Come 3pm tomorrow, there will be a new Formula 1 racing car to lust after.

After its win at the Abu Dhabi Grand Prix in 2012, the Lotus E20 takes a break for good and for the better — Bonhams will be auctioning it off on behalf of Peace One Day, a non-profit organisation.

The racing car is usually seen on the track, but this reincarnation might sit just as well in your parking space — you'd have to wrestle it out with a few others to acquire it, though. Transformed by Brazilian artist Romero Britto, the contemporary piece of art will be released by Bonhams in a motoring auction, the first of its kind in Asia. 

While it hasn't been unveiled yet (the image above is an impression), expect a pop art transformation with loud patterns and bright colours, a signature of Britto. The car will be repurposed as a 'Vision for Peace', mirroring the artist's optimistic take on life and vision of peace.

The transformed car will be unveiled by Lotus F1 team drivers Romain Grosjean and Pastor Maldonado at Singapore's Museum of Art & Design. For more information, click here.