A Ferrari 375 Plus of 1954 is shown on April 27, 2011 at the Musee des Arts Decoratifs museum in Paris, during the "L'art de l'Automobile" exhibition, the first ever auto show presented in Europe of American fashion designer Ralph Lauren's private collection of historical sports cars from the 1930's to nowadays. Seventeen legendary sports cars will be on display for four months from April 28. AFP PHOTO MEHDI FEDOUACH

London - An incredibly rare Ferrari racing car is tipped to set a world record by selling for £10 million (R178 million).

The Ferrari 375 Plus was among the quickest and most powerful racing cars of its time, notching up victories at Le Mans and Silverstone in 1954.

Just four racing versions were ever made, while one road model was built for the King of Belgium.

The car boasts a 4.9-litre engine and a top speed of 282km/h.

After passing through the hands of several collectors it was bought and restored in the 1990s by Ferrari importer Jacques Swaters, a close friend of Enzo Ferrari.

His family are now selling after his death three years ago.

Philip Kantor, motoring expert at auctioneers Bonhams, said: “This is a very special car indeed.

“It has participated in some of the world’s greatest racing events driven by some of the world’s best drivers. We expect it to fetch at least £10million, which would be a world record.”

The auction takes place in June at the Goodwood Festival of Speed in Chichester, West Sussex. -Daily Mail