The liquidated Kyalami race circuit, which has hosted racing greats including Ayrton Senna, will be auctioned in Hyde Park, Johannesburg, on Thursday.

Farm Bothasfontein, better known as Kyalami, is a 72-hectare property in Midrand.

The High Street Auction Co, conducting the auction, said previously that the Kyalami auction would be the country's first race track auction.

Last Thursday, the company's joint managing director Lance Chalwin-Milton said in a statement that the auction would go ahead, following a court application seeking to prevent it.

Eleven applicants had contended that they had certain rights to the Kyalami track, but these claims were either waived by agreement or abandoned.

The court ordered that the auction could proceed, but the reserve price was revised to R200 million from R129m. It was previously reported that there would be no reserve.

The race track has hosted famous drivers, including Nigel Mansell, Alain Prost, and Senna.