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There are Ferraris, and then there are Ferraris. On May 20 more than 35 historically significant road cars and racers will go up for auction at the company headquarters in Maranello, Italy, just south of Modena. Some highlights: a silver 275 GTB/4 (the model with the distinctively long snout) from 1966, which has had only two owners, and a Formula One car driven by Michael Schumacher during the 1997 season (it brought him two of his five wins that year, including the checkered flag at the Monaco Grand Prix).

The event, Leggenda e Passione, in honor of Ferrari's 60th anniversary, is being staged by RM Auctions, an Ontario company that specializes in rare cars and handles such sales for Sotheby's. One of the top bids will likely be for a 1970 512S (just five were built) that competed at Sebring and Le Mans. With only minor restorations and in classic racing red, it's expected to fetch more than $2 million. rmauctions.com

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