The Pebble Beach Concours d'Elegance starts today in Monterey, California and over 5 days presents a series of events that any car lover should find unmissable. Races, shows, auctions and parties themed on automobiles are all present in abundance.

The week kicks off with the Quail Rally, an invitation race which raises money for charities, and the Carmel-By-The-Sea Concours on the Avenue.

The world famous Ocean Avenue with its fairy tale buildings is closed to traffic along with 16 blocks to present perhaps the most beautiful gridlock in the world with a back drop of architecture that does it justice.

The week rolls through a series of shows and especially auctions with several auction houses offering just about any desirable type of car anyone could want, particularly on the 14th-15th.

The cars on show are typically fantastic examples, always worth a look and often worth counting as an investment. Take the time to view the dreamy 1939 "Silver Arrow" D-Type Auto Union (pictured - source on sale on Friday - you won't regret it.

It's no coincidence that some records have been set for car sales in Monterey. For example, when a 1935 Duesenberg SJ Speedster, dubbed the Mormon Meteor, sold for $4,455,000 in 2004 that was the top price for a pre-war US car sold at auction.

The show concludes on Sunday with the end of the great Rolex Monterey Historic Automobile Races, an art show celebrating the beauty of the car and, of course, the great Pebble Beach Concours d'Elegance  itself.

Once again: anyone who's ever considered investing in a classic car, or owning one for pride and joy, should look out the auctions this week, as there won't be such a great range available again - at least 'til next year.

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