Watches belonging to Michael Schumacher up for auction

Thirty years after Michael Schumacher's first Formula 1 victory, his family is auctioning off eight rare watches from his collection in Geneva. Schumacher collected watches and owns rare timepieces, some made especially for him by the best watchmakers in the world. The auction will take place on Monday. It is difficult to say whether the celebrity effect will drive up the price of the watches, Remi Guillemin, watch expert at Christie's auction house, told the German news agency DPA. The estimated prices per piece range between CHF150,000 ($165,000) and CHF2 million. "But no matter whose wrist the watch adorns, they will always remember that it belonged to Michael, one of the greatest race-car drivers of all time," said Guillemin. The auction is being held at the Four Seasons Hotel des Bergues in Geneva. The Schumacher family home sits on Lake Geneva. Schumacher himself has not appeared in public since a serious ski accident at the end of 2013. The family does not talk about how he ...