The 1994 racer in which Michael Schumacher won the first of his seven Formula 1 titles sold for 617,500 pounds ($1.01 million) at a classic-car auction that included the highest price ever paid for a commercial vehicle at a public sale.
The racer in which Michael Schumacher won the first of his seven Formula 1 titles is estimated to sell for more than $1 million at an auction in London as the values of classic cars continue to set records.
The Ferrari 458 takes the Mulsanne Straight at 180 miles per hour, a lime-green streak through the fastest section of the 24 Hours of Le Mans, which ranks alongside the Daytona 500, the Indianapolis 500 and the Monaco Grand Prix as one of auto racing’s pre-eminent jewels. About 240,000 fans ring the 8.5-mile track on this sunny day in mid- June.
A photo in Christian von Koenigsegg’s office shows one of the 41-year-old Swede’s limited-edition supercars -- a 2011 Agera R, in fire-engine red -- alongside a sparkly gold abomination that looks like it drove off the set of “Chitty Chitty Bang Bang.” The latter is a recreation of the car von Koenigsegg first saw at age 5 in a stop-motion Norwegian film called “Flaklypa Grand Prix,” which tells the story of a small-town bicycle repairman who builds a race car from scrap parts and -- in the face of doubt and ridicule from established automakers -- goes on to win the 24 Hours of Le Mans.
A Ferrari that competed in the 1953 Le Mans 24-hour race and another that John Lennon bought just after passing his driving test are coming up for auction as prices rise for classic models by the Italian maker.