The rare machine was driven by Schumacher during the 1997 Belgian Grand Prix weekend.
It was later raced by Ferrari teammate Eddie Irvine at the Italian and Austrian Grands Prix that same year.
The car still retains its original engine, gearbox, chassis and bodywork, as reported by Whats The Jam.
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The Ferrari was awarded the prestigious Ferrari Classiche “Red Book” certification in 2007.
It’s among an extremely limited pool of surviving Formula One cars from Ferrari’s golden era with Schumacher, whose time at the Italian team delivered five consecutive world championships between 2000 and 2004.
As well as owning a piece of Formula One history, the buyer will gain access to Ferrari’s ultra-exclusive F1 Clienti programme – an invitation-only experience that allows owners to drive historic Ferrari race cars at private track events around the world, supported directly by the factory.
It’s up for auction by RM Sotheby’s.
The description says: “For any Ferrari racing enthusiast, the ultimate car to drive and to own is an F1 car.
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“It will draw immediate attention in any collection, and to use it simply provides an experience that cannot be exceeded.
“Ferrari offers the best programme in the world via its F1 Clienti department, with the next owner able to make life-long memories at a number of the greatest racetracks should they choose to exercise chassis 179.
“To use an aircraft analogy, driving an F1 car versus GT machinery is the equivalent of flying a military-grade F-18 fighter jet versus a civilian aircraft; if one had the means and the training, there is no question which choice to make.
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“As F1 car values continue to rise, with record prices set in recent years, the notion of being able to pick up a car of this calibre at around the same price point as an FXX K is not likely to last for much longer.
“The opportunity to add this jewel to one’s collection should not be missed.”
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