The Formula One racing car in which Michael Schumacher captured his first World Driver's Championship (WDC) title in 1994, is set to be auctioned for more than a million euros (about R11-million), it was revealed on Tuesday.

The Benetton B194, which is ready to drive and comes complete with spare parts, is being sold by its owners on Internet auction house eBay.de and the bidding sailed through the one million euros mark on Tuesday.

Bids for the car passed the €1.6-million mark by 1200 GMT on Tuesday with the bidding set to close at just before midnight on November 16 for the car in which Schumacher won the first of his seven world titles.

The winning bid will incur an additional cost of €10 000 for shipping and the car is in the same condition it was in the 1994 season complete with sponsors labels while its Ford Cosworth engine has been overhauled.

The car comes with numerous spare parts for brakes, chassis and transmission, plus a laptop with software package to control the car's computer, report Bild.

The car is currently in Toronto, Canada, and its sellers - identified only as Christian M. from Bad Homburg, central Germany, and Bernd M. from Toronto - are keen to find a new home.

Documentation from FIA's engineers proved it competed in the 1994 season, in which Schumacher collided with Great Britain's Damon Hill at the Adelaide Grand Prix in the final race of the season to win the season's WDC title in controversial circumstances.

AFP

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