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This $7-million Ferrari LaFerrari is the most expensive modern car ever sold at auction

The Ferrari LaFerrari is already one of the most extreme, high-performance, road-going cars ever built. And now, it's also the most expensive modern car ever sold at auction. Ferrari, along with RM Sotheby's and the National Italian American Foundation's Earthquake Relief Fund, officially sold the car as part of a charity auction benefiting the reconstruction efforts in central Italy. Total price? A whopping $7 million. Ferrari claims its extra LaFerrari – the company originally built this 500th example for its own collection – is the most expensive car from the 21st century ever sold at auction. As we mentioned in our original story from last week, all proceeds from the LaFerrari auction will benefit earthquake-ravaged central Italy. While the LaFerrari's lucky new owner can rest easy knowing their money went to a seriously good cause, they'll also get to enjoy a unique example of the final production LaFerrari. It's a simple tweak, but its Rosso Corsa paint body gets a white "dream line" on its hood and rear windshield, and the Italian tricolor on the nose. We like it, and we're guessing the citizens of central Italy will appreciate the money this special hypercar made for them. Related Video:

1962 Ferrari 250 GTO auctioned for a record $48 million

As anticipated, the 1962 Ferrari 250 GTO chassis number 3413 made some serious money at the RM Sotheby's auction at Pebble Beach. As the hammer came down at $48.2 million, the Ferrari became the most valuable car ever sold at auction; it made the Goldeneye Aston Martin DB5 look like a used DB7 in comparison. Last night, racing legend Derek Bell drove the Ferrari onstage, and bidding was opened at a breathtaking $35 million. Three bidders were involved in the sale, and the complete sum including fees came to $48,405,000. The auction house knew it was going to be expensive, having estimated the car at more than $45 million in June. It handsomely topped an earlier Ferrari 250 GTO record of $38 million. The Ferrari, the third one out of a 36-car production run and complete with significant racing history, has a numbers-matching powertrain and a Scaglietti-built Series II body. It has been with its previous owner since 2000, and the last time it was sold it commanded $7 million. The $40-million bump in value is simply incredible, Ferrari 250 GTO or not. And all this time the car hasn't just sat, appreciating; it has been seen in numerous classic events, in actual use. Related Video: Featured Gallery 1962 Ferrari 250 GTO at RM Sotheby's Monterey Auction View 10 Photos Image Credit: RM Sotheby's Ferrari Auctions Performance Pebble Beach ferrari 250 gto 1962 ferrari 250 gto ferrari auction

Ferrari F8 Tributo brings the best of the 488 Pista to the masses

This is the Ferrari deemed worthy of replacing the 488 GTB, called the F8 Tributo. Let's start with the red meat: 3.9-liter twin-turbo V8 producing 710 horsepower and 568 pound-feet of torque. Those numbers sound familiar? They're the same as we got from the special edition 488 Pista, and they outdo the 488 GTB by 49 hp and seven pound-feet. The F8 Tributo warps itself to 62 miles per hour in a Pista-matching 2.9 seconds, takes two tenths longer to reach 124 mph at 7.8 seconds, but runs all the way to the same 211-mph top speed. What's more, the F8 Tributo weighs 2,932 pounds dry when graced with all of the lightweight options. That's 111 pounds more than the Pista, but an 88-pound diet compared to the 488 GTB. Rear-slanted radiators frame an evolution of the Pista's S-Duct to redefine the front end. Ferrari said the under-over airflow trick delivers a 15-percent increase in downforce compared to the retiring 488. Redesigned headlights take a horizontal stance, making room for brake cooling ducts that obviated needing to fit larger brakes. The Lexan engine cover and its three subtle louvers hearken to the F40, and the quad taillights hearken to Gran Turismo Berlinetta Ferraris of yore. The enlarged spoiler hunkers over that light cluster in 812 Superfast fashion, above a rear fascia that incorporates curved mesh grilles. Ferrari says the overall look is "the bridge to a new design language." As a side benefit, it confers a 10 percent improvement in aero efficiency compared to the 488. Ferrari's updated its Side Slip Angle Control (SSAC), and made the revised Ferrari Dynamic Enhancer (FDE) available in Race mode "to make performance on limit easier to reach and control for greater number of drivers." SSAC allows for more drifty attitudes, the FDE adds automatic braking inputs to reduce the need for sudden countersteering. Formerly, FDE was only available with the steering wheel manettino control in the CT Off position. The cabin's been overhauled, starting with a smaller steering wheel dotted with a couple of additional buttons for hands-free phone operation. The former oblong vents give way to round ones, there's a new digital interface for the driver and 8.25-inch touchscreen for the passenger, and new door cards. We will be taking a much closer look at all of it come Geneva. Related Video: