Red Bull co-owner reportedly buys Bernie Ecclestone’s $640 million F1 collection

Late Dietrich Mateschitz's son Mark Mateschitz reportedly purchased Bernie Ecclestone's mega $640 Million F1 car collection.

Red Bull co-owner reportedly buys Bernie Ecclestone’s $640 million F1 collection

Bernie Ecclestone's massive car collection (via British GQ), Mark Mateschitz (via Fortune)

F1 Supremo Bernie Ecclestone recently set out to sell his massive collection of F1 cars, totaling a price of over $640 Million. Ecclestone’s collection featured different cars driven by legends like Sir Stirling Moss, Niki Lauda, and Michael Schumacher. According to recent reports, Red Bull’s late co-owner Dietrich Mateschitz‘s son, Mark Mateschitz has purchased the mega collection.

Bernie Ecclestone, a controversial figure in Formula 1 wanted to sell his car collection after pushing 94 years of age. Ecclestone sold the cars in case something untoward happened to him and the cars just lied unowned. Hence, according reports, Red Bull’s current co-owner Mark Mateschitz has purchased the collection at a whopping estimate of $640 Million.

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Ecclestone put forth his opinions on selling the mega collection to Mateschitz. The F1 Supremo reckoned that it meant a lot to him knowing that the collection was in the ‘best hands’. Moreover, the 94-year-old insisted that Mark was the best and most worthy owner of the rare car collection due to his close ties with the Red Bull family.

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It means a great deal to me to know that this collection is now in the very best of hands. Mark is the best and most worthy owner we could ever imagine.

Bernie Ecclestone told The Daily Mail

Mark Mateschitz plans to put out the massive car collection for ‘pubic display’

Mark Mateschitz pointed out that he was pleased with Bernie Ecclestone placing the trust in him to take care of the car collection. The Red Bull co-owner planned to preserve the massive collection and potentially expand it in the coming years. Moreover, Mateschitz assured that the entire collection would be made accessible for public viewing in the near future at an appropriate location.

Mark Mateschitz with late Dietrich Mateschitz (via Oe24)
Mark Mateschitz with late Dietrich Mateschitz (via Oe24)

I am very pleased that Bernie has placed his trust in me to take care of this historically significant collection, It will be carefully preserved, and expanded over the years, and in the near future it will be made accessible to the public at an appropriate location.

Mark Mateschitz told The Daily Mail

Mateschitz seems like a worthy owner of the cars as he is likely to have the funding required to maintain the historic pieces. The Austrian is likely to add many more cars to the collection and boost its valuation further. Fans will wait for the public display of the collection to witness the crucial history of Formula 1 with their very own eyes.