Like so many of the European races, the Monaco Grand Prix predates the current World Championship. In actual fact the first Grand Prix in the area took place in 1929, was organised by founder Anthony Noghès, and is widely considered to be one of the most important and prestigious automobile races in the world. The Circuit de Monaco is a street circuit through the city streets of Monte Carlo and La Condamine around the harbour of Monaco. Preparation and building of this infamous circuit begins six weeks before the big event and then takes a further three weeks of dismantling when it's all over. The track has many elevations shifts, tight corners and a narrow course which ranks it right up there as one of, if not the, toughest and most demanding in Formula One racing. Over the years the course has changed several times, but that has never detracted from its status as the ultimate test of driving skills and abilities. In stark contrast to eachother it contains both the slowest corner in Formula One (the Grand Hotel hairpin, taken at just 50kph (31mph) and one of the quickest (the flat out kink in the tunnel, three turns beyond the hairpin, taken at 260kph (160mph) which goes a long way in summing up its difficulty.
Due to the tight and twisty nature of the circuit, it favours the individual skill of the driver as opposed to the power of the cars. That being said however, the course is so dangerously narrow that very little overtaking occurs. The circuit has been recognised among the racing community as being less safe as other high profile circuits, in fact, were it not already an existing Grand Prix it would not be permitted to be added to the Formula One schedule, for safety reasons.
In January 2009 the Circuit de Monaco was voted top of the 'Seven Sporting Wonders of the World', in a poll of 3,500 British sports fans.
F1 - Monaco Grand Prix