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$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.
RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.
Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.

Ferrari 458 Speciale speeds toward Frankfurt

When the doors open at the Frankfurt Motor Show in a few weeks, there'll be loads of new cars and new versions of existing ones. And as far as the latter category goes at least, this will undoubtedly be what show-goers will look forward to most.
What we have here is the Ferrari 458 Speciale - the successor to the 360 Challenge Stradale and 430 Scuderia, and the hard-core version of the 458 Italia. It was expected to carry the name Monte Carlo, but then Ferrari has never been fond of letting the press dictate what it would call its cars. But forget the nameplate: what really matters is what it's got to offer.
For starters, the award-winning, high-revving 4.5-liter V8 has been retuned to deliver 605 cv (596 hp by our standards), up from 562 hp in the standard 458, while torque remains the same at 398 lb-ft. But the other side of the power-to-weight ratio (quoted at 2.13 kg/cv) is the extra mass Ferrari has cut out of the equation: the 458 Speciale's dry weight is quoted at 1,290 kg (2,844 lbs), representing a significant drop from the 458 Italia's 1,485 kg (3,274 lb) curb weight.

What next for Stefano Domenicali?

Ferrari is a team that's used to being on top. It does, after all, have more world championships to its name - 15 drivers' titles and 16 constructors' - than any other team in the history of Formula One racing. But despite having some of the best drivers and resources at its disposal, it hasn't won a championship in over five years. Someone had to take the blame for that, and that someone turned out to be Stefano Domenicali.
The team principal who took over after Jean Todt stepped back to focus first on the running of the entire company and then the FIA, Domenicali has presided over the driest spell in the team's history since Michael Schumacher and Ross Brawn arrived in the late 90s to bring Ferrari back to its winning form. Whether that ultimately proves to have been Domenicali's fault or not, the buck stopped on his desk and he resigned a couple of weeks ago, making way for Ferrari's North American chief Marco Mattiacci to take the reins. At least for now, anyway, as rumors circulate of a longer-term solution that could bring Ross Brawn back into the fold following his recent departure from Mercedes.
The big question now, however, is what Domenicali will do next. The latest intel suggests that he could leave four wheels behind but stay in the field of competitive sports to coach an Italian basketball team. The rumors are fueled by reports that Domenicali has been in touch with Giovanni Petrucci, head of the Federazione Italiana Pallacanestro - Italy's national basketball federation. The organization runs two professional basketball leagues within Italy as well as its national team that's won eight international championships, two gold, four silver and four bronze medals in the European league and two silver medals in the Olympics.