The renowned car collection of former Formula 1 executive Bernie Ecclestone has found a new owner in Mark Mateschitz, son of Red Bull founder Dietrich Mateschitz. This monumental sale sets a record in the automotive world and promises to make these iconic vehicles accessible to the public. The collection, featuring 69 cars driven by legendary F1 champions, was reportedly valued at around £500 million. Despite interest from various sovereign funds, Mateschitz's commitment to preserving and showcasing the collection influenced Ecclestone's decision. Both parties are enthusiastic about ensuring the historical significance of these vehicles is appreciated by future generations.
A Legacy Transferred: Bernie Ecclestone's Collection Sold
In late 2024, the 94-year-old former Formula 1 boss Bernie Ecclestone made headlines by selling his extensive car collection. Comprising 69 historic vehicles, this fleet includes Ferraris raced by Niki Lauda, Mike Hawthorn, and Michael Schumacher, as well as Brabhams raced by Carlos Pace, Lauda, and Nelson Piquet. Ecclestone expressed satisfaction that the collection would find a suitable home where it can be properly displayed and admired by enthusiasts and the public alike. His primary concern was ensuring that the cars would not be hidden away but rather preserved and exhibited for posterity.
Ecclestone's decision to sell the collection stemmed from personal considerations. At 94 years old, he wanted to ensure that his wife Fabiana would not be burdened with managing the fleet after his passing. “I don’t want to leave all this for Fabiana to sort out,” Ecclestone remarked. Additionally, in 2023, Ecclestone agreed to repay HM Revenue and Customs (HMRC) approximately £653 million following a fraud conviction, which may have also influenced his financial decisions. The collection’s future now rests with someone who shares Ecclestone’s passion for automotive history and preservation.
New Stewardship: Mark Mateschitz's Vision for the Collection
Mark Mateschitz, inheriting his father’s legacy as co-owner of Red Bull, has acquired Bernie Ecclestone’s historic car collection. This acquisition marks the largest single transaction ever recorded in the car collecting world. Mateschitz has pledged to preserve and expand the collection, making it accessible to the public through an appropriate venue. His dedication to maintaining the historical significance of these vehicles aligns with Ecclestone’s vision of ensuring they remain visible and celebrated.
Mateschitz’s commitment extends beyond mere ownership; he plans to create a museum-like environment where visitors can experience the rich history of these iconic cars. “I am very pleased that Bernie has placed his trust in me to take care of this historically significant collection,” Mateschitz stated. “It will be carefully preserved, expanded over the years, and in the near future, it will be made accessible to the public at an appropriate location.” This move underscores a shared mission between both parties to honor the legacy of Formula 1 and its champions, providing future generations with a tangible connection to automotive history.