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F1 Champion Kimi Raikkonen Could Be Paid 17 Million Euros Not to Race Next Season

Filed under: Wheels, Sports, Wealth



There are few sports figures paid as highly as Formula One drivers...world champions especially. With the 2009 season already wrapped up, teams are preparing for their assault on next year's championship, with an unprecedented game of musical chairs taking place in the off-season.

Among the changes, two-time world champion Fernando Alonso is moving, at long last, from Renault to Ferrari. Trouble is, the Italian team already has two world-class drivers on contract. So to make room, Ferrari is willing to pay its 2007 world champion Kimi Raikkonen not to race.

According to reports, Raikkonen will be paid a whopping 17 million euros next year just to vacate his seat. He's free to move to another team, but if he does, Ferrari will only owe him 10 million euros. For his part, Kimi says he'll only consider McLaren, and knowing full well of the conditions of his contract, the British team (for whom he drove previously) is offering him only 5 million – a fair bit less than he'd be worth on the open market. The bottom line is that Raikkonen stands to make more money if he sits out next season than if he races.

Ralph Lauren Scuderia Bag Collection

Filed under: Handbags, Wheels



Fashion and sportscars go together like yachts and Monte Carlo, but even in such elevated fields, few bridge the narrow gap as stylishly and enthusiastically as Ralph Lauren. His renowned automobile collection includes such multi-million-dollar rarities as the 2005 McLaren F1 GTR LM, 1938 Bugatti Type 57SC Atlantic and 1930 Mercedes-Benz SSK, to name just a few. But his real love is Ferraris, which include some of his most prized posessions: a pair of original Ferrari 250 Testa Rossas (a similar example of which recently set the world auction record at $12 million) and a 250 GTO (which would probably sell for even more if an owner was ever willing to part with one). We guess he loves Ferrari so much, he decided it was about time he gave something back, in his own way. And this is it: the Scuderia bag collection.

Named after Ferrari's famous racing division, the Scuderia bag collection includes duffles, totes, wallets and more, all made from butter-soft perforated black calfskin with contrasting racing stripes. Black and yellow were Lauren's intriguing colors of choice, instead of the more obvious red and tan, and they're all available at select retailers, Ralph Lauren stores and directly from the online shop...for a price. The Scuderia Tote pictured above goes for a princely $1295.

Prost's Historic Title-Deciding Ferrari 641/2 F1 Car Up for Auction

Filed under: Wheels, Auctions



This year's Leggende e Passione auction event at the Ferrari factory in Maranello is shaping up to be, well... legendary. RM Auctions has run the historic Ferrari and Maserati auction at the factory for three years running now, but this year's roster of classic exotic machinery going under the hammer looks to be the best crop yet. In addition to the 1957 Ferrari 250 Testa Rossa and 1967 Ferrari 330 P4 (among the myriad other priceless classics) we've already reported on, the auction will feature the historic Formula One race car which Alain Prost drove in his infamous duel against Ayrton Senna in 1990.

Packing a 685-horsepower 3.5-liter V12 revving up to 13,000 rpm and mated to a ground-breaking seven-speed sequential transmission, Chassis #121 is what Prost drove to five podiums over the course of the 1990 championship, including one race win. It's also what Prost was driving when arch-rival Senna crashed into him on the penultimate race of the season in Japan, ending the race for both but handing the title to Senna by default. It was one of the most controversial championships in motor racing history, and now the car in which it all happened is up for sale. Following a nearly €110,000 restoration at the Ferrari factory where it's being sold, Chassis #121 is expected to fetch €300,000-€400,000 when the hammer drops next month in Maranello.



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