BMW Z8 owned by Steve Jobs to be auctioned

A BMW Z8 luxury convertible once owned by Apple's late co-founder Steve Jobs is being auctioned at Sotheby's in NY next month, where it's expected to fetch between $300,000 and $400,000 or possibly more.

No BMW Z8 is cheap, but the historical connection here results in a particularly hefty estimate of $300,000 - $400,000.

The Z8 was only produced by BMW in limited numbers starting in 2000, and with nearly 400 horsepower the convertible was a noted example of new engineering technologies that the German vehicle maker would use in models to follow.

Although Jobs changed cars often and wasn't known as a keen auto enthusiast or collector - RM Sotheby's contends that he was steered toward this purchase by known vehicle geek and fellow techie, Oracle founder Larry Ellison - he did keep this auto, which was registered in his name, until 2003.

Recently, a Newsweek magazine from 1988 signed by Steve Jobs was sold for $50,587, as reported by CNET. He had the auto until 2003, selling it on to the current owner in 2003.

A sleek sports auto once owned by Steve Jobs could sell for over $300,000 at a December auction - practically pocket change compared to some of the million-dollar vehicles that will be offered alongside it.

Jobs, who died in 2011, chose a model in his signature minimalist style, finished in titanium over a black leather interior.

Although it's changed hands a couple of times, it's only clocked 15,200 miles. It has undergone servicing and maintenance and is in an excellent condition.

The luxurious BMW Z8 is equipped with many advanced accessories, which also includes original BMW-branded Motorola flip phone that was supposedly hated by Jobs. BMW Z8s never really depreciated in value, with non-famous examples from the 1999-2003 production run still selling for over $200,000 on the regular.

The Z8 originally cost $128,000 before add-ons.

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