AN ICONIC banana-yellow racing suit is up for auction as worn by three-time Formula 1 World Champion Ayrton Senna.

It will be sold off, fittingly, in Monaco, the same place Senna won six Grands Prix to make him the most successful Formula 1 driver to race in the principality. It was this suit that Senna wore to his first Monaco GP victory, and the last win in Formula 1 for Team Lotus.

The suit is signed on the front by Senna, and is said to have been gifted to the brother of Senna’s physiotherapist, who displayed it in his store as a lucky charm before selling it to a collector in Canada. The suit subsequently found its way to a Monaco gallery where it is located currently.

Since his death at the 1994 San Marino Grand Prix, his legacy has brought numerous safety developments to Formula 1 such as power restrictions, safer track designs and improved crash barriers.

However, those sums aren’t the most outlandish to be thrown at this type of memorabilia. In 2011, a racing suit worn by Steve McQueen in the film ‘Le Mans’ sold at auction for just shy of a staggering A$1,000,000. (US$984,000)