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This 1959 Ferrari 250 GT LWB California could sell for $17 million

Ferraris of all stripes typically command high prices, but the ones that bring in the serious money always have at least one of a few things behind them: additional rarity, racing heritage, famous ownership. This 1959 Ferrari 250 GT LWB California Spider definitely has at least two, and arguably three. The car is one of just eight built with an aluminum body. It also participated in Le Mans, taking home third place for its class, and fifth place overall. Finally, it was campaigned by the Ferrari North American Racing Team, typically referred to as N.A.R.T. As a result, RM Sotheby's estimates this Ferrari roadster will sell for between $14 million and $17 million. Supporting the high valuation are other important things car collectors look for. The car has been certified as authentic by Ferrari's official classic department. It's also won its class at Pebble Beach after its first restoration was completed in 1983. It was restored again between 2010 and 2011 to bring it back to its original race-ready paint scheme. Besides the car's extensive history, it's a gorgeous machine. The 250 GT California line is one of the more iconic from Ferrari, thanks in part to a red replica being the star car of "Ferris Bueller's Day Off." The silver and blue color combination is unique and works great. It should also be a superb driver, with a race-prepped engine and notably lighter body. According to RM Auctions, the seller says it's excellent to drive, and if that's him in the pictures, we'd say his smile confirms his claims. The car goes on the block Dec. 6 at RM Sotheby's auction in New York City. To paraphrase Mr. Bueller himself, if you have the means, we highly recommend picking this one up. Related Video: Featured Gallery 1959 Ferrari 250 GT LWB California Spider Competizione by Scaglietti View 30 Photos Image Credit: Diana Varga courtesy of RM Sotheby's Motorsports Ferrari Auctions Convertible Racing Vehicles Classics ferrari 250 gt california north american racing team

Michael Schumacher's 2001 F1 car sells for $7.5m, nearly twice its estimate

Sotheby's auctioned one of Michael Schumacher's Formula 1 race cars this week, and it went for an impressive $7.5 million. When the auction house announced the car would be offered, it was estimating that it would go for around $4 million, making this a major success. The company also claims it's the most expensive modern era F1 car sold, though Sotheby's doesn't say what constitutes as "modern." It did sell for about twice what the last Schumacher F1 car sold through Sotheby's went for. That car was from the 2004 season and sold for just under $3.2 million. This particular car, an F2001 that, not surprisingly, was used during the 2001 F1 championship. It won two of the three races it participated in, and helped Schumacher win one of his 7 championships. It's in racing condition, and Ferrari will help with storage and transport for the car. The car's sale isn't just about a rich person getting a fancy collectable or toy though. Sotheby's notes that an undetermined portion of the proceeds will go to Michael Schumacher's charity, Keep Fighting. Among the charity's causes are road safety and head safety. The latter isn't surprising considering Schumacher's unfortunate skiing accident in 2013 that left him with a traumatic brain injury. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2001 Ferrari F2001 Image Credit: Sotheby's Celebrities Motorsports Ferrari Auctions Car Buying Racing Vehicles Performance michael schumacher RM Sotheby's sothebys

Ferrari 458 Speciale already sold out for first year

Ferrari tends to sell its models out extremely quickly - its wait lists are the stuff of legend. That's especially true when the cars in question are of the fastest or most exclusive variety. If new reports are to be believed, Maranello has already sold the entire 499-unit production run of its new LaFerrari hypercar, and now Australia's Motoring is claiming that Ferrari has also filled its order book for the entire first year's production run of its new 458 Speciale.
For those unfamiliar, the 458 Speciale follows in a proud line of hardcore mid-engined V8 Ferraris in the footsteps of the 360 Challenge Stradale and 430 Scuderia. It's lighter, more powerful and more aerodynamically advanced than the 458 Italia upon which it's based, and just trails half a second behind the more powerful F12 Berlinetta (and the aforementioned LaFerrari) as the third-quickest road car ever to lap the Italian automaker's Fiorano test track. That means it's quicker even than the 599 GTO and Enzo.
Although we've yet to receive official word, we're expecting a sticker price approaching $300,000 - about a quarter more than the 458 Italia. But that doesn't appear to have stopped Ferrari from raking in the orders. Check it out in our substantially updated image gallery above.