A rare 2006 Maserati MC12 GT1 race car will be auctioned off by RM Sotheby’s at its London auction in late October.

The story of the MC12 GT1 starts in 1999, when the company was taken over by Ferrari and received a much-needed infusion of cash and resources. Shortly after the FIA GT Championship announced regulations for 2004, the decision was made to build a hypercar based on the Ferrari Enzo to meet homologation requirements allowing Maserati to go racing. The result was the MC12 road car and, of course, the GT1 racer.

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This particular MC12 GT1 was delivered new to its current owner in November 2006 to participate in the 2007 American Le Mans Series. It made its racing debut at Road America 500 in August 2007 at the Elkhart Lake track in Wisconsin, where the team driving the MC12 GT1 finished third in class, behind a pair of works Corvettes, and 14th overall.

In early October, it entered what would be its second, and final, race at the Petit Le Mans at Road Atlanta. Despite a successful qualifying that saw the car start 1st in class, it was involved in a crash and the team was forced to retire. However, they had covered enough distance to be classified as a finisher and came 2nd overall in the GT1 class.

The car was rebuilt by Doran Racing after the event, and in late 2008 was shipped out of the U.S. to the current owner’s private museum in Switzerland, where it has resided ever since.