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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 wants to provide Red Bull with its own engines

Ferrari is proposing a different sort of arrangement that could provide Red Bull with the engines it needs to continue competing in Formula One. Rather than sell the team the same engines its own competition department uses, the Maranello outfit suggests creating a separate engineering program for Red Bull to get its own engine package. The issue of where Red Bull will get its engines has been looming over the paddock for several months. Though its current partnership with Renault yielded four straight world championships, the relationship has gone sour over the last couple of years as performance has dropped off. That has left Red Bull looking for a new engine supplier, but with Ferrari, Mercedes, and Honda all powering their own entries, none have been particularly keen to motivate Red Bull. A proposal to bring Volkswagen into the sport in partnership with the team fell apart in the wake of the diesel emissions scandal. And while the FIA may be moving ahead to bring an independent engine supplier into the series, that doesn't look likely to take shape in time for next season. Ferrari – like Mercedes and McLaren-Honda – says it won't simply hand one of its chief rivals the same engine package as it uses itself. But speaking to Motorsport.com at Ferrari's Finali Mondiali event at Mugello this weekend, Sergio Marchionne proposed a different course of action. That would involve making the building blocks of Ferrari's power unit, along with the wealth of its engineering talent, available to Red Bull for the team to plot its own engine development program in parallel to Maranello's own. The Ferrari chairman (and Fiat Chrysler chief) says he has already raised the idea with Red Bull chief Dietrich Mateschitz and his racing adviser Helmut Marko. If it does work out, we could potentially see Ferrari setting up similar programs with its other customer teams. Those currently include Sauber and Marussia, and Haas and Toro Rosso could soon join the mix as well. Adding Red Bull would mean that over half of the grid would be powered by Ferrari engines as soon as next season. Related Video: News Source: Motorsport.comImage Credit: Red Bull Motorsports Ferrari F1

2017 Ferrari Model Year Preview and Updates

Despite the stereotypes surrounding Ferrari and its owners, at least a few of these automotive thoroughbreds are still bought for driving. And in 2017 the driving has never been better. A V8-equipped GTC4Lusso T is a welcome addition, while the entry-level California T remains relatively accessible. FERRARI 488 GTB/GTS: Some forty years after introducing the now-iconic 308 GTB, Ferrari continues the 'Berlinetta' format with power supplied by a 3.9-liter twin-turbo V8. The GTS (Spider) shares the same drivetrain and architecture, but offers a power retractable hardtop that folds in 14 seconds. Both are unchanged for the 2017 model year. CALIFORNIA T: Ferrari's most accessible GT now offers a Handling Speciale package, which makes the California's handling more 'special', with stiffer springs and magnetic dampers reprogrammed for a more athletic dynamic. This mod also ups the decibels by three. It, too, is powered by a 3.9-liter V8, albeit in a lower state of tune than the 488. F12 BERLINETTA: You may have missed the F12tdf, as fewer than 800 examples were produced. The Tour de France commemorative offered an upgraded V12 in combination with a faster acting twin-clutch gearbox. The V12 remains naturally aspirated, and delivers – in either standard or tdf versions – over 700 horsepower. GTC4LUSSO: The family-friendly Ferrari boasts generous 2+2 seating. For 2017 there's a massaged V12 and new touchscreen. With all-wheel drive this is the all-season, all-climate Ferrari. GTC4LUSSO T: Take the GTC4LUSSO, pull out the V12/AWD drivetrain and substitute the same V8 as the California T, in combination with rear-wheel drive. The combo is lighter, tighter, less expensive, and brand new for 2017.