On August 15-16, the world-renowned auction house, RM Auctions, will present the Sports & Classics of Monterey, an auction event featuring a varied selection of the finest sports and classic cars in their largest offering to date - $50-60 million.

A rare and coveted 1958 Chrysler Diablo, considered the most valuable concept car of the late 1950s and conceived by Virgil Exner, will make its auction debut as one of the headlining cars alongside 24 Ferraris, the largest collection of Ferraris ever presented at the classic car weekend in Monterey.

Last year’s auction brought a record-breaking $46 million in total sales as 190 cars crossed the block. Nine cars broke the magic million-dollar mark !

Considered the most valuable concept car of the late 1950s, the revolutionary Diablo concept car will be the star attraction of RM Auctions’ multi-million dollar Sports & Classics of Monterey event, to be held August 15th and 16th in downtown Monterey, California.

Conceived by Chrysler’s design head, Virgil Exner, arguably America’s most influential stylist, this rare example was built by Italian coachbuilder Ghia for the Chrysler Corp. on a 1955 Chrysler 300 series chassis.

A featured concept car for the 1957 US auto show circuit, the car is one of the largest and most impressive concept cars ever built, stretching an impressive 22 feet in length.