Schumacher’s 1994 Benetton Racer Sells for $1.01 Million
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The 1994 racer in which Michael Schumacher won the first of his seven Formula 1 titles sold for 617,500 pounds ($1.01 million) at a classic-car auction that included the highest price ever paid for a commercial vehicle at a public sale.
The Benetton-Cosworth Ford B194 had been given a minimum valuation of 600,000 pounds by Bonhams in its inaugural classic car event at the company’s redesigned headquarters in London. The restored racer, in its original blue and green “Mild Seven” livery was bought yesterday by an unidentified bidder on the telephone.