• This year, the two most expensive Ferraris auctioned at Monterey car week were both estimated to auction for up to $13 million. One fetched $9.905 million and the other didn't sell.
  • At the 2018 Monterey car week auctions, the most expensive car sold was a 1962 Ferrari GTO 250 that fetched a record-breaking $48.4 million dollars becoming the most expensive car ever sold at auction.
  • These are the 27 most expensive Ferraris that were up for auction at this year's Monterey Car Week, almost all of which disappointed and sold for less than or at the bottom range of the auction estimate or didn't sell at all.
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A 1962 Ferrari GTO 250 fetched a record-breaking $48.4 million during last year's Monterey Car Week auctions with RM Sotheby's. The MSRP for the GTO 250 when it was first released was $18,000, about $150,000 adjusted for inflation, according to Forbes .

In comparison, this year's two most expensive Ferraris were both estimated to fetch upwards of $13 million. One was a 1958 Ferrari 250 GT LWB California Spider that sold for less than the estimated range. The other was a 1962 Ferrari 250 California SWB Spider by Scaglietti that didn't sell at all.

Read more: Watch a controversial $20 million 'Porsche' fail to sell in a huge auction mishap

In fact, most of the Ferraris sold under the estimated range, and several of the ones auctioned by RM Sotheby's didn't sell at all. Only one Ferrari on the list sold above the range.

Take a look at the 27 most expensive Ferraris up for auction at this year's Monterey car week and how they compared to what they were estimated to go for.

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SEE ALSO: See the super-rare 30 most-expensive cars up for auction at Monterey including vintage Ferraris, Porsches, and Aston Martins