The starting price for the maroon Corniche sports car is 185,000 British pounds ($368,000). The vehicle comes with documents confirming that it was once owned by the late Iraqi leader.
Hussein was hung on December 30, 2006, near Baghdad after being sentenced to death for the 1982 murders of 148 Shia Muslims in the town of Dujail.
Both Saddam and his sons, especially Uday, were extremely fond of fast and exotic cars, and their collections also included a 1970s Cadillac and an Al Capone-style prohibition-era black Packard convertible.
However, at least three-quarters of the family's valuable cars were destroyed after being used to block entrances to Hussein's complex in Baghdad during the U.S.-led invasion in 2003.
The Rolls Royce was found in the basement of Saddam's palace by U.S. soldiers after the invasion. After the discovery, the car's stereo system was removed, and a new system will be fitted before the buyer takes possession of the vehicle.