Reigning Formula One world champion Kimi Raikkonen has shelled out 200,000 euros for a 1974 Chevrolet Corvette ('73 model pictured) once owned by Hollywood actress Sharon Stone.

Raikkonen bought the car at a charity event for the Elton John Aids Foundation on the eve of the Monaco Grand Prix.

Raikkonen's new Corvette has just four miles on the odometer and is currently stored in Los Angeles (apparently none of the original owners drove it much).

While 200,000 euros may seem a little expensive for a Corvette, the price Kimi paid paled in comparison to Indian billionaire Vijay Mallya's 226,000 euro acquisition of a piano used by Elton John for composing his 2001 album "Songs from the West Coast," Reuters reports.

Mallya, owner of the Force India F1 team also donated a one-week cruise on one of his mega-yachts, which went for 375,000 euros to a private bidder. In total, the auction raised almost 1 million euros.