Michael Schumacher has THIRD Ferrari sold off at auction for £5m…with iconic F1 collection worth whopping £17m
FORMULA ONE legend Michael Schumacher's legendary Ferrari has been sold at auction for £5million.
The German's iconic car from 1998 has a 100 per cent winning record, the only car to ever be used more than three times and win every race.
Schumacher, 53, won all four races in this version of the F300.
The first victory came at the Canadian GP, followed by wins in France and at Silverstone. He then took the chequered flag in Monza too.
However, that was not enough to win that year's title as Schumacher was beaten by Mika Hakkinen.
The vehicle has the chassis number 187, a complete three litre V10 engine and 800 brake horsepower.
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It was sold by Sotheby's Auction House for £5,272,818 in Monterey, Mexico.
It becomes the fourth most expensive F1 car ever behind two other Ferraris driven by the seven-time world champion and a vintage Mercedes.
The third most expensive was Schuey's car used in the 2002 Austrain Grand Prix where he was controversially allowed to overtake team-mate Rubens Barrichello on the last lap to win the race.
He went on to win the championship in the car.
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In second place was Schumacher's 2001 car used in the Monaco Grand Prix that hit the £6million mark.
It takes the total sales of legend's F1 cars to £17million.
The most expensive ever sold is the 1954 Mercedes W196R driven by Juan Manuel Fangio as he won the title.
Schumacher himself has a £7million car collection that includes a rare Ferrari he drove in F1 worth £2.8million.
It was purchased for a staggering £24.5million.
Schumacher current health state is unknown following his skiing accident in 2013 but it's reported his family is paying £115,00-a-week for special care.