In a recent transaction involving high octane and high value, Bernie Ecclestone, the former supremo of Formula 1, has parted ways with his expansive collection of F1 cars. The recipient of this impressive assembly of automotive history is none other than Mark Mateschitz, the co-owner of Red Bull GmbH, and son of the late Red Bull founder Dietrich Mateschitz.
The collection, conservatively estimated to be worth a staggering £500 million, comprises of 69 pieces of F1 history. The deal was first reported by MailOnline, shedding light on a significant transfer of assets within the motor racing world. The collection now in Mateschitz’s hands is regarded by auctioneers Tom Hartley Jnr Ltd as “the most important race car collection in the world.”
Mateschitz, who inherited a 49% share in Red Bull from his father, is reported to be close to the Ecclestone family. The new owner of this esteemed compilation hinted at possible public viewings, stating, “in the near future it will be made accessible to the public at an appropriate location,” and even suggested that he may “expand” the collection. The exact amount Mateschitz paid for the collection remains confidential.
Ecclestone, aged 94, expressed satisfaction with the transaction, stating, “These are unique vehicles. They have written sport history and marked technical milestones. They embody 70 years of F1 history. It means a great deal to me to know that this collection is now in the very best of hands. Mark is the best and most worthy owner we could ever imagine.”
The collection showcases a wide variety of F1 machines, including the iconic Ferrari F2002. This particular car, driven by Michael Schumacher, secured the racing legend his fifth World Championship title with 11 wins from 17 races. Another standout piece in the collection is the Brabham BT46, also known as the ‘fan car’, from Ecclestone’s time as owner of the Brabham team in 1978.
The ‘fan car’, designed by Gordon Murray, was an engineering marvel that used a fan to extract air from underneath, generating a substantial amount of downforce. The car, driven by Niki Lauda, won the Swedish Grand Prix in its only race before it was retired due to concerns raised by other teams.
Ecclestone decided to sell the collection to prevent his family from being burdened with it upon his passing. With its new owner, the collection stands as a tribute to the rich heritage and evolution of Formula 1 – including a healthy representation of Ferraris from various eras, as well as other notable pieces of racing history.