(14 May 2024)
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Geneva, Switzerland – 14 May 2024
1. Wide of Christie’s auction
2. Close of staffer taking calls
3. Mid of buyer raising paddle, staffer raising bid
4. Mid of auctioneer Julien-Vincent Brunie, international head of private sales at Christie’s
5. SOUNDBITE (English) Julien-Vincent Brunie, Christie’s auctioneer:
"And now, ladies and gentlemen, the moment we have all been waiting for: the incredible property of Michael Schumacher, the legendary Formula One icon.”
6. Mid of staffers taking calls from auction participants
7. Wide of auction
8. Close of screen showing Audemars Piguet watch owned by Schumacher
9. Wide of auction
10. Mid of screen showing top lot, F.P. Journe watch owned by Schumacher
11.SOUNDBITE (English) Julien-Vincent Brunie, Christie’s auctioneer:
"1,200,000 (Swiss francs): Sold to you, Paddle 9055. (applause). Thank you very much."
12. Tilt down from poster of watch
13. Close of watches in display case
14. Mid of Christie’s staffers chatting
15. SOUNDBITE (English) Remi Guillemin, head of watches for Europe and the Americas for auction house Christie’s:
"So our auction totalled 22 million Swiss francs roughly. It’s a great result in the current market. Michael Schumacher’s collection sold for around 4 million. All of the watch(es) sold from the Michael Schumacher collection. So we’re absolutely delighted about this."
16. Close of Guillemin
17. SOUNDBITE (English) Remi Guillemin, head of watches for Europe and the Americas for auction house Christie’s:
"The top lot of the sale was the ‘Vagabondage’ Francois-Paul Journe wristwatch, a unique wristwatch made for Michael Schumacher. It sold for around 1.5 million Swiss francs, buyer’s commission included."
18. Close of tie
19. SOUNDBITE (English) Remi Guillemin, head of watches for Europe and the Americas for auction house Christie’s:
"What we can say is that the set of Ruthenium (boxed set) timepieces from Michael Schumacher went to the same buyer, so the integrity of the set of the five ruthenium pieces remains."
20. Mid of security guard closing case
21. Various exteriors of Geneva hotel hosting Christie’s auction
STORYLINE:
Eight watches belonging to auto racing icon Michael Schumacher sold on 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.
The custom-made platinum timepiece from F.P. Journe, the Vagabondage 1, features 18-carat white gold, a red watch face and images of a Ferrari logo, Schumacher’s racing helmet and a “7” — to honor his seven World Championship victories.
Remi Guillemin, head of watches for Europe and the Americas for auction house Christie’s, declined to identify the buyer, but said that five watches in the Ruthenium collection — a boxed set — were purchased by the same buyer.
"So our auction totalled 22 million Swiss francs roughly. It’s a great result in the current market," he said. "Michael Schumacher’s collection sold for around 4 million. All of the watch(es) sold from the Michael Schumacher collection. So, we’re absolutely delighted about this.
Schumacher, who retired from F1 in 2012, shares the record for most F1 titles with British driver Lewis Hamilton.
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