Overview

• Mark Mateschitz, son of the late Red Bull founder Dietrich Mateschitz, has acquired Bernie Ecclestone's private collection of 69 historic Formula One cars.
• The collection, valued at approximately $650 million, includes iconic vehicles such as Michael Schumacher's 2002 Ferrari and the Brabham BT46B 'fan car.'
• Ecclestone, 94, decided to sell the collection to relieve his family of the responsibility and ensure the cars went to a trusted caretaker.
• The cars, spanning 70 years of F1 history, will be preserved, expanded, and eventually made accessible to the public in a museum-like setting, according to Mateschitz.
• This transaction is considered the largest sale in the history of classic car collections, with interest reportedly coming from sovereign wealth funds and global buyers.