One of the most iconic Ferrari models ever built will head for auction next month in Monaco. The Ferrari F40 prototype is only one of eight ever produced by Ferrari and is completely decked out in racing livery.

It was the most powerful, fastest and advanced car of its time and made its first public appearance at the 1987 Frankfurt Motor Show marking Ferrari's 40th anniversary.

Made out of carbon fiber, Kevlar and aluminum, the F40 packs a 2.9-litre twin-turbocharged V8 engine rated at 471hp good sprinting off to a 100km/h in 4.1 seconds and capable of reaching a top speed of 325km/h.

This particular GT racing-spec model features weight-savings measures, bigger brakes, wider wheels and tires along with a power boost to about 600hp.