Reigning Formula 1 world champion Kimi Raikonnen has shelled out €200,000 for a 1974 Chevrolet Corvette ('73 model pictured) once owned by Hollywood actress Sharon Stone. Raikonnen bought the car at a charity event for the Elton John Aids Foundation on the eve of the Monaco Grand Prix.

Raikonnen'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 may seem a little expensive for a Corvette the price Kimi paid paled in comparison to Indian billionaire Vijay Mallya's €226,000 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 Formula 1 team also donated a one-week cruise on one of his mega-yachts, which went for €375,000 to a private bidder. In total, the auction raised almost €1 million.