GENEVA: Eight watches belonging to auto racing icon Michael Schumacher sold Tuesday for nearly 4 million Swiss francs ($4.4 million) at a Geneva auction.
The top piece in the sale, organized by Schumacher’s family, was a watch given to the German racing superstar by former Ferrari CEO Jean Todt as a Christmas present in 2004. The hammer came down at a price of 1.2 million francs, or 1.5 million including the buyer’s commission.
That was well within the pre-sale estimate range of 1-2 million francs.