Michael Schumacher's famed Ferrari was auctioned for a record $14,873,327 (approximately Ksh1.8 billion) on Wednesday, November 9, 2022, in Geneva, Switzerland.
The car, which registered more than 5 victories, including the 2003 World Championship, was bought by an individual who made the bid using his smartphone.
According to the Daily Mirror, despite spending a huge amount of money, the new owner will have to request permission to drive it.
“The new owner of the car cannot take it home and must request to use it on track days as part of a Ferrari client programme.
“It can be delivered to any circuits across Europe and the US, and comes with analysis tools and coaching from ex-drivers,” the statement read.
Schumacher's Ferrari was designed by the duo of South African car designer Rory Byrne and British engineer Ross James Brawn in 2003 after the F2002 failed to impress.
It has an astonishing rev limit of 19,000 rpm and produces up to 930 bhp.
Some of the titles that Schumacher won using the legendary car include the Canadian, Austrian, and Italian Grand Prix.
The car also secured three fastest laps and pole positions and two podium finishes at both the French and Monaco Grands Prix.
Since suffering a serious injury in 2013, Schumacher has not made any public appearance, and his loved ones have not released any information concerning him.