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1959 Ferrari 250 GT California sells for nearly $18M, exceeding expectations

RM Sotheby's just wrapped up its auction in New York, where it sold off a pair of gorgeous silver roadsters, with one of them selling for the incredible price of $17.99 million. That car was a 1959 Ferrari 250 GT LWB California that we covered previously, and Sotheby's was only expecting it to go for between $14 million and $17 million. Apparently someone felt the car's rare aluminum construction and racing history was worth the extra cash. View 11 Photos The other roadster went for considerably less money but was notable because of its previous owner, late Apple CEO Steve Jobs. The car is a 2000 BMW Z8 that the tech mogul had for around three years. The final sale price only met expectations, though, at $329,500. The original auction estimate was between $300,000 and $400,000. Related Video: Featured Gallery 1959 Ferrari 250 GT LWB California Spider Competizione by Scaglietti View 30 Photos Image Credit: Diana Varga courtesy of RM Sotheby's, RM Sotheby's Celebrities BMW Ferrari Auctions Convertible Racing Vehicles Performance Classics bmw z8 ferrari 250 gt california

BMW matriarch Johanna Quandt dies at 89

Johanna Quandt, matriarch of the family that owns the largest stake in BMW, has died at age 89. One of the world's richest women, Quandt ranked in her own right as the eighth wealthiest individual in Germany, and one of the 100 wealthiest billionaires in the world. Johanna Maria Bruhn was born in June 1926, the daughter of art historians in Berlin. She trained in medical technology before the outbreak of World War II, and after the war worked as a banker's secretary in Cologne. She started working for Herbert Quandt in Bad Homburg, near Frankfurt, in the mid-1950s, and eventually became his personal assistant. They married in 1960, shortly after increasing the family's stake in BMW to 50 percent in order to stave off a takeover attempt by Daimler-Benz. The Quandt family's fortune was controversially amassed during the war. Herbert's father, Gunther Quandt, was a top Nazi-era industrialist named by Adolf Hitler as a Wehrwirtschaftsfuhrer – Leader of the Armament Economy. After Herbert's mother Antonie died, Gunther remarried to Magda, a much younger woman. Following their subsequent divorce, Magda married Nazi master propagandist Joseph Goebbels (with Hitler as best man), and together raised Herbert's half-brother Harald. A recent documentary found that the AFA, the company that the Quandts controlled during WWII, used slave labor provided by the Nazi regime to manufacture battery and munitions for the German war effort. Due to the subhuman living and working conditions, AFA lost approximately 80 forced laborers each month. Despite earlier denial of any wartime wrongdoing, the documentary and ensuing public attention prompted the Quandts to open their books to another investigation that confirmed their wartime activities. The Quandts would later use the capital they amassed to buy BMW, of which they still hold 46.7 percent – the remaining 53.3 percent traded publicly. Following Herbert's death in 1982, Johanna took over 16.7 percent ownership in the company, with their son Stefan Quandt acquiring 17.4 percent and their daughter Susanne Klatten assuming 12.6 percent ownership. Stefan and Susanne, both members of BMW's supervisory board since 1997, are expected to inherit their mother's shares following her passing. Johanna's personal fortune was estimated at nearly $14 billion. Though reclusive from media and public attention, she gave generously to charitable foundations that supported such causes as medical research and business journalism.

Dashcam catches oblivious car thief in the act

A car thief from North London became an overnight internet sensation when he was recorded making a phone call by a car's dashcam. According to The Guardian, an unidentified car thief stole the BMW i3 in the early hours of February 7. As he drove through the nearly deserted streets of the London borough of Enfield, he made a phone call to someone who may have been a potential buyer for the car. Unbeknownst to the thief, the car's dashcam was recording the entire time. The thief describes the car to the person on the other end of the call and tells them where he planned to park it – at his flat near North Middlesex Hospital. "Listen, I ain't never been in a car like this," the thief told his customer. "This car, will leave, anything for dust! It is off! It can move!" he shouts off-camera. He's not wrong. The little BMW i3 packs a electric motor that generates 125 kilowatts, or 170 horsepower and 184 pound-feet of torque in internal-combustion terms. The thief never got the chance to unload the car, however. The next day the car's owner located it via GPS tracking data and recovered his vehicle without incident. Dinah Rose, a friend of the BMW's owner, uploaded the dashcam footage to YouTube and tweeted about it on May 15. The video immediately went viral, garnering nearly 50,000 views in twenty-four hours. Since the vehicle was recovered without incident, London Metropolitan Police have no plans for further action or to track down the thief's identity. According to the Metropolitan Police's London crime figures, more than 71,000 motor vehicle crimes were reported in the city between March 2015 and March 2016. Of those reported crimes, 2,753 were reported in the borough of Enfield, where this incident occurred. Motor vehicle crimes are defined by the Metropolitan Police as theft of and from vehicles. Related Video: