his only chance to add it to his collection. He has been quoted as saying that he paid a lot for it, but that guiding words were, "I would rather overpay for a great car, than underpay for a bad car."

According to RM Auctions, the car remains in mostly original condition, although it was resprayed at some point.

"There is no more iconic racing film than Le Mans, and no more charismatic owner of many of the world's great sports cars than Steve McQueen," Rob Myers, founder and chairman of RM, said in a prepared release. "We are delighted to have been selected to present this iconic car at our upcoming Monterey sale."

This is not the first time a high-profile car with a Steve McQueen pedigree has come on the market. The last time was in 2007, when Christie's auctioned one of the King of Cool's favorite cars, a 1963 Ferrari 250 Lusso. The sale price of $2.3 million was twice the pre-auction estimate of $800,000 to $1.2 million.

Like the slate-grey Porsche, the Ferrari 250 Lusso was painted in what can only be considered an unusual color. Instead of red, it was finished in Medium Chestnut Brown.

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