The Chitty Chitty Bang Bang car is a part of a multi-million dollar Hollywood memorabilia auction which will feature over 1,500 lots and will be held on May 14 and 15 at the Saban Theater in Beverley Hills. The auction is being held by Profiles in History, run by Joe Maddalena. This original car from the famous movie has a pre sale estimate of $1 million to $2 million. The car is supposed to be in perfect condition and that would explain the justification to its price tag. It was built by the Ford Racing Team and designed by Ken Adams.