Former Michael Schumacher F1 car sells for incredible £5.69m

A Ferrari Formula 1 car formerly raced by the most successful driver in the sport's history has sold at auction for a record amount. The Ferrari F2001, raced by F1 icon Michael Schumacher, attracted plenty of attention when sold by RM Sotheby's in New York, and backed that up with the hammer falling at an amazing $7.5 million (£5.69m).

Sotheby's said the event was the first time a rare car had appeared in a fine art auction, and with its final selling price became the most valuable modern-era F1 car ever sold at auction. It's the very car that took Schumacher to his fourth of seven World Championship titles, clinching him his final Monaco win as well as the podium at the 2001 Hungarian GP, which cemented his title that season.