Millions paid for Schumacher watches


Eight watches belonging to Formula One legend Michael Schumacher sold for millions at an auction in Geneva, Switzerland, on Tuesday.

The seven-time F1 world champion was an enthusiastic watch collector until he was seriously injured in a skiing accident in December 2013. Schumacher has not been seen in public since.

Two of the watches sold at auction by auctioneer Christie’s were personal gifts that Schumacher received from former Ferrari team principal Jean Todt to celebrate his achievements on the racetrack with the Italian manufacturer.

An FP Journe Vagabondage, with a dial that pays tribute to the seven F1 world championships that Schumacher won, was auctioned for $1.6 million (almost R30 million).

The buyer of a vintage pink-gold Patek Philippe watch shelled out $2.7 million (almost R50 million) for it.

Remi Guillemin, watch specialist at the auctioneer, thanked the Schumacher family for their trust in Christie’s with the sale of the watches.