Michael Schumacher's family puts eight watches up for sale, including his F.P. Journe timepiece which could fetch millions [Fortune]
SWATCH GROUP AG UNSP/ADR (SWGAY)
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Source: Fortune
The timepieces include a unique F.P. Journe Vagabondage 1 Model from 2004 that commemorates each of Schumacher's F1 championship wins. It was given to the German-born driver by his Scuderia Ferrari team principal, Jean Todt. The watch is “arguably the most important Vagabondage F.P. Journe ever made,” Remi Guillemin, Christie's head of watches in Europe and the US, said in an interview. The platinum-cased, custom red-dialed watch with a gold movement has a wandering hours display showing the Ferrari logo as well as Schumacher's distinctive helmet. The one-of-a-kind timepiece from the Geneva watchmaker could fetch more than 1 million Swiss francs ($1.1 million) at auction, Guillemin said. Other Schumacher watches to be sold in Geneva on May 13 include an Audemars Piguet Royal Oak chronograph in white gold with a white dial showing the emblem of Schumacher's Ferrari team on a subdial, as well as six stars on another to mark the six F1 championships Schumacher had won between 1994
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