Schumacher's overallsCaters/Getty

Racing overalls as worn by seven-time Formula 1 world champion Michael Schumacher will go under the hammer later this month.

Expected to raise $25,000 (£14,600), the race suit was last worn by the German legend at the 2006 British Grand Prix. That race saw Schumacher finish second behind Fernando Alonso in his Renault – the Spaniard later went on to win that year's F1 World Championship.

Complete with all the logos of the companies that sponsored the Scuderia Ferrari Marlboro squad in 2006, the suit also carries Federation Internationale de l'Automobile (FIA) accreditation on the back of the collar, proving its authenticity.

It was Schumacher's last year with the Italian team before retiring from the sport for four seasons. He later returned to F1 grid in 2010 with Mercedes for another three seasons but only managed to score one podium finish.

The bright red suit will be offered at the Los Angeles-based Nate D. Sanders auction house on July 31.

Other items to go under the hammer include Alonso's Renault racing overalls from the 2007 Japanese Grand Prix, an Ayrton Senna autograph and photo and a poster signed by Canadian driver Gilles Villeneuve. Alonso's overalls, however, have a starting price of £9,000.

Schumacher is currently recuperating from his dreadful skiing accident last December which put him into a coma for six months.