The Washington Times (Communities) reports that Ferrari owners came out in force at the fifth annual Concorso Ferrari in Pasadena, displaying cars with a combined value of more than $100 million.

According to the report, the event, under the auspices of the Southwest Region of the Ferrari Club of America, was first held in 2008. It gives club members the chance to show their classic Italian sports cars on the Colorado Boulevard in Old Pasadena.

As participation is limited to 150 of the finest Ferraris – both new and old – a bit of arithmetic ($100m / 150) suggests that the average value of the cars on display is around $660,000! Not sure if that’s realistic?

In any event, if you’re a Ferrari fan (and who isn’t?), do check out this great selection of Ferrari Posters.

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Filed under: Classic Cars