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John Lennon's first car being sold at auction

This is what you get as your first car after you've just passed your driver's test at the age of 25: a 1965 Ferrari 330GT 2+2 Coupe. Of course, that's assuming your name also happens to be John Lennon and you've just helped record Ticket to Ride with the rest of your Beatles cronies.
When news of Lennon getting a driver's license made the newspapers in England, luxury car makers parked outside his mansion with offerings and this is the one he chose, painted Azzuro Blue with a blue interior. He paid 6,500 pounds, said to be equivalent to 110,000 pounds today ($170K US).
Bonhams will be auctioning the blue Italian at this year's Goodwood Festival of Speed on July 12. It was just one of 500 built, has been restored to its original condition, has matching numbers and its original license plate number. The pre-auction estimate is between 180,000 and 220,000 pounds ($278K - $340K US).

Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

Car Club USA: Ferrari Club of America

Car Club USA heads to Florida for the Rolex 24 Hours of Daytona, where, for the Ferrari Club of America, the real fun begins the day after the storied endurance race. Ferrari owners from across the country gather every year to watch the pros on race day, and then take over the track to get a chance to run their Italian Stallions at speed. "The key to the Ferrari club is that we're a bunch of like-minded people," says Steve Selz, Director of the Ferrari Club of America Florida Region. "We're a bunch of enthusiasts who really have a passion for the Ferrari mark." Watch as owners of a 458 Italia, 430 Scuderia and genuine MOMO World Sports Car to the track to enjoy their Ferraris and improve their lap times. Each Car Club USA episode features a different car club or event from across the US, where passionate owner communities gather to share automotive experiences and embark on incredible adventures. From Main Street cruises to off-road trails, catch all the latest car club activity on Autoblog.