Ford CEO Jim Farley is auctioning for one-on-one lunch at Rolex Monterey car racing festival

Ford CEO Jim Farley is auctioning for a one-on-one lunch with him at the upcoming Rolex Monterey Motorsports Reunion historic car racing festival at Laguna Seca track in California.

Farley is an avid vintage car racer who has finished second in his class at the Le Mans Classic event in France this past July, driving his Ford GT 40. He has also participated in Monterey races in the past.

The winning bid will also get two VIP passes to the event, access to the driver's lounge and hot laps of the 2.2 mile track as a passenger with a pro driver behind the wheel.

It is not just about thrills and access to one of America's top executives.

The Laguna Seca Raceway Foundation is a non-profit that is responsible for maintaining the Monterey County-owned track. All proceeds from the auction will go to the Laguna Seca Raceway Foundation.

The county approved $14,902, 198 for spending to repair the track and replace the footbridge that marks the start of the finish line.

At the time of writing, the bid for lunch had reached $60,000 and there are five days remaining in the online auction hosted by Bring A Trailer.

The Rolex Monterey Motorsports Reunion is scheduled for August 20, during the annual Monterey Car Week, which includes several major car auctions and shows held in the area.