James Hunt's 1974 Hesketh 308 for sale

The first Hesketh Formula One car, driven by James Hunt and Alan Jones, will be auctioned off May 10 at the Grand Prix de Monaco Historique. The car is expected to sell for between €350.000 - €650.000 ($483,070 - $897,930).

One of only three Heskeths Formula 1 cars to be built, this car took James Hunt to his famous victory at the 1974 Silverstone International Trophy Race.

The car has been correctly restored by its current owner who has owned it since 2006. Since then, he has raced it at tracks such as Road America, Circuit Gilles Villeneuve, Silverstone, Nurburgring, and Monaco.

The Hesketh is powered by a 485 horsepower, 2,993 cc V-8 fuel injected Cosworth engine. It has a five-speed manual transmission and weighs just 590 kilograms (1,300 pounds).

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