1981 Ferrari 308 Gtbi Red On Black Leather 2.9l V8 on 2040-cars

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$8.8m '58 Ferrari 250 GT California Spider highlights RM's Arizona auction

All manner of vehicles change hands at the annual auction extravaganza in Arizona, but never has one sold for as much as the Ferrari you see here. The car in question is an (obviously) eminently desirable 1958 Ferrari 250 GT LWB California Spider, one of only 50 ever made and purring onto the stage in flawless red over black livery with matching numbers of the coveted covered headlights straight from the factory.
When we reported on the car's consignment in anticipation of this weekend's sale, it was expected to bring in between $7 and 9 million - and it's done just that, coming in near the top of its valuation with a winning bid of $8.8 million. That makes for a lot of zeros, but while it set a new record for the Arizona auctions, it hardly makes it the most expensive in the world. That honor still belongs to the Mercedes-Benz W196 that sold last summer for nearly $30 million. Nor is it the most expensive Ferrari ever sold at auction, an honor which still belongs to the 250 Testa Rossa that sold for over $16 million in 2011. Heck, it's not even the most expensive 250 California ever sold, coming in behind the SWB example that sold for nearly $11 million in 2008. All of which only goes to show just how insane the collector classic car market has grown in recent years.
The California was undeniably the highlight of RM's two-day sale, but was joined by several other seven-dollar lots, including a 1961 Porsche 718 ($2.75 million), a Ferrari 250 GT Lusso ($2.44 million), a Duesenberg Model J convertible ($2.2 million) and several other million-dollar Ferraris, Mercedes and a '35 Hispano-Suiza. A 1961 Chaparral 1 failed to reach its reserve price despite a high bid of $1.75 million, neither did a 1966 Porsche 906 Carrera 6 at $1.18 million or a Ferrari 275 GTB/4 at $2.85 million. RM Auctions did, however, manage to sell 85 percent of those lots consigned to bring in a massive two-day total of $45.56 million in sales, details of which you can read in the press release below.

Race Recap: 2013 Twelve Hours of Sebring, cakewalk up front, grindfest out back [w/spoilers]

This year's 12 Hours of Sebring wasn't exactly a foregone conclusion because we're still talking about racing, and anything can happen when the speeds are as high as the adrenaline and the desire. But we're still talking about Audi bringing it's two top-spec racers - and its huge budget and its nearly neurotic attention to detail - to a race that it uses as a test bed for The 24 Hours of Le Mans and as a way to open the endurance racing season with a victory.
Besides, 12 hours is a long time, especially at Sebring, and things didn't go all Audi's way. On top of that, although it was a pretty quiet race, behind the Audis things got even grimier, with plenty of battles, plenty of mechanical issues, and the new BMW Z4 GTE and Viper GTS-R being race tested. Oh, and that brand new chromed-out DeltaWing...

Final Ferrari LaFerrari Aperta sells for $10 million

All Ferraris are expensive, but some are more expensive than others. The Ferrari LaFerrari Aperta is the current king of the mountain, with just 209 examples built, at least so far. A few weeks ago, the Italian automaker announced it would be building one last example, putting the total production number at 210. The car went up for auction this past weekend, and, with a final sale price of about $10 million, the car more than doubled the initial estimates of $3.5 million to $4.7 million. What's a few more million if it's all going to charity? The LaFerrari Aperta is basically the open-top version of the standard LaFerrari. The 210th example was built to celebrate Ferrari's 70th anniversary as an automaker. We're not sure that the owner of the 209th model will be too happy that their car is slightly less special, but we're sure they can drown their sorrows with a screaming V12. The 210th model will wear a special livery that's basically a few white stripes over classic Ferrari-red paint. $10 million is a lot of dough for a car that hasn't actually been built yet. Technically, the winning builder bought the rights to the 210th car, not the car itself. According to Autoweek, all proceeds from the auction will benefit Save the Children, an organization that helps disadvantaged children around the world. The LaFerrari Aperta just beat out this gorgeous 1 959 Ferrari 250 GT LWB California Spider by Scaglietti that sold for $9.5 million. Related Video: News Source: RM Sotheby's Green Ferrari Auctions Convertible Supercars ferrari laferrari ferrari laferrari aperta