$7.5 Million Schumacher Ferrari Sets Record: Sotheby's

$7.5 Million Schumacher Ferrari Sets Record: Sotheby's

The Monday Morning Quarterback   11:56 PM

[ PHOTO: CHANNEL NEWSASIA ]

Michael Schumacher's 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, Sotheby's 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. It put…

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Ferrari Could Quit F1 Over New Plans, Boss Warns

Ferrari Could Quit F1 Over New Plans, Boss Warns

The Monday Morning Quarterback   11:53 AM

[ PHOTO: THE SUN ]

Ferrari could quit Formula One at the end of 2020 if the team does not agree with the plans of the sports' new owners, the boss of the Italian carmaker has warned. President Sergio Marchionne said F1 had been "part of our DNA since the day we were born" on a conference call discussing Ferrari's financial results on Thursday.

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