1955 Ferrari 750 Monza Spider

There are no less than five auctions slated for this week in Monterey, with literally hundreds of collectable cars up for sale. Bonhams, Gooding & Company, Mecum, RM and Russo and Steele have all been consigning cars for the past several months to try and lure in the thousands of automotive enthusiasts that gather in the Monterey peninsula every August.

It can be hard to fathom the amount and value of cars actually being auctioned off in Monterey, so to put things into perspective, collector car insurance company Hagerty has compiled the estimated net worth of every car being offered up in Monterey later this week. The total? An incredible $230 million.

A few of the highlights that will add to that total include a 1955 Ferrari 750 Monza (pictured above) expected to sell for around $3 million, a pair of ex-Steve McQueen cars and the 1957 Ferrari 250 TR Prototype that could very well break the overall record price of a car sold at auction.

Check back later this week for highlights of the auctions, as well as the rest of our Monterey coverage.