Michael Schumacher’s F1 watches promote for £3.5m at public sale as care prices spiral
Michael Schumacher’s family have sold the F1 star’s watches at auction – as his medical costs continue to spiral.
Schumacher, 55, is one of the greatest F1 drivers to ever get behind the wheel. However, the German’s life was turned upside down after a skiing accident in 2013 left him in a coma – since then, his health has been shrouded in secrecy.
He’s reported to have received medical care costing as much as £115,000-a-week as his family and friends hope he can recover. That medical care includes a team of 15 nurses and doctors offering around-the-clock care for him.
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READ MORE: Michael Schumacher’s family auctioning off F1 star’s watch collection for £5m
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Tyson Fury and Oleksandr Usyk are set to lock horns in a huge clash this month with each fighter attempting to etch their names in boxing history as the first undisputed heavyweight champion since 1999. The stakes couldn’t be higher as the pair will go head to head for the prestigious WBC, WBA, WBO, and IBF titles.
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Eight watches belonging to the F1 icon were put on at auction in Geneva on Tuesday (14 May). Schumacher was an avid watch collector, and the timepiece that fetched the highest price was a vintage pink Patek Philippe that sold for $2,711,500 (£2,150,761).
While a custom platinum watch from F.P. Journe known as the Vagabondage 1 – which features an 18-carat white gold and a red watch face emblazoned with a Ferrari logo and Schumacher’s racing helmet – fetched $1,646,700 (£1,306,162).
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(Image: MARTIAL TREZZINI/EPA-EFE/REX/Shutterstock)
(Image: AFP via Getty Images)
There was another custom watch at the auction on Tuesday afternoon – a white gold Audemars Piguet Royal Oak chronograph.
The white-faced watch also features Schumacher’s helmet and the iconic Ferrari prancing horse as well as six stars on the 30-minute counter to symbolise Schumacher’s six world championship wins up to 2003 – he would win his seventh the following season.
That watch sold for sold for $457,380 (£362,825).
(Image: MARTIAL TREZZINI/EPA-EFE/REX/Shutterstock)
(Image: AFP via Getty Images)
In total, all eight watches sold for over £3.5million.
Remi Guillemin, Christie’s European watch head, revealed he had discussions with Schumacher’s family regarding selling the watches for the past two years.
He said the family made the decision to sell the watches to cater to collectors, Formula 1 enthusiasts and fans of the renowned driver.
