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Classic Ferraris fight currency rates for bragging rights

Which is the most expensive car ever sold at auction? That should be a fairly straightforward question to answer, only it isn't. Due to currency fluctuations, we're actually dealing with two contenders, both of which have legitimate claims to the crown. The contenders are both classic Ferraris, each of them worth in excess of $30 million. In one corner is the 250 GTO sold at Pebble Beach in 2014 for $38 million. In the other is the 335 S sold in Paris just the other day for ˆ32 million. Resolving the bragging rights should come down to a simple matter of currency conversion, but the problem is that the rates don't stay constant. So the $38 million for which Bonhams sold the 250 GTO worked out to ˆ28 million at the exchange rates of the day. At that rate, the GTO was worth a good four million euros less than what the 335 S sold for, even though today's rates value the 335 S at "only" $35 million, or a good few million dollars short of the GTO. The answer, then, may be subject to which market you're in. But if you're looking for the tie-breaker, consider the British Pound: in Sterling, the 335 S sold for the equivalent of GBP24.7 million, which is more than the GBP22.8 million that the GTO's $38 million worked out to at the time – but less than the GBP26.5 million it would be worth today. And so we're back to where we started. But we're sure the confusion won't last (or be relevant) for too long, as there's bound to be another highly sought-after classic automobile on the auction block before too long. And it'll probably be another Ferrari. WORLD RECORD PRICE FOR A MOTOR CAR SOLD AT AUCTION* 32.1 Mˆ / 24.7 MGBP / 35.7 M$ INCLUDING PREMIUM LOT 170 • 1957 FERRARI 335 SPORT SCAGLIETTI DE 1957 • CHASSIS N°0674 FROM THE PIERRE BARDINON COLLECTION Lot 170. 1957 Ferrari 335 Sport Scaglietti • Chassis n°0674 • From the Pierre Bardinon Collection WORLD RECORD FOR A COLLECTORS' CAR AT AUCTION* Sold : 32,1 Mˆ / 24,7 MGBP / 35,7 M$ including premium (estimate : 28 – 32 Mˆ / 21,5 – 24,6 MGBP / 30 – 34 M$ ) *World record price for a car sold at auction, in euros and sterling. Previous record : 28,5 Mˆ / 38 M$, in 2014, in the US Paris – Friday 5 February 2016, shortly after 18h50, at the Retromobile Salon, Artcurial Motorcars, the collectors' car department at Artcurial achieved the world record for a car sold at auction, under the gavel of Maitre Herve Poulain.

$80M Ferrari deal would make Vettel world's highest-paid sportsman

Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his departure from Red Bull, inking a contract with Ferrari worth 150 million pounds sterling for three years - that works out to over $80 million per year.
If the reports are true, that would make Vettel (pictured above with his assumed new teammate Kimi Raikkonen) the highest-salaried sportsman in the world. Compared to Vettel's rumored $80 million/year, soccer player Cristiano Ronaldo was paid $52 million last year and NFL quarterback Matt Ryan got $42 million, just ahead of soccer player Lionel Messi at $41.7 million. Boxer Floyd Mayweather was reportedly paid a whopping $100 million last year, but that's based on how many fights he fights and wins, putting him on a different earnings spectrum.
Those figures are also just for salaries, and do not include sponsorship and endorsement deals - and therein may lie part of the reason for Vettel's reportedly stratospheric salary. In addition to his salary from the Red Bull team with which he's won four World Championships, Vettel also pulls in a large retainer from Infiniti, which sponsors both the team and himself personally. In departing Red Bull, he'd undoubtedly have to sever the tie with Infiniti as well.