A rare car is expected to nab a rare price. The 1962 Ferrari 250 GTO will be auctioned by RM Sotheby's at the annual Monterey Car Week event this Saturday. RM Sotheby's, a classic car auction company, calls the entry "the most important Ferrari ever offered publicly."

Bids are expected to break records, potentially making the GTO the most expensive car ever sold at auction. One of only 36 ever built, it's expected to fetch anywhere from $45 million to $60 million. The current record holder for most expensive car ever auctioned is another Ferrari 250 GTO, which went for $38 million during the 2014 Monterey Car Week.