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Ferrari 250 GTO could fetch as much as $75 million at auction

Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
According to a report on Bloomberg, citing the classic car authorities at Hagerty Insurance, the GTO in question (pictured above) could fetch upwards of $60 million and as much as $75 million when the auction takes place two days from now in Monterey, CA.
Hagerty's reported estimate would not only blow the previous records out of the water, but would eclipse the pre-sale estimate attributed to Bonhams, the auction house handling its sale, which placed its value between $30 million and $40 million.

That aluminum-bodied '69 Ferrari Daytona barn find sold for $2.2M

Barn finds are a strange thing. The idea that some beautiful or rare car can simply be locked away and forgotten about seems unthinkable to many enthusiasts. Still, there's entire communities and several television shows dedicated to unearthing these vehicles. One of the most notable finds in recent memory was the sole road-going aluminum-bodied 1969 Ferrari 365 GTB/4 Daytona in existence. The car just sold for about $2.2 million at an RM Sotheby's auction this past weekend. According to the auction house, this is the 30th of just over 1,200 Ferrari Daytonas ever built. This particular car was found stowed away in Japan, having sat collecting dust and dirt for nearly 40 years. While five aluminum-bodied Daytonas were built for racing, this is the only known street car with aluminum body panels. According to an evaluator, the engine and transaxle are both numbers matching. The odometer reads 36,390 kilometers, or about 22,611 miles. That number is believed to be accurate. All the aluminum body panels wear the correct Scaglietti markings. This car has Rosso Chiaro paint over Nero leather (red over black). Other options include Plexiglas headlamps and power windows. The interior is said to be in surprisingly good shape. The car sold for just more than its initial estimate. Let's hope the new owner gets it back into running condition. Related Video: Featured Gallery 1969 Ferrari 365 GTB/4 Daytona Berlinetta Alloy View 25 Photos News Source: RM Sotheby's Ferrari Auctions Coupe Classics

Creative minds build lightweight Lambos and Bugattis with cardboard and pedals

As manufacturers continue their quests to reduce the weight of their vehicles, they switch out heavy steel for lighter materials such as aluminum, carbon fiber, titanium, and sometimes even magnesium. But they've been ignoring a cheap alternative that is widely available: cardboard. Leave it to two visionaries from Vietnam to crack the code and build supercars and superbikes out of the versatile paper product. Vietnamese YouTube channel NHET TV, via CarScoops, might only have a year under its belt, but in that short amount of time, it has amassed more than 350,000 subscribers. What initially started out as a random collection of harmless pranks, trolls, and makeshift time-killers has blossomed into an entertaining channel of ultra-low-budget car and motorcycle builds.  The first video posted is a paper plane competition, but the second video shows the first appearance of a vehicle, a Ducati Panigale made out of cardboard and a bicycle. This isn't like Paper Mario with a two-dimensional silhouette, it's a close-enough three-dimensional replica. That project was admittedly pretty rough, but the work has only improved as the channel has matured.  Throughout the past year, NHET TV has stuck with high-performance transportation for inspiration. They've built projects that mimic a Lamborghini Sian, a Lamborghini Aventador SVJ, a Ferrari LaFerrari FXX K, a Bugatti Chiron, a BMW S 1000 RR, and a Yamaha YZF-R6, among others. Some of the builds, such as the Bugatti, go beyond the typical cardboard-body-on-bicycle-frame. As seen in the video below, the NHET TV built a tubular frame for the car using spare bike parts that they welded together. The Bug even has a custom steering column and steering wheel, though the high-quality model continues to use bike chains and pedals for power. The SVJ might be the most advanced vehicle, as it has a real engine for power and has custom reverse gearing. These guys are creating fun out of the limited resources they do have, and that's what right now is all about. Enjoy the videos below and watch more on the full NHET TV channel.