Monterey Car Week is slated to kick off in Monterey, California, next Monday, and there are certainly some impressive rides up for auction to coincide with the much-anticipated event. Among the highlights is Ferrari 250 Testa Rossa prototype that is worth an estimated $13 million.

Bloomberg reports that the car is set to go up for sale on August 20 at Gooding in picturesque Pebble Beach. If analysts' projections are correct and the historic automobile does bring in $13 million, it would be a record for a car.

It's no surprise that the Testa Rossa has such record-setting potential. Built in 1957, this model is complete with a sleek red body and was one of the most revered racecars during the '50s and '60s.

"It's an iconic car and an iconic design." Ferrari historian Marcel Massini told the news source.

Of course, the Ferrari is not the only impressive car on the block next week. Collectors can also snatch up a 1925 Rolls-Royce New Phantom specially made for hunting tigers.