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Ferrari 250 GTO may have set new sale record at $52M

Records are made to be broken, and it seems that one may have just been snapped again. An Italian website is reporting that a Ferrari 250 GTO, owned by American collector Paul Pappalardo, recently sold for $52 million.
Now, this is far from confirmed - Pappalardo responded to questions about the sale saying, "I do not confirm these things, I have no comment about!" - and if it's a private sale, it's unlikely that we'll ever know the exact amount of the transaction. If that figure is correct, though, it easily eclipses the $35 million made in a 250 GTO sale in April of 2012, as well as the $27.5-million sale of a 1967 Ferrari 275 GTB/4 NART Spider sold at RM's Monterey auctions in August.
What makes a car that had 39 examples built more valuable than one that had only 10 units produced? Racing pedigree. The 250 GTO is a racing legend, with each car having a unique provenance that is more than enough to add some serious value. According to 0-100.it, the GTO in question, 5111GT, found its first owner in French racer and winner of the 1964 24 Hours of Le Mans, Jean Guichet, back in 1963. The Frenchman used the V12-powered racer to win the GT category of the Tour de France Automobile in that same year.

Ferrari makes 488 Pista official with 711 hp, racing tech, photos

Instead of letting the internet get the best of its new V8 Special Series coupe, a day after images leaked Ferrari released a batch of details and photos on its 488 Pista track-day weapon. The twin-turbo 3.9-liter V8 produces 720 of France's Cheval Vapeur, which equates to 710 of our U.S. horsepower, while torque churns in at 568 pound-feet. Those numbers outdo the 488 GTB by 50 hp and eight pound-feet, and will get the 488 Pista in its lightest guise from a standstill to 62 miles per hour in 2.85 seconds, with 124 mph arriving in 7.6 seconds. Maximum velocity tops out at 211 mph. We say "in its lightest guise" because Ferrari records the 488 Pista's weight as 2,821 pounds dry, but with an asterisk that explains said weight can only be achieved "With optional lightweight features." As of now we have no idea what those features are, but along with other lightweighting efforts like the carbon floor, they help amputate a total of 198 pounds compared to the weight of the standard 488. Ferrari says the goal was to make the upper reaches of the new Special Series V8 "easier to reach and control," so engineers poured the brand's racing toolbox over the 488 Pista. The front S-Duct and diffuser mimic the ramp angle on the 488 GTE World Endurance racer. The sixth evolution of Side-Slip Angle Control that oversees the electronic differential, the magnetorheological suspension, and the F1-Trac stability control, now incorporates Ferrari Dynamic Enhancer software that varies the brake caliper pressure. Even the livery was created to enhance the coupe's raciness, as if such ornamentation were needed. We've heard rumors that 488 Pista can lap Ferrari's Fiorano test track faster than the LaFerrari. A better comparison — one we're more eager to see, and one with a much better chance of happening — is that between Ferrari's latest and the McLaren 720S. Their specs are nearly identical. The McLaren produces 710 hp and 568 lb-ft from a 4.0-liter, twin-turbo V8, weighs 2,828 pounds in its lightest fitment, sprints to 62 mph in 2.9 seconds, to 124 mph in 7.8 seconds, and has a top speed of 211 mph. Things that make you go, hmmm... We'll be at the Ferrari booth at the Geneva Motor Show as soon as the lights go up on this one. Related Video:

Watch 40 Ferrari F12s hit the Nurburgring at once

Of all the cars we'd love to drive around the Nurburgring, the Ferrari F12 Berlinetta ranks pretty high. It's got mountains of power sent from a smooth V12 at the front to a set of fat tires at the back, near-perfect handling balance, anchor-like brakes... we could go on and on, but the point is that it'd be a hoot to drive on any track, let alone the vaunted Nordschleife. As you can see from this video, the boys from Maranello evidently agree. This latest owners' meeting attracted 40 F12s (and at least one California T) to the Green Hell to see how their machinery could handle one of (if not the) most challenging racing circuits in the world. Ferrari's chief test driver Raffaele de Simone was on hand to drive some hot laps, and the owners had the chance to push their F12s to near their limits. The official video footage is a little overproduced, in typical style, and could do with a little less dramatic music and a little more of the unbridled engine and exhaust sounds for which Ferraris are known. But as far as the fantasy of gaining admission to such an elite cadre of supercar owners, this is about as close as most of us are likely to get. Related Video: