F1 Supremo Bernie Ecclestone Announces Sale Of Legendary Car Collection

Former Formula One boss Bernie Ecclestone has announced plans to sell his remarkable automobile collection, which is worth approx $400 million. Ecclestone's passion for automobiles has long been chronicled, and he is well-known for his vital role in transforming Formula One into a global financial empire. His extensive and rare automotive collection spans several decades and includes some of the most recognizable and sought-after models ever created.

A Historic Collection Built Over Decades

Bernie Ecclestone's automobile collection has long been one of the most talked-about private collections in the world, with about 69 cars in it. Ecclestone, known for his high-profile lifestyle and commercial prowess, has accumulated an outstanding collection of rare automobiles over the years, including antique Also included is Alberto Ascari’s Italian GP-winning 375 F1, and the controversial Brabham BT46B “fan car,” which won its first and only race before being withdrawn from competition and then outlawed the following season.
Instead of auctioning the collection, Bernie Ecclestone will sell it through sports and race car dealer Tom Hartley Jr., who described it as “the history of Formula One.” 
Hartley stated, “There has never been, and probably never will be, a collection like this offered for sale again. It includes the greatest cars of their time, many of which have not been seen for decades and are unique.”

Reason of selling this close to heart collection

The news follows Bernie Ecclestone's guilty plea to fraud last year, after he failed to declare over £400 million (approximately $509 million) in assets held in a Singapore trust. The former F1 supremo agreed to repay nearly £653 million (around $830 million) to HM Revenue and Customs and received a 17-month prison sentence, which has been suspended for two years.

“I love all of my cars, but it’s time for me to start considering what will happen to them if I'm no longer here, which is why I have decided to sell them,” the 94-year-old said in a statement. “After collecting and owning them for so long, I would like to know where they end up and not leave the responsibility for my wife to handle if I'm not around.”

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