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What's the smarter investment, Ferrari stock or a Ferrari?

Fiat Chrysler Automobiles is gearing up to spin Ferrari off into its own company, and float some of its shares on the stock market. But buying and trading in Ferrari stock could face a rather unlikely competitor from within. As Bloomberg points out, the values held by classic Ferraris keeps going up, and by no small margin. Even something as relatively humble as the 80s-era Testarossa, for example, has nearly doubled in value over the past year alone. Meanwhile the value of some models – particularly those built in the 1950s, 60s, and 70s – have skyrocketed nearly seven-fold since 2006. Just look at the 250 GTO, one of the most coveted of classic Ferraris among collectors: not taking inflation into account, they were worth thousands in the late 60s, were already selling for hundreds of thousands in the 1980s, and by now are trading hands – on the rare occasion when they do trade hands – for tens of millions. One sold in 2004 for $10 million, and another in 2013 for over $50 million. Those kinds of increases can make a vintage Ferrari seem like a sound investment. That might make it difficult for Ferrari's stock to compete. The company hopes investors will view it as a luxury goods manufacturer along the likes of Prada, Hermes, or Louis Vuitton Moet Hennessy, the stocks of which tend to increase in value at a greater rate than those of most automakers. But even the best of those luxury stocks have merely doubled in value since 2006, compared to the aforementioned seven-fold increase enjoyed by some classic Ferraris over the same period. Add to that the prospect of actually getting to enjoy owning a classic Ferrari – albeit at the risk of damaging it and hindering its value – and the idea of investing in Maranello's products instead of its stock can seem like a much more enticing prospect. Related Video:

Seven-figure cars highlight day one of RM's Monterey auction

RM Auctions is one of several houses holding auctions during the Monterey weekend, and Friday night's festivities got quite pricey. Seven-figure vehicles were not at all uncommon during the first day of the two-day event, with the 1953 Ferrari 375 MM Spider, seen above, crossing the block for $9,075,000.
Other big earners included a pair of rare Ferraris, a 1950 166 MM Barchetta and a 1955 750 Monza Spider, which took $3,080,000 and $4,070,000, respectively. Outside of the red Italians, a 1939 Mercedes-Benz 540K Special captured $7,480,000 while a stunning, color-appropriate 1955 Jaguar D-Type took $3,850,000. We've got images of these vehicles, and a few other stunning examples of last night's auction, in the gallery above.
Thought it seems impossible, tonight's auction is expected to see even more high-dollar action. The winner of the 2012 Pebble Beach Concours, a 1928 Mercedes-Benz 680S Torpedo Roadster is expected to command over $10 million. Also crossing the block will be a car we reported on a few weeks back - a supremely rare 1967 Ferrari 275 GTB/4 NART Spyder. One of only 10 in the world, it's expected to take anywhere from $14 to $17 million when it hits the stage tonight.

One-of-a-kind aluminum Ferrari Daytona barn find to be auctioned

Every gearhead loves a good barn find, and this one will probably go down as one of the best. The car in question is a 1969 Ferrari 365 GTB/4 Daytona, which is a special-enough car for its gorgeous looks, impressive performance and appearance in Miami Vice. But this one is extra-special because it's a one-of-a-kind; the only aluminum-bodied Daytona built for street use. It's the latter part of that description that makes it unique. Ferrari did build a few other aluminum Daytonas, but those five cars, according to RM Sotheby's, were built specifically for racing. This one was just a normal street-ready Daytona painted in red with a black leather interior. It was sold to the founder of an Italian automotive magazine, and it changed hands within the country a few times. In 1971, it was imported to Japan where it was driven and enjoyed until its last owner parked it in 1980, where it sat until this year. RM Sotheby's will auction the car at a special Ferrari auction in Maranello on Sept. 9, 2017, where it will be sold alongside a new LaFerrari Aperta. The car will be sold in the condition you see above. The odometer reads 36,390 kilometers (about 22,611 miles), and it's believed the number is accurate. A Ferrari specialist also confirmed that the body, chassis and powertrain all match. The pictures show that the car also includes a comprehensive tool kit that includes a lead hammer for removing/attaching the knock-off wheel nuts. RM Sotheby's expects this car to sell for between ˆ1.4 million and ˆ1.7 million, which is about $1.66 million to $2.02 million at current exchange rates. Of course if the buyer wants to fully restore this car as opposed to simply preserving it, the owner could be looking at some hefty costs to bring it back to like-new condition. Related Video: Featured Gallery 1969 Ferrari 365 GTB/4 Daytona Berlinetta Alloy View 25 Photos Image Credit: RM Sotheby's Ferrari Auctions Coupe Performance Classics RM Sotheby's barn find ferrari 365 gtb4 daytona