’s.”

Gord Doff, RM Sotheby’s global head of auctions, said that “to be able to highlight the selection of cars sourced and consigned from around the world for the inaugural auction to the tens of thousands of enthusiasts that visited us onsite was outstanding and something that has never before been done in our industry.”

The other top highest bids in the top five were a 2015 Ferrari FXX K ($4,281,250), a 1982 Ferrari 126 C2 ($2,143,750) and a 1956 Mercedes-Benz 300 SL Gullwing ($1,581,250).

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