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RM Sotheby's 2015 Monterey auction sets records

RM Sotheby's wrapped up three days of beautiful cars crossing the block during Monterey Car Week with a company record of $172.7 million in vehicles sold. The first day's Pinnacle Portfolio collection alone brought in $75.4 million, a new high for a one-day, single-vendor auction. While nothing ever topped the $17.6 million 1964 Ferrari 250 LM, the hammer continued to fall on some very expensive vehicles each day. Expected to clear over $11 million, the sale of a 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' easily managed that with a final price of $13.2 million. Multiple bidders on the phone and in the room desperately wanted this famous racer, and it drove the price up. To make this thoroughbred worth the lavish amount, the coupe won the 1956 Tour de France series of events and was among seven with this body by Scaglietti. Many of the top sellers came from the first night's Pinnacle Portfolio, but records continued to be broken over the weekend. Notably, a 1953 Jaguar C-Type Works Lightweight brought $13.2 million to make it the most expensive Jag ever at auction. Also among RM Sotheby's top sellers were a 1950 Ferrari 275S/340 America Barchetta at $7.975 million and a 1952 Jaguar XK120 Supersonic for $2,062,500. Take a look at a few of these special vehicles in the gallery above. HISTORIC FERRARI 250 GT 'TOUR DE FRANCE' LEADS THIRD NIGHT OF RECORD SALES AT RM SOTHEBY'S MONTEREY World's largest collector car auction house concludes three day event with more than $172.7 million in auction and post-auction sales MONTEREY, CALIFORNIA (August 15, 2015) - A historic 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' set a new auction record for the model tonight, selling for an outstanding $13.2 million before another packed house at RM Sotheby's Monterey event. Spurring a lively bidding contest between multiple collectors in the room and on the telephones, the influential Ferrari is the actual car that instituted the 'Tour de France' nomenclature following its overall victory at that legendary race in 1956. The fifth of only seven Scaglietti-bodied first-series competition berlinettas, it was sold new to the Marquis Alfonso de Portago, the flamboyant and daring Spanish driver, who, joined by his close friend Ed Nelson, piloted to car to first place overall at the 1956 Tour de France Auto.

Ferrari Names Sergio Marchionne CEO | Autoblog Minute

Sergio Marchionne is consolidating his power at the iconic Italian sports car maker. By adding the CEO title he will have even more power and control over the daily operations of Ferrari. Ferrari Autoblog Minute Videos Original Video Sergio Marchionne

Watch boxer Errol Spence cartwheel Ferrari in injury crash

DALLAS — Welterweight boxing champion Errol Spence crashed a speeding Ferrari in Dallas early Thursday and was badly injured but is expected to survive, police said. The crash happened just before 3 a.m., when Spence's Ferrari crossed a median into oncoming traffic and flipped over several times, ejecting Spence, who wasn't wearing a seatbelt, police said. Spence was taken to a hospital and placed in the intensive care unit. "Spence is awake and responding and his condition is listed as stable. He did not sustain any broken bones or fractures but has some facial lacerations. He is expected to make a full recovery," the Spence family said in a statement Thursday evening. Police said they're still investigating the cause of the crash, but they noted that the Ferrari was speeding at the time. Last month, the 2012 U.S. Olympian added the WBC welterweight title to his IBF strap with a thrilling split-decision victory over Shawn Porter in Los Angeles. With his rangy athleticism and virtuosic skill, Spence, who is 26-0 with 21 knockouts, has captured fans with a series of crisp victories in recent years. He won the IBF title in 2017 by stopping Kell Brook in England, and he defended it three times, culminating in a one-sided thrashing of undersized Mikey Garcia in March. Spence, 29, emerged victorious from his bout with the veteran brawler Porter (30-3-1), which featured several wild exchanges and had the Staples Center crowd of 16,702 on its feet throughout the 12th round and roaring for both fighters when they embraced after the final bell. Heading into the fight in which he was a heavy favorite, Spence had a lot of attractive options ahead, including a possible fight with the resurgent Manny Pacquiao and a potential bout with fellow unbeaten champion Terrence Crawford after that. Celebrities Ferrari Performance