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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

6 luxury car brands to watch in 2024

2023 was a healthy year for the auto industry, and even with incentives returning and dealer lots filling up, there's plenty to like about the market if you build luxury automobiles, and we expect 2024 to be more of the same, which makes luxury-segment rivalries all the more interesting. Top luxury car brand rivalries? Well, that sounds downright uncivilized. But we know better, don't we? And when every quarterly sales update is an opportunity to remind somebody else that they bought the wrong status symbol, well, who can resist? Certainly not the diehard customers who fly their favorite brands' banners high.  Read more: Auto sales: Industry records best year since 2019 Read more: 2023 auto sales and 2024 preview: Ford Bronco vs. Jeep Wrangler This is a tricky segment to define, but essentially, we're looking at luxury car brands with depth to their portfolios and dealerships that exist to attract real-world customers. The Bentleys, Rolls-Royces and McLarens of the world are luxury cars, certainly, but we're more concerned with brands that have a bit more mass appeal — manufacturers who treat supply constraints as fiascos rather than features. If you disagree with our selections, feel free to let us know in the comments.  And since we're mostly concerned with finishing order, the luxury brands and totals featured here may change as new data come in throughout 2024. Due to the wild swings of the past several years, we're treating 2023 as the baseline by which we'll measure sales performance. And rather than rank brands vs. their finishing order in 2022, when supply-chain and inflationary issues still played havoc with sales figures, we're starting 2024 off with a clean slate.  The mainstream luxury segment is always a dogfight, but with their varied approaches to electrification all of the major luxury brands are in the midst of reshaping the premium landscape. Who is doing it right? Well, according to U.S. shoppers, the usual suspects are up to their old tricks.

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: