Legendary Formula 1 driver Michael Schumacher’s watch collection is going on sale - Adomonline.com

The rare timepieces will be exhibited in New York from May 3 to May 5, the weekend of the Miami Grand Prix, ahead of the auction in Geneva, Switzerland, on May 13, according to auction house Christie’s.

Schumacher’s family holds an array of watches collected by the champion driver over the years and, “more recently, they decided to part ways with specific watches of the collection, where they believed watch collectors would be able to appreciate the true value of the pieces,” Christie’s head of watches Remi Guillemin told CNN Thursday.

The Rolex stainless steel Paul Newman Daytona watch was named after the Daytona International Speedway in Florida, according to auction house Christie’s head of Watches Remi Guillemin. Christie’s Images LTD.

The collection will form part of Christie’s traditional rare watches auction, consisting of vintage and modern pieces of high-caliber watchmaking from brands such as Audemars Piguet, F.P.

The Rolex watch was named after the Daytona International Speedway in Florida, according to Guillemin, who described the timepiece as “one of the most iconic watches that Rolex ever made.”

The white gold Royal Oak chronograph was commissioned as a personalized gift for the seven-time F1 World Championship winner from his early mentor and former Ferrari CEO Jean Todt, according to the auction house.

A prototype of the watch was sold in 2003 to benefit the Paris Brain Institute (ICM) Foundation, of which Schumacher and Todt are founding members, according to the auction house.