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 |  Aug 17 2011, 5:15 PM

With the Pebble Beach Concours d’Elegance kicking off tomorrow in Monterey, California, hundreds of collectible cars will be up for sale.

There will be at least five auctions slated for this week, put on by Bonhams, Gooding & Company, Mecum, RM and Russo and Steele. Collector car insurance company Hagerty has compiled the estimated net worth of every car being auctioned this week at a whopping $230 million. Some of the highlighted collector cars include a 1955 Ferrari 750 Monza expected to fetch around $3 million and a 1957 Ferrari 250 TR Prototype that may break the overall record price of a car sold at auction, selling for around $13 million. Two cars formally owned by Steve McQueen will also go under the hammer, including one of his motorcycles.

Stay tuned for updates on the auction!

[Source: Hagerty]