Sotheby’s : $7.5 million Schumacher Ferrari sets record

People look at former Ferrari German F1 driver Michael Schumacher's Monaco Grand Prix winning Ferrari F2001 car, which is on display with other models at the Rockefeller Plaza in New York on October 7, 2017. -AFP

NEW YORK: Michael Schumacher’s Grand Prix-Winning Ferrari sold for $7.5 million in New York on Thursday, setting an auction record for a modern-era Formula One car, Sotheby’s said.

The seven-time world champion’s 2001 Ferrari F2001 sparked furious bidding, roaring past its pre-sale estimate of $4-5 million at Sotheby’s flagship post-war and contemporary November evening art sale.