The joint event was titled a fitting ‘90 Years of Emotion’ and kicks off the customary F1 festivity that is usually held prior to the Monza Grand Prix.

This year the festivity was larger than usual due to the marking of these special occasions.

For a few hours, Piazza Duomo was home to a mass of jubilant fans, who flocked to see a spectacular parade, guest appearances from some of Ferrari’s most famous drivers and an array of Ferrari cars, old and new.

Formula One officials took the opportunity to announce that Italy has successfully extended their F1 contract for another five years.

The formal signing was held in Piazza Duomo, as fans looked on.

“We’re very excited,” Formula One chairman Chase Carey said afterward. 

“Monza is one of our defining races, our iconic races…the Italian fans are second to none, all you have to do is look at that crowd.”

The contract extension will see Monza host F1 until at least 2024.

Italy has hosted its own Italian Grand Prix since 1922, before officially becoming part of the Formula One calendar in 1950, the same year the world championship was founded.

There were several years between the track’s opening in 1922 to 1950, when the Italian Grand Prix did not take place due to track rebuilding and the outbreak of World War II.

Italy is one of only two countries to have hosted the Formula One every year since the series inception, with the exception of 1980.  

Past Ferrari driver Rubens Barrichello, who still holds the fastest lap on the Monza Circuit from 2004, made a special appearance at the event.

The line-up of familiar Ferrari faces included Mario Andretti, Kimi Raikkonen, Jean Alesi, Gerhard Berger, Felipe Massa and Eddie Irvine, who have all successfully raced for Ferrari.

Current Ferrari drivers, Sebastian Vettel and Charles Leclerc were also present, as was Team Principal for Ferrari, Mattia Binotto.

It can only be assumed that this style of festivity will go unmatched until 2029, when Ferrari turns 100, and hopefully, the Italian Grand Prix at Monza hits the triple digits.

Watch the Italian Grand Prix live this Sunday, September 8, at 11:10 pm AEST on Pay TV or on streaming channels, Foxtel or Kayo.

A one-hour race highlight will be available on Free to Air television on Monday, September 9, at 9:30 pm AEST.