Police have found around 20 Formula 1 trophies in a lake in Berkshire, which were stolen from Red Bull's factory over a week ago.
Last Saturday, the constructor confirmed that more than 60 trophies were taken after break-in at its factory in Milton Keynes.
A spokesperson for Thames Valley Police said: "Some of the trophies were recovered from Horseshoe Lake near Sandhurst.
"We estimate about 20 trophies have been recovered, but we are liaising with Red Bull to establish the exact number as some of the trophies are damaged."
Police are still trying to trace the cars involved in the ram-raid on the Red Bull factory, with a silver 4x4 vehicle and dark blue or black Mercedes estate thought to have been used in the burglary.