The F2001 not only secured a win at Monaco but also contributed to Schumacher's triumph at the Hungarian Grand Prix that same season, marking the fourth of his seven world championships. The auction took place just ahead of the current Monaco Grand Prix weekend, solidifying its status as the highest-priced vehicle ever driven by the 56-year-old racing legend. This sale ranks as the fourth-most expensive Formula One car to change hands, with the all-time record being held by a Mercedes 'streamliner' that fetched £42.75 million earlier this year.

Previously, the highest amount paid for a Schumacher car was £9.75 million for his F2003 model back in 2002. Coincidentally, this year’s Monaco Grand Prix sees Ferrari looking to recapture the glory of the 2001 season, with Charles Leclerc qualifying second on the grid, just behind McLaren's Lando Norris.

Related topics: Formula 1, car auctions, Michael Schumacher, Ferrari.