Ferrari is tip of valuable car market


Michael Schumacher drove this Ferrari F1-2000 to victory at the 2000 Brazilian Grand Prix. — Bloomberg

ON April 12, an old Ferrari that Michael Schumacher drove to his first Formula 1 World Championship in 2000 sold for an undisclosed amount at a private auction in Hong Kong.

The lightweight land rocket, a Ferrari F1-2000, had brought the racing team its first world title in more than two decades, and it set up Schumacher to win four additional championships with Ferrari in the following consecutive years.

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