These Incredible Classic Cars Will Be Auctioned This Weekend At Pebble Beach

Investors have of late been paying much more attention to classic cars, adding another element to an alternative portfolio that previously might have been stocked mainly with fine art, fine wine, antiques, and various historically significant memorabilia.

One of the biggest events of in the classic car calendar is the Pebble Beach Concours d'Elegance, which got underway earlier this week. It's an annual cavalcade of truly glorious automobiles, competing for a wide variety of prizes.

But there are also auctions held in conjunction with the event. Vintage Mercedes, Jaguars, Bugattis, and long-vanished nameplates are bid upon by collectors who want to own (and maybe even drive) and unique piece of automotive history.

Millions of dollars change hands as these rolling sculptures join the collections of the auto world's high rollers.

Here's a sampling of some of the cars that will come under the hammer over the weekend. The vehicles are being auctioned by Gooding & Company.