Lauda's winning Ferrari 312T comes under the hammer

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Any self-indulgent 'one percenters' out there in F1i land? If so, we've got the perfect offering to compliment your purchase of yesterday's 'Pic of the Day' idea.

After adding a 1952 Ferrari speed boat to your collection, head to Pebble Beach and ramp up your spending spree.

Up for auction from Gooding and Company this weekend is the great Niki Lauda's 1975 Ferrari 312T, a car the F1 legend drove during his first championship winning season with the Scuderia.

Lauda put the flat-12-powered chassis #022 on pole in five races and won the French Grand Prix at its wheel as well as the 1975 non-championship BRDC International Trophy at Silverstone.

Such a prestigious pedigree obviously comes at a price, with this particular 312T expected to fetch between $6M and $8M!

Time to fuel up the jet and head to California!

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.