The whole thing's hosted by an organization called "Profiles in History" ... and it's scheduled to go down in May in Beverly Hills.
The "Chitty" car -- still functional by the way -- is the crown jewel of the auction, estimated to sell for anywhere between $1-2 million. Other awesome items to hit the block include:
-- James Dean’s tweed jacket worn in "Rebel Without a Cause"
-- An original production cell from "Cinderella" signed by Walt Disney
-- A real-life EVERLASTING GOBSTOPPER from "Willy Wonka & The Chocolate Factory"
That's right. They're auctioning off your childhood dreams -- and if you're rich, you can buy them back.