The 1957 Chrysler Diablo is another one of those concept cars that inspires the purchase of lottery tickets. Should you win said lottery, the car will be put up for auction at this year’s Pebble Beach Concours d’Elegance in the RM Auctions’ Sports & Classics of Monterey event. The sales dates for the 200-car event are August 15 - 16, 2008.

The Diablo is just another car on the long list of successful concepts and production models penned by Virgil Exner. Exner had the Diablo produced for Chrysler by the Italian coachbuilder Ghia for the 1957 U.S. auto show circuit, where it was a huge success. Not only is the Diablo one of the most valuable concept cars from the 1950’s, it is also deceptively large in scale. The car comes in at 22 feet long and sits on a 1955 Chrysler 300 chassis. The car supposedly cost Chrysler over a quarter million dollars to produce — a fraction of the what the car will likely sell for come August, even when adjusted for inflation.

You can see more of the Diablo on Autoblog.