Michael Schumachers 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, Sothebys 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.