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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

1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the group of them sold for $65.945 million.

Ferrari testing 458 Challenge Evoluzione at Mugello

Ferrari makes road cars, it makes racecars, and it makes road cars into racecars. The 458 Challenge falls into the latter category, transforming the 458 Italia into the basis for Maranello's one-make spec racing series. It replaced the F430 Challenge in 2011, which in turn followed the 360 Challenge, F355 Challenge and 348 Challenge that started it all in the mid-90s.
Now the Prancing Horse marque is set to move the game forward again with the revised 458 Challenge Evoluzione. Seen here undergoing testing at what could be any tree-lined circuit but is likely Mugello (which Ferrari just happens to own in addition to the Fiorano test track at the factory), the 458 Challenge Evoluzione takes a step further with a new aerodynamics package.
Other changes will likely be nominal, and Ferrari will probably offer existing customer racers the option of upgrading to stay at the front of the pack instead of replacing their $300k racers entirely. One way or another, Ferrari is set to unveil the 458 Challenge Evoluzione, also at Mugello, after the conclusion this year's Finali Mondiali, the event that ties up the end of Ferrari Challenge series from around the world next week.