The Ferrari driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned next week in Geneva, auction house Sotheby's said on Friday.

The red "Chassis 229" Ferrari raced by German world champion driver Schumacher nine times could fetch up to $9.4 million, according to the sellers.

"It's ... special because this car is one of the only four cars with more than four wins in the Ferrari history and especially with one of the most skilled driver of his generation, Michael Schumacher," said Vincent Luzuy, executive assistant to the director of RM Sotheby's sales.

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He said the target market were race course buyers, since the car is "track-ready", as well as art collectors.

Sotheby's is also presenting eight rare "Fancy Blue" diamonds valued at more than $70 million. This colour is the highest possible colour grading for blue diamonds and is awarded to no more than 1 per cent&nbsp;of blue diamonds submitted to the Gemological Institute of America, Sotheby's said.

"It is extremely rare and to have a collection of eight it is super exciting," said jewellery specialist at Sotheby's Geneva, Marie-Cécile Cisamolo. The diamonds will be offered at auction in Geneva, New York and Hong Kong and the first one will be offered in the Swiss city on Nov. 9.

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The Ferrari driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned next week in Geneva, auction house Sotheby's said on Friday.

The Ferrari driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned next week in Geneva, auction house Sotheby's said on Friday. The red "Chassis 229" Ferrari raced by German world champion driver Schumacher nine times could fetch up to $9.4 million, according to the sellers. "It's ... special because this car is one of the only four cars with more than four wins in the Ferrari history and especially with one of the most skilled driver of his generation, Michael Schumacher," said Vincent Luzuy, executive assistant to the director of RM Sotheby's sales. Also read | Extremely rare 18-carat pear-shaped pink diamond sold for $28.5 million at auction He said the target market were race course buyers, since the car is "track-ready", as well as art collectors. Sotheby's is also presenting eight rare "Fancy Blue" diamonds valued at more than $70 million. This colour is the highest possible colour grading for blue diamonds and is awarded to no more than 1 per cent of blue diamonds submitted to the Gemological Institute of America, Sotheby's said. "It is extremely rare and to have a collection of eight it is super exciting," said jewellery specialist at Sotheby's Geneva, Marie-Cécile Cisamolo. The diamonds will be offered at auction in Geneva, New York and Hong Kong and the first one will be offered in the Swiss city on Nov. 9. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Michael Schumacher's winning Ferrari up for auction in Geneva

Jean Todt, who is currently the President of the Fédération Internationale de l'Automobile (FIA) and reportedly a very close family friend of legendary racer Michael Schumacher, gave a rare health update on F1 legend.&nbsp;

While speaking to a German newspaper, Todt revealed that he has been in touch with Michael's family and spent a lot of time with them after the tragic accident.&nbsp;

"I've spent a lot of time with [Schumacher's wife] Corinna since Michael had his serious skiing accident on December 29, 2013," Todt told German newspaper Bild.&nbsp;

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<a href="https://www.wionews.com/sports/max-verstappen-wins-dutch-grand-prix-to-take-championship-lead-410947"><img alt="Michael Schumacher" data-entity-type="file" data-entity-uuid="137f0f6f-7efb-464d-9590-6eed37f08cee" src="//cdn.wionews.com/sites/default/files/inline-images/000_APP2003050472072.jpg" /></a>

(Image: German Ferrari driver Michael Schumacher (L) and his Brazilian teammate Rubens Barrichello jubilate on the podium of the Montmelo racetrack, 04 May 2003 near Barcelona, after the Catalunya Formula One Grand Prix of Spain. Source: AFP)

Todt, who is Michael's former Ferrari boss, has now said he expects his friend will "slowly and surely improve".&nbsp;

"She is a great woman and runs the family. She hadn't expected that. It happened suddenly and she had no choice. But she does it very well. I trust her, she trusts me," he added.&nbsp;

"Thanks to the work of his doctors and the cooperation of Corinna, who wanted him to survive, he survived - but with consequences," he added.&nbsp;

The 52-year-old Formula 1 racer is recovering, out of the public eye, from the serious head injury he sustained in a skiing accident in the French Alps in December 2013.&nbsp;

Schumacher, who won 91 Grand Prix, had announced retiremnent from Formula One in 2012.&nbsp;

<img alt="Michael Schumacher" data-entity-type="file" data-entity-uuid="86caa5b5-f684-4edb-8a4f-c7db623d3ef3" src="//cdn.wionews.com/sites/default/files/inline-images/000_WAS2005061212879.jpg" />

(Image: German driver Michael Schumacher of Team Ferrari (L), Finland's Kimi Raikkonen of Team McLaren (C) Brazilian driver Rubens Barrichello of Team Ferrari give a thumbs up during the podium ceremonies at the Formula One Grand Prix of Canada at the Circuit Gille Villeneuve in Montreal, Canada 12 June 2005. Source: AFP)

Michael Schumacher documentary

Ardent fans are waiting for the much-anticipated Netflix documentary on Schumacher, which will shed light upon his notable career, will show some unseen footage of the racing icon and also features interviews with family members. It will release on September 15.&nbsp;

Mick Schumacher urged fans to watch the upcoming Netflix documentary on his father.

"Well obviously I think that it's going to be a very emotional documentary for many people," the German said.

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"It (Netflix) has brought a lot of people into the sport but for a lot of people, when they were growing up, they watched my dad, so it's been very emotional to see it."

"The best thing I could say is for everybody to have a look at it, just watch it and experience it for themselves because I don’t really want to, let's say, spoil too much," he added.&nbsp;

Jean Todt, who is currently the President of the Fédération Internationale de l'Automobile (FIA) and reportedly a very close family friend of legendary racer Michael Schumacher, gave a rare health update on F1 legend.

Jean Todt, who is currently the President of the Fédération Internationale de l'Automobile (FIA) and reportedly a very close family friend of legendary racer Michael Schumacher, gave a rare health update on F1 legend. While speaking to a German newspaper, Todt revealed that he has been in touch with Michael's family and spent a lot of time with them after the tragic accident. "I've spent a lot of time with [Schumacher's wife] Corinna since Michael had his serious skiing accident on December 29, 2013," Todt told German newspaper Bild. ALSO READ | Max Verstappen wins Dutch Grand Prix to take championship lead (Image: German Ferrari driver Michael Schumacher (L) and his Brazilian teammate Rubens Barrichello jubilate on the podium of the Montmelo racetrack, 04 May 2003 near Barcelona, after the Catalunya Formula One Grand Prix of Spain. Source: AFP) Todt, who is Michael's former Ferrari boss, has now said he expects his friend will "slowly and surely improve". "She is a great woman and runs the family. She hadn't expected that. It happened suddenly and she had no choice. But she does it very well. I trust her, she trusts me," he added. "Thanks to the work of his doctors and the cooperation of Corinna, who wanted him to survive, he survived - but with consequences," he added. The 52-year-old Formula 1 racer is recovering, out of the public eye, from the serious head injury he sustained in a skiing accident in the French Alps in December 2013. Schumacher, who won 91 Grand Prix, had announced retiremnent from Formula One in 2012. (Image: German driver Michael Schumacher of Team Ferrari (L), Finland's Kimi Raikkonen of Team McLaren (C) Brazilian driver Rubens Barrichello of Team Ferrari give a thumbs up during the podium ceremonies at the Formula One Grand Prix of Canada at the Circuit Gille Villeneuve in Montreal, Canada 12 June 2005. Source: AFP) Michael Schumacher documentary Ardent fans are waiting for the much-anticipated Netflix documentary on Schumacher, which will shed light upon his notable career, will show some unseen footage of the racing icon and also features interviews with family members. It will release on September 15. Mick Schumacher urged fans to watch the upcoming Netflix documentary on his father. "Well obviously I think that it's going to be a very emotional documentary for many people," the German said. × "It (Netflix) has brought a lot of people into the sport but for a lot of people, when they were growing up, they watched my dad, so it's been very emotional to see it." "The best thing I could say is for everybody to have a look at it, just watch it and experience it for themselves because I don’t really want to, let's say, spoil too much," he added.

Michael Schumacher's close friend gives a rare update on Formula 1 legend

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Michael Schumacher's winning Ferrari up for auction in Geneva

Michael Schumacher's close friend gives a rare update on Formula 1 legend