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Ferrari 250 GTO could fetch as much as $75 million at auction

Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
According to a report on Bloomberg, citing the classic car authorities at Hagerty Insurance, the GTO in question (pictured above) could fetch upwards of $60 million and as much as $75 million when the auction takes place two days from now in Monterey, CA.
Hagerty's reported estimate would not only blow the previous records out of the water, but would eclipse the pre-sale estimate attributed to Bonhams, the auction house handling its sale, which placed its value between $30 million and $40 million.

Ferrari F8 Tributo brings the best of the 488 Pista to the masses

This is the Ferrari deemed worthy of replacing the 488 GTB, called the F8 Tributo. Let's start with the red meat: 3.9-liter twin-turbo V8 producing 710 horsepower and 568 pound-feet of torque. Those numbers sound familiar? They're the same as we got from the special edition 488 Pista, and they outdo the 488 GTB by 49 hp and seven pound-feet. The F8 Tributo warps itself to 62 miles per hour in a Pista-matching 2.9 seconds, takes two tenths longer to reach 124 mph at 7.8 seconds, but runs all the way to the same 211-mph top speed. What's more, the F8 Tributo weighs 2,932 pounds dry when graced with all of the lightweight options. That's 111 pounds more than the Pista, but an 88-pound diet compared to the 488 GTB. Rear-slanted radiators frame an evolution of the Pista's S-Duct to redefine the front end. Ferrari said the under-over airflow trick delivers a 15-percent increase in downforce compared to the retiring 488. Redesigned headlights take a horizontal stance, making room for brake cooling ducts that obviated needing to fit larger brakes. The Lexan engine cover and its three subtle louvers hearken to the F40, and the quad taillights hearken to Gran Turismo Berlinetta Ferraris of yore. The enlarged spoiler hunkers over that light cluster in 812 Superfast fashion, above a rear fascia that incorporates curved mesh grilles. Ferrari says the overall look is "the bridge to a new design language." As a side benefit, it confers a 10 percent improvement in aero efficiency compared to the 488. Ferrari's updated its Side Slip Angle Control (SSAC), and made the revised Ferrari Dynamic Enhancer (FDE) available in Race mode "to make performance on limit easier to reach and control for greater number of drivers." SSAC allows for more drifty attitudes, the FDE adds automatic braking inputs to reduce the need for sudden countersteering. Formerly, FDE was only available with the steering wheel manettino control in the CT Off position. The cabin's been overhauled, starting with a smaller steering wheel dotted with a couple of additional buttons for hands-free phone operation. The former oblong vents give way to round ones, there's a new digital interface for the driver and 8.25-inch touchscreen for the passenger, and new door cards. We will be taking a much closer look at all of it come Geneva. Related Video:

1990 Riva 32 speedboat is a 780 hp seagoing Ferrari

This is a 1990 Riva Ferrari 32, and it's going up for auction later this month in Monaco. The vessel resulted from a collaboration between the automaker and Italian shipyard Riva – which has also provided the basis for classic wooden speedboats for the founder of Lamborghini and the designer of McLarens. The Ferrari-influenced craft measures 32 feet in length with a pair of V8 engines under the aft deck capable of propelling it up to 60 miles per hour. Rather than make a marine version of one of its road-going engines, as Lamborghini has, the Riva Ferrari was powered by Vulcano 400 marine engines each displacing 8.0 liters and good for 390 horsepower. Only 40 examples were ever made, of which this is the 28th. RM Sotheby's anticipates it will fetch upwards of $200,000 when the gavel drops at Le Sporting in Monte Carlo, which is about what you'd pay for a California T these days. Matching red Wayfarers and gold Rolex not included. Related Video: Featured Gallery 1990 Riva Ferrari 32 View 20 Photos News Source: RM Sotheby'sImage Credit: Cymon Taylor / RM Sotheby's Ferrari Auctions boat RM Sotheby's