Eight Michael Schumacher watches sold at auction

Eight Michael Schumacher watches sold at auction
Eight Michael Schumacher watches sold at auction
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May 14, 2024 – 11:02 p.m.

(Keystone-ATS) The Christie’s auction house has put up for sale in Geneva eight luxury watches that belonged to German Formula 1 driver Michael Schumacher. The best seller was sold for 1.2 million francs, to which must be added 20 to 26% for the auction house.

It’s a relatively good deal; The watch changed hands at the lower end of the estimated price, Christie’s said. Made by the FP Journe factory, it was a Christmas gift from Jean Todt, head of the Ferrari team at the time.

In total, the Formula 1 legend’s eight watches were sold for just under 4 million francs, says Christie’s. No information has been provided on the buyers.

Among the gems up for auction was a piece specially made for Mr Schumacher, with a dial in Ferrari’s red color and the symbols of the seven world championship titles won by the German driver during his career.

The auction offered a total of 164 pieces, which were sold for around 22.8 million francs. The sale should have taken place on Monday, but it was postponed due to a computer outage which affected the website, preventing customers from bidding online at Christie’s.

Michael Schumacher lives with his family in Gland (VD), on the shores of Lake Geneva. He has not appeared in public since a serious skiing accident in 2013. The family gives no indication of his state of health. Mr. Schumacher was an avid watch collector.

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