On August 13-15 RM Auctions is holding its annual Sports & Classics of Monterey auction in California, starring an historic 1952 Jaguar C-Type sports racer (above) that was driven to victory in 1952 by the legendary Phil Hill and is expected to fetch over $3 million. 26 Ferraris and several other rare and valuable autos will be part of the 200 vehicles crossing the auction block over the course of the three-day event. The beautiful and rare C-Type (a precursor of the modern-day XK we wrote about recently), designated XKC-007, was one of just 53 examples built and one of the first Jaguar C-Types delivered to the United States.

Shipped to New York in 1952, this example was immediately driven to Elkhart Lake, Wisconsin, where it, along with XKC-009, made their competitive racing debuts as part of the company's North American sales effort for the model. It was at this meet that XKC-007 made Jaguar history when the eventual World Champion driver, Phil Hill – then just 25 – drove it to victory in the Sheldon Cup. Presented in period correct condition, it notably displays the signature of the great Phil Hill and retains its original, numbers matching engine.

The star amongst the stunning selection of 26 Ferraris is a 1953 166MM Spider Scaglietti estimated at $1.4 million - $1.8 million. The important car was given by Enzo Ferrari to his son Dino for a design project with Scaglietti. It is known as the first Scaglietti-bodied competition Ferrari and its attractive, rakish styling resulted in the prototype for the subsequent 750 Monza and 500 Mondial models. It was restored first in the 1960s and again prior to running the Mille Miglia Storica in 2005.