The classic Ferrari car, which was used by Formula One legend Michael Schumacher for 38 races, has reportedly been sold for a whopping 1.7 million dollars at an American auction.
According to the Mirror, the 1998 Ferrari F300, which was used by Schumacher for 38 races throughout the season 16 years ago, was sold at the Barrett-Jackson auction held in Arizona, US.
The auctioneers released a statement, saying that the car, which was accompanied by its Classic certificate and Ferrari documents, has been fully restored by Ferrari and is eligible for a number of historic events. The statement further said that the 1998 F300 Chassis 183 was an integral part in re-establishing Ferrari's dominance in F1 racing.
Image: Ferrari driver Michael Schumacher of Germany during practice for the Brazilian Grand Prix at Interlagos in Sao Paulo, Brazil on March 27, 1998
Photograph: Mandatory Credit: Mike Cooper /Allsport
Stadium hosting World Cup opener almost ready
Indian F1 GP was good start; shame it can't return: Damon Hill
Doriano Romboni dies at Simoncelli tribute event
Schumacher 'slightly better' after 2nd operation: Doctors
What's Twitter phenomenon Alok Nath really like?