Formula 1 Extends Agreement With The Momento Group

The Momento Group can now sell ex-F1 race cars with the new agreement.
License Global

July 6, 2022

Formula 1 logo.
Formula 1 logo.Formula 1
Formula 1

has extended its licensing agreement with The Memento Group (TMG), a U.K.-based sports licensing, retail and memorabilia business, until the end of the 2025 season. The extension sees TMG retain its license to sell authentic, certified and licensed Formula 1 memorabilia from current F1 teams, and now includes the rights to sell ex-F1 race cars and show cars on its website,

F1authentics.com

 

F1 Race Cars, a dedicated section on the F1 Authentics online platform, has been revamped, becoming the dedicated marketplace for all former F1 race car and show car transactions. A diverse collection is available, from heritage show cars to restored former race cars and replicas of current cars. 

The Memento Group has been licensed to operate the F1 Authentics website since 2019, and the four-season extension will continue to see authentic Formula 1 memorabilia from the past and the present available to fans via the online shop and auction platform. 

"Since 2019 we have entrusted The Memento

Group to help us create and operate a safe and secure online platform for Formula 1 fans to browse, discover and purchase authentic, certified, F1 memorabilia," says Brandon Snow, managing director, commercial, Formula 1. "Over the past three years our partnership has gone from strength to strength. With F1 Authentics, we have delivered the ultimate motorsport memorabilia destination for all fans of our sport, and the exciting inclusion of former race and show cars expands on the already impressive offering. We look forward to continuing this journey and offering our fans more opportunities to own a unique piece of Formula 1 history." 

"We are delighted to extend our partnership with Formula 1 for another four exciting seasons, and what better way to mark this than offering, for the very first time on F1 Authentics, a fully operational, ready to race, F1 race car," says Barry Gough, founder and chief executive officer, The Memento Group. "We have worked tirelessly with our partners at Formula 1 to create the ultimate destination for fans of the sport, and this contract is recognition for what we have achieved to date and this auction demonstrates how we can enhance further our support of the world's greatest motorsport in the future. We look forward to taking this to the next level with the continued support of F1, the teams and of course, fans all around the world." 

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