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Schumacher’s first F1 championship car hitting auction block

Nov 24, 2013, 9:35 PM EDT

F1 Grand Prix of Brazil - Qualifying Getty Images

If you’ve got the cash, you can own a piece of Formula One history on Dec. 1, when the car that took Michael Schumacher to his first of seven World Driving Championships goes up for auction.

British auction house Bonhams is set to sell the 1994 Cosworth/Ford-powered Benetton B194, and it is expected that the car will fetch a price upwards of 600,000 GBP – or almost $1 million USD.

This won’t be the first valuable F1 machine that Bonhams has sold this year. Back in July, Juan Manuel Fangio’s 1954 Mercedes W196 was sold for 19.6 million GBP, which made it the most valuable motor vehicle ever sold at auction.

The B194-05 chassis that will be auctioned off Dec. 1 was used in the 1994 San Marino Grand Prix – known infamously as the race in which Formula One great Ayrton Senna lost his life. Schumacher won that race and went on to more wins in Monaco, Canada and France that year in the B194-05.

According to Bonhams, extensive recent engineering work on the car includes a restoration of its Cosworth/Ford Zetec engine, a new gearbox, and a paddle-shifting gear change system. Additionally, the lucky buyer will also receive a test drive of the B194 at its current base in Spain.

“Unlike so many other modern era Formula 1 cars, this one is complete, fully operational and effectively in race-ready condition,” said Bonhams Group motoring director James Knight in a release.

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