Spain may not rank among the top automaking countries, much less when it comes to exotic sportscars, but back in the 50s a company called Pegaso made some of the most beautiful, fast and desirable automobiles on the market. Known primarily for making trucks and buses, there was a time when it made sportscars like this one. A rare beauty indeed, the car in question is a 1954 Pegaso Z-102 with coachwork by Saoutchik, and is expected to fetch about $1.5 million when it hits the auction block at Amelia Island on March 9.

Of the 84 Z-102s made, #3-0136 is the only one of its kind: a Series II cabrio with Saoutchik bodywork. It's powered by a 165-horse 2.8-liter quad-cam V8 feeding the rear wheels through a five-speed. Pierre Saoutchik himself drove it to the 1954 San Remo Concours d'Elegance, and it was subsequently sold to a private owner. In 1958 it was converted into a fixed-roof coupe, but was restored to its original convertible body-style in the early 90s. A veteran of several concours and museums, it's a striking example in light blue with blue leather seats. (Photos by Pawel Litwinski courtesy of RM Auctions.)