8 watches owned by Formula One great Michael Schumacher are going up for auction
GENEVA (AP) — Eight luxury watches belonging to Formula One great Michael Schumacher are going up for sale at Christie’s on Tuesday.
The sale, organized by Schumacher’s family, features a watch that was given to the German racing superstar by former Ferrari CEO and former motorsports governing body FIA President Jean Todt as a Christmas present in 2004, when Schumacher was the dominant force in F1.
The custom-made timepiece features 18-carat white gold, a red watch face and images of a Ferrari logo, Schumacher’s racing helmet and the number 7 to honor his seven World Championship victories. The presale estimate suggested it could bring as much as 2 million Swiss francs (about $2.2 million), Christie’s said.
Other Schumacher watches include five in a single box set that will be auctioned off individually. The sale has been timed for the 30th anniversary of his first Formula One Drivers Championship win in 1994.