Ferrari F2001, s/n 211, to Auction at Sotheby’s New York

Ferrari F2001, s/n 211, to Auction at Sotheby’s New York

Ferrari F2001, s/n 211, to Auction at Sotheby’s New York

$RACE, $BID

In a landmark moment for the partnership, Sotheby’s (NYSE:BID) is delighted to announce the addition of a 2001 Ferrari F2001 curated by RM Sotheby’s in the Contemporary Art Evening Auction on 16 November in New York.

Unveiled during Sotheby’s Hong Kong Autumn Sales week at the HKCEC, the Ferrari F2001, s/n 211 is the most important modern F1 race car and is amongst the most significant and most valuable competition cars in any collection worldwide.

The F2001 is expected to fetch well in excess of $4-M.

F1 stands at the pinnacle of motorsport, combining the fastest, most technically advanced, and valuable cars with top racing drivers, all in front of the largest global audience of any of its sister catagories.

The 2001 Ferrari F2001, s/n 211, is the definitive representation of the sport: the car that secured the 2001 Constructors’ and Drivers’ Championships for the oldest and most dominant team in the sport, Scuderia Ferrari, driven to victory by the greatest-of-all-time driver-Michael Schumacher, at the most important and prestigious automobile race in the world-the Grand Prix de Monaco.

The ultimate culmination of the Sotheby’s and RM Sotheby’s partnership, the presentation of the F2001 represents the first time a collector car will be offered at a Sotheby’s art auction since the two companies joined forces in February 2015. Contemporary Art is a dynamic combination of materials, methods, concepts and subjects that challenge traditional boundaries, in much the same way as the Ferrari F2001 with its extraordinary combination of design and balance. The offering of a car of this unparalleled historical significance at one of the most important Contemporary Art sales of the year will bring together collectors of the world’s most sought-after pieces in both categories.

Grégoire Billault, Head of Sotheby’s Contemporary Art, New York, commented: “We are pleased to join Ferrari’s 70th anniversary celebrations by offering Michael Schumacher’s Grand Prix winning Ferrari F2001 in November. Ferrari and Schumacher are the greatest names in motor-racing, with a place in the public imagination that is synonymous with the highest achievements in the field. It is therefore entirely fitting that we offer the car that represents the pinnacle of that success alongside the great names in Contemporary Art such as Warhol, Basquiat, and Johns.”

“The Ferrari F2001 we are unveiling in Hong Kong is one of the most important and valuable modern Formula 1 race cars in history,” says Ken Ahn, President, RM Sotheby’s.

“This race car secured Ferrari their 11th of a record 15 Formula One Constructors’ Championships and Michael Schumacher his 4th of an unmatched 7 Drivers’ Championships, placing it among the best of the best in the world of motorsport.

“It is our great pleasure to offer this car during Ferrari’s 70th Anniversary year, a year in which the legendary marque also won its first Monaco Grand Prix since Schumacher secured his final Monaco victory in 2001 in chassis #211. Fresh on the heels of our highly successful sale with Ferrari at their anniversary celebrations in Maranello, the unveiling of the F2001 in Hong Kong and its presentation in New York this November not only represent the first time RM Sotheby’s has displayed or offered a motor car as part of a Sotheby’s art sale, but also further evidence of RM Sotheby’s leadership in the market for important Ferraris at auction.”

The F2001, perhaps the ultimate iteration of “usable art”, can today be piloted in historic racing and at full capability.

Ferrari (NYSE:RACE) can house the car in Maranello and transport it worldwide for pre-arranged Corse Clienti events as well as private track days, where the next caretaker can enjoy the unique thrill of the car at speed in addition to tutelage from Ferrari’s own F1 technicians, mechanics and test drivers.

The opportunity to acquire a Ferrari F 1 car driven by Michael Schumacher does not happen often. A race-winning example is truly special, but a car that won 2 Grands Prix and led the greatest F1 driver and the most successful F1 manufacturer to 2 World Championship titles is nothing short of super.

The Ferrari F2001 s/n 211will be on view from Thursday, 28 September through Tuesday, 3 October during Sotheby’s Hong Kong Autumn Sales week alongside additional offerings from the November Contemporary Art Evening Auction.

Following this debut, the car will return to New York, where it will be on view in advance of the Contemporary Art Evening Auction.

Courtesy Sotheby’s

Further information on the Ferrari F2001 is available here

Additional details regarding the Contemporary Art Evening Auction are available at

www.sothebys.com.

HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.09) Neutral (-0.09) Neutral (0.00) Bullish (0.38)
HeffX-LTN Analysis for BID: Overall Short Intermediate Long
Neutral (-0.03) Neutral (0.21) Neutral (0.17) Bearish (-0.46)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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