1998 Ferrari F300 driven by Michael Schumacher sold at Barrett-Jackson auction

1998 Ferrari F300, car chassis no. 183. with 805bhp, 2,997cc DOHC and a V10 engine, 7-speed button-shift transmission, independent front and rear push rod activated torsion arm suspension, and 4-wheel ventilated carbon-ceramic composite disc brakes with a wheelbase of 116.25″ was up for Barrett-Jackson’s 43rd annual Scottsdale auction – held from Jan. 12-19, 2014. The F1 car was sold for a price of $1,870,000 inclusive of Buyers Commission.

The precursor to Ferrari’s millennial F1 dominance. On January 7, 1998 Ferrari debuted a car that would change the company’s racing future in Maranello, Italy. Over 800 journalists got a first look at the company’s latest engineering marvel, the F300. It is arguably one of the most important cars in Ferrari F1 race history. The 1998 Ferrari F300 played a crucial role in the Italian car company’s return to dominance in F1 racing, setting up legendary driver Michael Schumacher to win five world championships.

Driven 38 times around the world by Schumacher, this third chassis off the assembly line of nine total F300s (Chassis number 183) is widely credited as one of the most important of the principle test cars during early proving sessions. It is no coincidence that Ferrari had six consecutive winning seasons after the introduction of this car. It should be noted that Schumacher won six races and had 11 total podiums in 1998 alone.

Schumacher who had two World Championships already under his belt, had been hired away from Benetton in 1996 before the five World Championships for Ferrari, which may be the reason that the official Formula One website has declared him as “the greatest driver the sport has ever seen.” It is a rare occasion when such an important piece of racing history, a truly pivotal chapter in Ferrari’s dominance in the F1 sport, is offered for sale at auction. What made this car special was its novel aerodynamic design approach which, in the years to come, would ensure Ferrari’s superiority over its rivals.

This chassis 183 F300 met those demands. Powering this car was the new Tipo 047, a V10 engine with opposing cylinders set at an 80-degree angle and capable of 805hp @ 17,500rpm. In 2011, it was once again invited to take part in Ferrari F1 Clienti events in Mugello in April followed by an appearance at Imola in June and then at the Ferrari Finals in November. The car is in pristine condition. It is worthy of being displayed in the Smithsonian, toured with world-class events, donated to charitable causes, kept in private collections or driven with the Ferrari F1 Clienti Program. Accompanied by its Classiche certificate and Ferrari documents showing the car was driven by Michael Schumacher 38 times, this car has been fully restored by Ferrari and is eligible for a number of historic events.

The 3.0L, V10 manual transmission is an actual verified Ferrari that has been piloted by seven-time World Champion Michael Schumacher. This F1 beauty was an integral part in re-establishing Scuderia Ferrari’s dominance in Formula 1 racing. Michael Schumacher’s five championships with Ferrari began with the time he spent driving this car. And obviously it’s not street legal.

1998 FERRARI F300