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1
90,000 GBP
GBP
150,000 - 200,000 GBP
Live auction
Lot closed
Lot location
-
A rare and unique 1:3 scale radio-controlled replica of the Ferrari F2002 Formula 1 car autographed by Michael Schumacher. 1000 hours, three years from conception to realisation. An embodiment of Stéphane Andrist’s vision at Atelier Medicatech, this scaled-down replica of the Ferrari F2002 was signed by world champion Michael Schumacher in 2003.Discover a masterpiece of engineering and craftsmanship: a 1:3 scale radio-controlled formula 1 car precisely inspired by the 2003 Ferrari world champion model, a perfect fusion of passion and precision.It is a collector’s piece, a mobile work of art that captures the essence of the legendary Ferrari brand. Its meticulous design, blending aesthetics and technology, makes it an exceptional item for collectors and model enthusiasts. It captivates with its elegance, power, and authenticity. This miniature Formula 1 is an invitation to own a piece of dream, a captivating experience that transcends time and space.Now offered for sale, seize the unique opportunity to add this extraordinary work of art to your collection, a symbol of perfection and automotive passion.A history of precision.We were looking for an exceptional and demanding project to serve as a common thread in the training of our apprentice mechanic. Since we are all passionate about F1 and fans of Michael Schumacher, the idea of building a replica of the world champion Ferrari seemed like an obvious choice.Discover the epic tale of the construction of our remote-controlled replica of the Ferrari F2002 piloted by Michael Schumacher: a colossal project that engaged our team for three years, embodying the pinnacle of expertise, precision, and Swiss quality.With an investment of 1000 hours of work, this collector’s item is more than just a model; it’s a true mechanical and artistic feat. At the heart of this project was a formative challenge for our apprentice mechanic, a journey marked by learning, innovation, and passion.This project is the result of unprecedented teamwork. Each member of our company brought their unique expertise, creating perfect synergy among different trades. We pushed the boundaries of our skills to achieve a common goal: to bring this F1 legend to life.The creation of the CAD plans, based on manual measurements of a 1:18 scale model, demonstrates our commitment to precision and detail. Every component of the replica, custom-made in our mechanical workshop, reflects our determination to push the limits of what’s possible.Stéphane Andrist, master mechanic.Our F1 project was a unique opportunity to combine my profession as a precision mechanic, my talent as a trainer, and my passion for model-making.The Léman region, located in the heart of Europe, is a true hub of technology and innovation, reflecting the excellence and dynamism of Swiss expertise.This is where we find Stéphane Andrist. Co-founder of Medicatech and head of its quality service, Stéphane has a federal mastery in precision mechanics. The family business, founded by his father in 1979, is a pioneer in the creation and maintenance of cutting-edge surgical equipment.A model-making enthusiast, and a fan of Formula 1 and the Ferrari brand, Stéphane chose to use an existing tire model to determine the scale of the car.Under the hood, two 4-stroke OS Pegasus F320 engines with opposing four cylinders, each 53.3 cm3. Also trained as a bodywork designer, he knows that this project can be achieved with respect for the finest technical and aesthetic details.Training company, Medicatech hires Thierry de la Harpe as an apprentice in 1999. Following Stéphane’s vision and under his supervision, Thierry develops the necessary techniques to complete this unique piece, managing several stages independently.Thierry de la Harpe receives the award for the best apprentice in his class (BOBST and GIM-CH prize) and receives a scholarship from the Lions Club to continue his engineering studies, which he completes with distinction.A moment in history.One day in November 2003, a car pulls up in our parking lot. Michael Schumacher steps out, dressed in gardening clothes. He had heard about our creation and asked us if we could give him a presentation.Enthusiastic and thrilled, he offers to sign the rear spoiler as a token of his interest.From the beginning of this adventure, we had dreamed that the global star Michael Schumacher would come to see this model of the Ferrari F2002 - which helped him win his title the previous year.The region of La Côte, on the north shore of Lake Geneva, maintains a special relationship with Formula 1 champions - Alain Prost has been settled there for several years, and Michael Schumacher spends his off-season there with his family.Enthusiastic support from the regional press, a mutual acquaintance, and an unexpected meeting at the local gas station led to the champion, who had just been crowned for the third time, hearing about the project.Attentive and very comfortable, he was captivated by the story and the educational aspect of the project. He offered to sign the rear spoiler, specially reserved for him.Specifications:Except for the engine, shocks, differential, clutch, brake pads, and spoilers, all of the mechanical parts were manufactured in Medicatech’s workshops.Length: 1786 mm.Width: 728 mm.Wheelbase: 1230 mm.Minimum turning radius: 6021 mm.Weight: 32 kg.Estimated single-speed velocity at 80 km/h.Tires: 10-inch kart tires at the front, 11 inches at the back.Engines: 2 OS Pegasus F320 engines of 53.5 cm3 each, 4 opposing cylinders, 4 strokes coupled and mounted transversely in the chassis.Transmission: centrifugal clutch, belt drive.Suspensions: independent, double wishbone, 4 hydro-mechanical shock absorbers.Brakes: ventilated disc with two hydraulic jaws per wheel.Start of manufacturing: 2000.End of manufacturing: 2003.Thierry de la Harpe was awarded the epic professional school prize for his work at the end of his mechanic apprenticeship journey.The car was exhibited at the Lausanne model-making fair in 2003 and tested during several presentations in Bière.It has since been owned by the company Medicatech SA.
The Race: Formula 1 Memorabilia Auction
Live
Venue address
Unit 18 Leyland Trading Estate
Wellingborough
NN8 1RT
United Kingdom
The Race: Formula 1 Memorabilia Auction

F1 Sporting Memorabilia

Auction dates
04 Jul 2024 18:30 BST
Lots: 1 to 67
Viewing dates
By appointment only
Auction currency
GBP
Accepted cards
Other payment methods

Collections and Shipping Logistics:

On receipt of cleared funds, lots can be collected from our Wellingborough Auction Room. Please contact the auctioneer for the full details and to make a timed appointment. Alternatively, we can organise packing for postage and shipment on a worldwide basis. Please contact us for a quote.

On occasions due to high value, complicated customs arrangements or for the need of highly specialised packing, we will recommend a third-party professional packer and shipper. All glass will be removed from framed and glazed items prior to posting and may result in delays to shipping your items. (This service is included in the cost of postage and packing). We can also totally remove all framing and mounts upon request to reduce shipping costs.

Overseas Bidders are responsible for all import duties, customs charges, and VAT payable in the destination country. Customs declarations will be based on the final hammer price of winning bids without exception. We are currently seeing unprecedented delays in customs clearance times around the world, it is not uncommon for this to take several weeks and unfortunately, we cannot do anything to expedite the process or be held responsible for any delays.

TERMS & CONDITIONS FOR BIDDERS & BUYERS

1. Conditions of Business:

All lots are offered subject to Graham Budd Auctions Ltd Conditions of Business which can be viewed in full at our website www.grahambuddauctions.co.uk

2. The Auction:

The auction is being conduct as a live stream broadcast.

3. Conduct of the Auction:

The auctioneer will commence the bidding and advance the bidding in such increments as he considers appropriate. The contract between the buyer and the seller is concluded on the striking of the auctioneer's hammer. The auctioneer shall have discretion to refuse bids, withdraw or re-offer for lots for sale (including after the fall of the hammer) if he believes that there may have been an error or dispute, and may also take such other action as he reasonably deems necessary. Title in a lot will not pass to the buyer until Graham Budd Auctions has received the purchase price in cleared funds. Remedies for non-payment are stated in our Conditions of Business which can be viewed in full at our website www.grahambuddauctions.co.uk 

4. Pre-Sale Viewing:

We are offering pre-sale viewing of lots at our Wellingborough Auction Room. This is strictly by a pre-arranged timed appointment to be requested by email. The last opportunity to view lots at our premises is Friday 28th of June.

5. Condition Reports:

Any requests for condition reports or additional photographs must be received by email by Friday 28th of June.

It is recommended that prospective Bidders inspect the lots on which they intend to bid, we accept bids from potential Buyers on the basis that Buyers (or their advisors) have fully accepted the lot prior to bidding and have satisfied themselves prior to bidding in relation to the condition and accuracy of the description of the lot.

6. Overseas Bidders: 

Are responsible for all import duties, customs charges, and VAT payable in the destination country. Customs declarations will be based on the final hammer price of winning bids without exception.

We are currently seeing unprecedented delays in customs clearance times around the world, it is not uncommon for this to take several weeks, and unfortunately, we cannot do anything to expedite the process or be held responsible for any delays. 

7. Collections and Shipping Logistics:

On receipt of cleared funds, lots can be collected from our Wellingborough Auction Room. Please contact the auctioneer for the full details and to make a timed appointment.

Alternatively, we can organise packing for postage and shipment on a worldwide basis. Please contact us for a quote.

On occasions due to high value, complicated customs arrangements or for the need of highly specialised packing, we will recommend a third-party professional packer and shipper.

All glass will be removed from framed and glazed items prior to posting and may result in delays to shipping your items. (This service is included in the cost of postage and packing). We can also totally remove all framing and mounts upon request to reduce shipping costs. 

Overseas Bidders are responsible for all import duties, customs charges and VAT payable in the destination country.

Customs declarations will be based on the final hammer price of winning bids without exception.

We are currently seeing unprecedented delays in customs clearance times around the world, it is not uncommon for this to take several weeks and unfortunately we cannot do anything to expedite the process or be held responsible for any delays. 

8. Bidding:

All bidders are required to register in the auction Online well in advance of the auction commencing in order to place a absentee bid or book a telephone line on any lot with the Auction House or bid on the Online Platforms.

A form of government-issued proof of identification (photographic identification with proof of current address) will be required at the time of registration, for all Absentee, Telephone and Online Bidding.

Room bidding is limited, please email the auction house to enquire.

Lots will only be invoiced to the name and address on the bid registration form and cannot be transferred to another name and address. We can only accept payment for the lot from the registered Bidder. 

9. Absentee Commission Bidding:

If you are unable or do not wish to bid live online on the auction day, we accept absentee commission bids, these need to be emailed to the auctioneer by Friday 28th of June prior to the auction, after which a confirmation email will be sent to you.

You will be required to declare your maximum limit, but the auctioneer will try and achieve the most inexpensive price for you subject always to the reserve price and competition from other bidders.

Alternatively absentee bids can be left in your online bidding account on the Graham Budd Live and Saleroom bidding platforms.

10. Telephone Bidding:

As an alternative, there will be a telephone bidding service for the auction. Please email the auctioneer to reserve a telephone line by Friday 28th of June prior to the auction.

11. Buyer’s Premium and VAT:

The final selling bid at auction is known as the ‘hammer price'.

For bidders who have registered for the sale directly at Graham Budd Auctions, including for Live Internet Bidding, a buyer’s premium of 24% of the hammer price will be charged.

Bidders who registered directly at the-saleroom.com will be charged a 4.95% Internet bidders’ surcharge. 

Both the buyer’s premium and the internet surcharge are subject to VAT at the current rate of 20%.

An example for a lot purchased at £100 hammer for buyers who registered directly at Graham Budd Auctions, including for Live internet bidding, would be as follows:

£100 hammer
£24.00 Buyer’s Premium
£4.80 VAT (20% of £24.00)

TOTAL INVOICE: £128.80

An example for a lot purchased at £100 hammer for buyers who registered directly at the-saleroom.com would be as follows:

£100 hammer
£24.00 Buyer’s Premium
£4.95 Internet Surcharge
£5.79 VAT (20% of £28.95)

TOTAL INVOICE: £134.74

12. VAT in respect of non-UK buyers:

Buyers from outside of the UK, including EU countries, are not required to pay VAT on their purchases on condition that the goods are being shipped overseas and will not remain in the United Kingdom. Under these circumstances buyers will receive an export invoice which will not contain any VAT element.

An example for a lot purchased at £100 hammer for buyers who registered directly at Graham Budd Auctions would be as follows:

£100 hammer
£24.00 Buyer’s Premium

TOTAL INVOICE: £124.00

An example for a lot purchased at £100 hammer to a non-UK buyer who registered directly at thesaleroom.com would be as follows:

£100 hammer
£24.00 Buyer’s Premium
£4.95 Internet Surcharge

TOTAL INVOICE: £128.95 

13. Estimates:

Every lot in the auction has a published low and high estimate. Estimates are published as a guide only. The final hammer price of a lot may be higher of lower than the range of figures given and there are no predetermined starting bids. The published estimates are exclusive of buyer’s premium. Every lot in the auction is subject to a reserve price which is a confidential agreement between the seller and the auctioneer. The reserve price is never set higher than the published low estimate but can be set below it.

14. Artist’s Resale Rights (ARR) / Droit de Suite:

This is a royalty payable to a qualifying artist or the artist’s heirs each time a work is resold during the artist’s lifetime and up to a period of 70 years after the artist’s death.

This will be in addition to the Hammer Price, lots may qualify for and be subject to payment by the Buyer of the Artist’s Resale Right at a percentage of the Hammer Price calculated as follows: 

From €1,000 to €50,000 – 4%

From €50,001 to €200,000 – 3%

From €200,001 to €350,000 – 1%

From €350,001 to €500,000 – 0.5%

Exceeding €500,001 – 0.25%

Up to a maximum levy of €10,000 on any single lot. 

Any Artist’s Resale Right royalties will be calculated on the pound sterling/ Euro exchange rate quoted on the date of the auction by the European Central Bank. 

15. Currency:

The auction is held in the UK and will be conducted in British Pounds Sterling.

16. Payment:

Payment is due in sterling and before any property can be released. After the auction concludes successful buyers will be invoiced by email. 

If you have successfully bid online, you would have registered your debit/credit card details. We will not charge your card automatically as you may prefer to use a different method of payment (see below).

If you wish to pay by the registered card please authorise us to charge the card for the auction and email us notification. If we have not been contacted after seven days the registered card will automatically be charged.

For all payments please state your Buyer Number or Invoice Number as the payment reference.

Graham Budd Auctions accept the following methods of payment:

ELECTRONIC TRANSFERS AND INTERNET BANKING

Barclays Bank PLC, 212 Regent Street, London, W1A 4BP
Sort Code: 20-71-74
Account: 60420255
Account Name: Graham Budd Auctions Ltd

FOR OVERSEAS BUYERS

IBAN number: GB64BARC20717460420255

SWIFT/BIC: BARCGB22

*** Important Online Fraud Notice *** Graham Budd Auctions will never instruct you to send money other than to the bank details above. If you receive any communication in respect of payment that you consider suspicious always contact the auctioneer by telephone (not email) for authentication.

STRIPE

If you are a registered account holder at www.grahambuddauctions.co.uk you can pay safely and securely online and free with a Visa or MasterCard. Please quote the ‘Buyer Number’ printed on your invoice as the reference.

CREDIT or DEBIT CARD

At auction registration at the-saleroom.com you will have registered a credit or debit card. Although you have authorised us to use this card we will not do so automatically. However, if you do wish to pay on the registered card, please instruct the auctioneer accordingly. Alternatively, you may wish to use a different card to the one registered. Card payments can be made directly with the auctioneer by telephone with Visa and MasterCard.

*** Important Online Fraud Notice *** To avoid possible compromise, never email your card details to the auctioneer. 

Please note we no longer accept cash, cheques or bankers drafts as a method of payment.

17. Data Protection:

GBA will use information supplied by bidders or otherwise obtained lawfully by GBA for the provision of auction related services, client administration, marketing and as otherwise required by law. By agreeing to these Conditions of Business, the bidder agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in the above service provisions, and to the seller solely in the event on non-payment.

18. Miscellaneous:

All images of lots, catalogue descriptions and all other materials produced by GBA are the copyright of GBA.

Graham Budd Auctions’ Conditions of Business shall be interpreted in accordance with English Law, under the exclusive jurisdiction of the English Courts, in favour of GBA.

https://www.grahambuddauctions.co.uk/help/terms-and-conditions

Pre-Sale Viewing:

We are offering pre-sale viewing of lots at our Wellingborough Auction Room prior to the auction, this can be arranged timed appointment to be requested by email. The last opportunity to view lots at our premises is Friday 28th of June.

Viewing will be available at Whittlebury Park Hotel, Indianapolis Suite, NN12 8WP by appointment Only on Wednesday 3rd of July 10am to 4pm and Thursday 4th July from 10am to 4pm. Please contact the auction house by email to arrange this appointment. 

Condition Reports:

Any requests for condition reports or additional photographs must be received by email by Friday 28th of June.

Graham Budd as a company do not issue COA’s. If one is supplied by the vendor details are included in the individual descriptions.

It is recommended that prospective Bidders inspect the lots on which they intend to bid, we accept bids from potential Buyers on the basis that Buyers (or their advisors) have fully accepted the lot prior to bidding and have satisfied themselves prior to bidding in relation to the condition and accuracy of the description of the lot.

Bidding:

Register Online & Id required:

All bidders are required to register in the auction Online well in advance of the auction commencing in order to place a absentee bid or book a telephone line on any lot with the Auction House or bid on the Online Platforms.

A form of government-issued proof of identification (photographic identification with proof of current address) will be required at the time of registration, from all Absentee, Telephone and Online Bidders.

Room Bidding:

Room bidding is limited, please email the auction house to enquire.

Telephone Bidding:

As an alternative, there will be a telephone bidding service for the auction. Please email the auctioneer to reserve a telephone line by Friday 28th of June prior to the auction.

Absentee Commission Bidding:

Absentee commission bids are to be emailed to the auction house by Friday 28th of June prior to the auction, after which a confirmation email will be sent to you.

Lots will only be invoiced to the name and address on the bid registration form and cannot be transferred to another name and address. We can only accept payment for the lot from the registered Bidder.  

Buyer’s Premium and VAT:

The final selling bid at auction is known as the ‘hammer price'.

For bidders who have registered directly at Graham Budd Auctions and on the-saleroom.com websites, a buyers premium of 24% of the hammer price will be charged.

Bidders who register directly at the-saleroom.com will also be charged a 4.95% Internet bidders surcharge. Both the buyer’s premium and the internet surcharge are subject to VAT at the current rate of 20%.

In completing the Online bidder registration on bidlive.grahambuddauctions.co.uk or www.the-saleroom.com and providing your credit/debit cards details you authorise GBA to charge the credit/debit cards given in full payment, including all fees, for items successfully purchased in the Live Auction, and confirm that you are authorised to provide these credit/debit card details to GBA through bidlive.grahambuddauctions.co.uk and www.the-saleroom.com and agree that GBA are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

Artists Resale Rights (ARR):

Some lots as indicated in the catalogue may be subject to Artists Resale Rights (ARR).
This was introduced by a European Directive in 2006 to ensure that artists receive a royalty when their work is resold by an auction house or gallery. This Right applies to living artists and to those who have died within the last 70 years who are from applicable countries.

This royalty is paid by the purchaser on top of the hammer price if the sale price reaches or exceeds 1000 euros. The amount payable is on a sliding scale e.g. up to 50,000 euros, the royalty rate is 4% of the sale price. The maximum royalty a work can earn is capped at 12,500 euros.