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Barrett-Jackson 2014: Michael Schumacher's 1998 Ferrari F300 earns round of applause, $1.7M bid [w/video]

There isn't much in the world that can aurally match the screeching wail of a Formula 1 car at redline. We obviously can't say whether or not the showmanship of starting this 1998 Ferrari F300 in front of the assembled masses at Barrett-Jackson and slowly taking it up to its 18,000-rpm redline had any effect on bidders, but it did, at the very least, result in a round of applause.
This '98 Ferrari F300 was driven 38 times by Michael Schumacher, and there was another round of applause for the driver, who's currently in a medically induced coma and listed in stable condition after a skiing accident. This particular example is number three of nine total built for the '98 season. Power comes from a 3.0-liter V10 engine producing 805 horsepower at 17,500 rpm.
After it was all said and done, bidding ended at $1.7 million (plus another 10 percent in fees). Check out our live images from the auction floor above, and scroll down below for a spine-tinglingly loud auction video and to read its official description.

Ferrari production to increase under Marchionne

The head of any company has to juggle the relationship between supply and demand. Of course, that applies to automakers too, even ones as high-end as Ferrari. And as with many other decisions, the way Ferrari has addressed supply and demand has come down principally to the principal.
Enzo Ferrari may have only wanted to sell as many vehicles as he needed in order to fund his company's racing department, but with the F40 - the last model made under his watch - Ferrari ended up increasing supply to meet growing demand. However, after Luca di Montezemolo took over in the wake of Enzo's passing, he started constricting supply. He figured Ferrari could sell 400 units of the F50, for example, so he built 399. More recently, Montezemolo undertook a course of action that spread Ferrari into more markets, while simultaneously constricting supply to increase demand and thereby profitability.
It's been a winning formula for Ferrari. Just days ago, the company announced record earnings up by 14.5 percent in the first half of 2014 over the same period last year, which itself had seen a 7.1-percent increase over the year before. Clearly the strategy has worked, but Montezemolo's successor is already eying a different approach.

Race Recap: 2014 Singapore Grand Prix is back-to-front

To paraphrase Guy Fawkes, 'Remember, remember the twenty-first of September.' That's the day the 2014 Formula One Championship took another big turn - and at one of the year's least interesting races, traditionally - putting Lewis Hamilton back at the top of the standings. Not only that, it did so by borrowing the template from the British Grand Prix this year: put Hamilton in front, retire Nico Rosberg.
It was close until then, though, Hamilton lining up on pole for Mercedes AMG Petronas just seven thousandths of a second ahead of Rosberg. Daniel Ricciardo, the year's greatest opportunist, took third ahead of his teammate Sebastian Vettel in the Infiniti Red Bull Racing, followed by Fernando Alonso in fifth for Ferrari. The Williams' looked like they'd be in trouble on Friday, but as usual they dredged up some pace on Saturday, Felipe Massa taking sixth ahead of Kimi Räikkönen in the second Ferrari, the second Williams of Valtteri Bottas in eighth. Kevin Magnussen saved a little bit of face for McLaren in ninth, and Daniil Kvyat did another solid job to line up tenth in his Toro Rosso.
Before it even started, the race wouldn't look the same.