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Michael Schumacher's 2001 F1 car sells for $7.5m, nearly twice its estimate

Sotheby's auctioned one of Michael Schumacher's Formula 1 race cars this week, and it went for an impressive $7.5 million. When the auction house announced the car would be offered, it was estimating that it would go for around $4 million, making this a major success. The company also claims it's the most expensive modern era F1 car sold, though Sotheby's doesn't say what constitutes as "modern." It did sell for about twice what the last Schumacher F1 car sold through Sotheby's went for. That car was from the 2004 season and sold for just under $3.2 million. This particular car, an F2001 that, not surprisingly, was used during the 2001 F1 championship. It won two of the three races it participated in, and helped Schumacher win one of his 7 championships. It's in racing condition, and Ferrari will help with storage and transport for the car. The car's sale isn't just about a rich person getting a fancy collectable or toy though. Sotheby's notes that an undetermined portion of the proceeds will go to Michael Schumacher's charity, Keep Fighting. Among the charity's causes are road safety and head safety. The latter isn't surprising considering Schumacher's unfortunate skiing accident in 2013 that left him with a traumatic brain injury. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2001 Ferrari F2001 Image Credit: Sotheby's Celebrities Motorsports Ferrari Auctions Car Buying Racing Vehicles Performance michael schumacher RM Sotheby's sothebys

Watch the Ferrari F8 Tributo in its first official videos

The Ferrari 458 Italia has played a core role for the Italian brand since its debut all the way back in 2009 and has been in a perpetual state of improvement throughout the 10 years. It has evolved through numerous stages and earned a new name at each step, from the Speciale to the 488 GTB to the Pista to the newest model, the F8 Tributo. Although each car has the same genes, every one has a slightly different look due to numerous aerodynamic tweaks and subtle bodywork changes. The new angles are obvious in the Tributo's first official videos released this week. The video above premieres the car in a mountainous environment with all the curvy roads one could ever need. It flips between close-ups of the car, driving shots, and hazy smoke-filled displays of power. The only negative is the super-quick cuts don't allow much time to stare. The videos below put the F8 Tributo's aerodynamics and power on display. Several parts of the Tributo's salacious body is functional, including the front S-Duct, the front splitter, the underside vortex generators, the beefier rear spoiler, and the rear diffuser. It also has some hidden tricks using active features. Overall, Ferrari says it has 10 percent better efficiency than the 488 GTB. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Power comes courtesy of a different 458 family member, the 488 Pista. They share Ferrari's twin-turbo 3.9-liter V8 that makes 710 horsepower and 568 lb-ft of torque. It's the most powerful V8 Ferrari has ever put in a car that wasn't part of a special series. Get more familiar by watching all three clips. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Ferrari SP3JC one-off channels vintage roadsters with a color-wheel twist

Not long after we posted on rumors of a Ferrari 812 Spider, we get this, the Ferrari SP3JC. This is no 812 Superfast, though, it's a one-off commission based on running gear from the limited edition F12 TDF. John Collins, owner of classic Ferrari dealer Talacrest in the UK, provided the dream, the funds, and therefore the "JC" in the open-top's name. We'll assume this being Ferrari's third Special Project this year contributed the rest of the alphanumeric. Collins said the project took 3.5 years from dream to completion, and Ferrari said the design process consumed two of them. While there have been at least six special editions and commissions based off the F12, this is the first one-off to use the F12 TDF. The Italians say the SP3JC is "designed to pay homage to company's classic 1950s and 1960s roadsters." A much wider power bulge in the hood falls all the way into the grille of the redrawn front fascia. New vents appear at the corners of the bumper. Above, instead of the F12 TDF's small hood vents, two large, transparent panels provide views of the 6.3-liter V12. At the side, instead of the modern rising fender line from front wheel to cowl, the fender descends on its way rearward akin to Ferraris of old. The redrawn panels move the donor car's vent to above the rocker panel, and erases the three vents over the rear wheels. In back, 812 Superfast taillights preside over a layered fascia with three full-width vents and a jutting diffuser. The 812 Superfast also donated its wheels. Roll hoops stand guard behind the seats. According to a poster on Ferrari Chat, the SP3JC doesn't come with a roof. About that paint scheme: There were plenty of vibrantly hued classic Ferraris, but we don't know of any that put so many hues on one body. Ferrari says the mashup here was inspired by Collins' "passion for Pop Art." Bianco Italia mixes with Azzuro Met and Giallo Modena, right down to the yellow pinstripes on the wheels and the matching blue and white leather inside. Personally, we'd rather jump off with the F12 TRS when imagining what an 812 Superfast Spider could look like, but this is probably a better place to start. View 43 Photos Related Video: