Will this Ferrari Testarossa fetch £330,000?

Got three-hundred-and-something grand burning a hole in your jeans pocket, and a desire for a very yellow slice of the early Nineties on your driveway?

Then good news, because this 1994 Ferrari F512 M is going under the hammer at Silverstone Auction's May Sale, where it's expected to fetch between £280,000 and £330,000.

A lot of cash, but it's something of a museum piece. The 512M was the final version of the Testarossa, Ferrari's mid-engined, 12-cylinder bruiser built from 1984 to 1996.

Introduced at the Paris Motor Show in 1994, this F512M employed a 5.0-litre flat 12 engine producing 446bhp - a pretty meaty output by the standards of the day. It would, according to the official figures, get from 0-62mph in 4.7 seconds, with a top speed of 196mph.

Just 501 of these M-spec 512s were built, before production ceased and Ferrari inexplicably forgot about building mid-engined 12-cylinder supercars. The 512M cost around £140,000 new in 1994, which, accounting for inflation, works out around £230,000 in modern money.

We're told this particular example was sold to a German customer in 1994. From there, it was snapped up by an owner in Japan, with whom it has resided since. The 512M has covered just 11,000 miles in its 21-year life.

OK, it may not be such a classical, timeless Ferrari as that 250 GT SWB California we showed you last week, but the 512M is every bit as much a period piece - not to mention a whole lot cheaper. And yellower.

A snip at £330,000, or would you save your (completely non-hypothetical cash) for a modern 458 Special, with enough change left over for, ooh, a Porsche Cayman GT4?