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1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the group of them sold for $65.945 million.

Lewis Hamilton on pole in France, Sebastian Vettel only seventh

LE CASTELLET, France — Lewis Hamilton seized pole position for the French Grand Prix in track record time as Mercedes, chasing their 10th successive win, swept the front row of the grid in dominant fashion on Saturday. The Formula One world championship leader was 0.286 seconds quicker than team mate Valtteri Bottas. Ferrari's Charles Leclerc qualified third with team mate Sebastian Vettel a distant seventh on a distinctly off day for the German. The pole, in a time of one minute 28.319 seconds, was a record-extending 86th of Hamilton's career and his third of the season. "I'm happy that I got the potential out of the car, the team did a fantastic job," said five-times world champion Hamilton, last year's winner from pole at Le Castellet's Paul Ricard circuit. "We've just been chipping away at improving the set-up of the car," added the Briton, who is 29 points clear of Bottas after seven races — all won by the pair. Hamilton also triumphed in the last two of 2018. Bottas was fastest in the second phase of qualifying but could not match Hamilton's sizzling pace when it mattered in the final shoot-out. "The wind changed direction and there was a couple of corners my line didn't work and I had to work it out but Lewis had a better lap," said the Finn. Mercedes have looked to be in a class of their own all weekend, with Hamilton or Bottas fastest in every practice session with Leclerc, rather than Vettel, consistently the best of the rest. Vettel struggled, backing out of his first hot lap and then failing to string together all the sectors smoothly on his second attempt. "I don't know what happened, I lost so much momentum there was no point to finish that lap," said the German, who starts behind the Renault-powered McLarens of British rookie Lando Norris (fifth) and Spaniard Carlos Sainz (sixth). "Some laps it felt good and others it didn't. I didn't get the best out of the car but it was difficult for me, but some laps I didn't have he grip I had before." Vettel's time of 1:29.799 was eighth tenths of a second slower than Leclerc's best. Leclerc, who starts with Red Bull's Max Verstappen alongside, asked the team over the radio to get Vettel to speed up but the Monegasque said his lap had not been compromised. Australian Daniel Ricciardo starts eighth for Renault and Red Bull's Pierre Gasly lines up ninth for his home race with Italian Antonio Giovinazzi 10th for Alfa Romeo.

Steve McQueen's Ferrari 275 GTB/4 To Be Auctioned In Monterey

We know from many, many years of watching classic car auctions, that there are certain qualities that ensure big money. For example, putting tiny silver horses and/or yellow badges on a red car will probably bring in a lot of cash. This is doubly true if said car hails from the 1950s or 1960s, and it's triply true if some dude drove it around in circles or if a celebrity owned it. That, friends, is how you make the serious dosh at auction. Considering that, we should expect big, big things when this 1967 Ferrari 275 GTB/4 crosses the block at the big RM Auctions event during the festivities surrounding the 2014 Pebble Beach Concours d'Elegance. Terrence Steven McQueen, better known as Steve McQueen and even better known as the coolest actor of the 1960s and 1970s, originally purchased this car while filming Bullitt in San Francisco, which should provide a big boost to its sale price. As previously reported, this car has undergone a full restoration and has received its certification from the team at Ferrari Classiche. Beyond that, though, we're kind of in the dark about this beauty. We don't even have a rough guess of how much it'll go for. That's where you come in. Considering that the price of classic Ferraris is increasing with all the regularity of Old Faithful, how much do you think McQueen's 275 will call for when it hits the stage in August? Head into Comments and let us know.