The Formula 1 Car collection Bernie Ecclestone is selling for a record sum for Red Bull heir

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Bernie Ecclestone achieved a record sale by removing his known historical Fleet Grand Prix and Formula 1 cars, that are value about half a billion kilos.

The 94-year-old were Supremo Formula 1, which collected these vehicles in five a long time, sold your complete collection of 69 cars Marek Mateschitz, son of the deceased founder Red Bull Dietrich Mateschitz.

32 -year -old Mateschitz inherited 49 percent of the Global Energy Energy Empire in October last 12 months and confirmed that he was planning to open a collection to observe public within the near future. Although financial data remain confidential, it is said that the contract is the most precious transaction that may ever occur on the collector’s automobile market.

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Among the highly valued exhibits are Ferraris, which once raced world champions Mike Hawthorn, Niki Lauda and Michael Schumacher, in addition to a variety of Brabham cars piloted by Nelson Piquet, Carlos Pace and Lauda himself. The iconic one-time Brabham-alpha Romeo BT46B “Fan Car”, which was famous just once, triumphing within the Swedish Grand Prix in 1978.

According to Broker Tom Hartley Jnr, who managed sales, there has never been a classic automobile transaction “, which even approaches” by way of scale and value. He revealed that potential buyers all over the world have an interest, including two sovereign property funds, but noticed that Ecclestone had a special preference for Mateschitz.

Ecclestone announced at the tip of 2023 that he would sell the collection, although he emphasized that his decision was not related to his recent legal issues. For fraud, he didn’t declare trust value over 400 million kilos, he achieved a settlement, which contained payment for revenues from HM and a customs and suspended prison sentence of 17 months. Nevertheless, Ecclestone insisted that these circumstances wouldn’t affect his readiness to part with worthwhile cars, as an alternative citing the will to save lots of his family before coping with the logistic challenges of such a significant property.

Hartley Jnr confirmed that the unique, private Ecclestone approach helped make sure the optimal result, free from unpredictable elements often observed at auctions. He praised extensive research efforts behind sales, which included the control of Ferrari archives to confirm the history of racing and the chassis of every automobile.

Mateschitz, the one son of Dietrich Mateschitz, expressed the delight that Ecclestone entrusted him with such a historically significant range of machines. He undertook to keep up and expand the collection, and is widely expected to be displayed in Austria, reflecting the Red Bull roots within the country.

Ecclestone, for his part, described the transfer as relief and expressed the satisfaction that these iconic Formula 1 cars would remain under the direction of significant automobile racing enthusiasts. Although the contract has been quickly finalized, people from the industry consider that it is unlikely to be higher by way of size or prestige within the foreseeable future.


Jamie Young

Jamie is a senior reporter at Business Matters, bringing a decade of experience within the British business report of the SME. Jamie has a diploma in business administration and often participates in industry conferences and workshops. Without reporting the newest business achievements, Jamie is enthusiastic about the mentoring of developing journalists and entrepreneurs to encourage the subsequent generation of business leaders.

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