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Yes, this vintage Toyota could sell for more than $1 million at auction

William Fierman   

Yes, this vintage Toyota could sell for more than $1 million at auction

1967 Toyota 2000GT (credit Patrick Ernzen (c) 2015 courtesy RM Sotheby's) IV

Patrick Ernzen/RM Sotheby's

RM Sotheby's will auction on Friday Japan's most legendary car: a Toyota 2000GT.

In 2013, another 2000GT became the first Japanese car - in fact, the first car from anywhere in Asia - to sell at auction for more than $1 million.

The car, designed in partnership with Yamaha Motor Company in the early 1960's, has been called "Japan's E-type."

The 2000 GT also achieved some success as an endurance racer.

The pre-sale estimate for this example is $800,000-$900,000, but given the trends in the auction market, it could go higher.

Have a look at the car, which will cross the block at RM Sotheby's Scottsdale auction.

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