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One of Niki Lauda's 1975 championship F1 cars is going to auction

If you've been looking to add some Ferrari F1 cars piloted by legendary drivers, this is your year. On top of Michael Schumacher's 2002 Ferrari F2002 going to auction by RM Sotheby's, Gooding & Co. just announced it will be selling a 1975 Ferrari 312T used by the late Niki Lauda to win that year's championship. The auction house also says this is the first time a Ferrari 312T has been offered at auction. This particular car is chassis 022, and like all 312T's, it featured a flat-12 engine and a transverse transmission. The model was new for 1975 and replaced the troubled 312B3. Lauda, having won the championship in 1975, obviously had a good year with the model, but also with this particular car. He won the French Grand Prix, and took second and third in the Dutch and German races respectively. He also secured pole positions in every race he ran in it. Since leaving racing, this Ferrari has gone to various collectors. The seller is a collector from the U.S. who acquired the car in 2008 and had it fully restored. After that, the car made an appearance at the 2017 Pebble Beach Concours d'Elegance, where it took third in class. So this Ferrari has both racing and show pedigree. The Ferrari will be offered at the Gooding & Co. Pebble Beach auction this August. The auction house expects it to sell for between $6 million and $8 million.

Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Ferraris continue to rake in money during classic car auctions, and the sale of RM Sotheby's Pinnacle Portfolio collection during Monterey Car Week is only further proof of that. The Prancing Horse grabbed four of the top five spots among the 25 vehicles crossing the block. The leader among them was a 1964 Ferrari 250 LM with an extensive racing history that went for $17.6 million, according to the company's unofficial numbers sent to Autoblog. The only vehicle to keep Ferrari from locking out the top five was a 1998 McLaren F1 LM-Specification that went for $13.75 million. It's claim to fame included being the second-to-last road version of these famous supercars built. Plus, the coupe is only one of two with the LM spec package, which included the 680-horsepower racing version of the V12. Showing more modern Ferraris are also appreciating, a 2005 Enzo went for $6.05 million, taking third place. This example was the last one ever made and was originally gifted by the company to Pope John Paul II. However, he had the car sold for charity. Similarly special, fourth went to a 1994 F40 LM racecar for $3.3 million. Finally, a 1967 275 GTB/4 rounded out the top five also at $3.3 million. Amazingly, the vehicles in the Pinnacle Portfolio came from just one person who the company only identified as a "private US-based gentleman collector." Check out the gallery to see all 25 rolling across the block, including a Toyota 2000GT, Porsche 959, and Jaguar XJ220.

Ferrari celebrates at Hong Kong's Asia World Expo

More than 600 Ferrari models, representing every era of the famed automaker's production, celebrated 30 years of presence in Hong Kong with a gathering at the Asia World Expo this past weekend. The event marked the largest single gathering of Maranello's sports cars ever organized in China. The weekend culminated with Marc Gene, Scuderia Ferrari's test driver, unveiling the new 458 Speciale.
There are only about 1,700 Ferrari owners in China, and they boast an average age of just 35 years. The young clientele in the Asian market often take advantage of Ferrari's 'Tailor Made' bespoke program and they have a growing interest in racing. The automaker says that many will travel to the Mugello circuit in Italy to participate in the final event of the Asia Pacific series of the Ferrari Challenge in a couple weeks.
"I am pleased to be here to celebrate Ferrari's thirty years in Hong Kong, along with so many owners who share our passion and the search for excellence, exclusivity and innovation," said President Luca di Montezemolo. The video shows hundreds of Ferraris, in popular white, yellow and red, being arranged indoors to form the Bauhinia Blakeana, a five-pedal flower that is the characteristic symbol of Hong Kong. Apparently owners of the more exclusive Blu Scozia, Avio Met and Vinaccia colors were asked to park outside. Scroll down below for a video and press release detailing the event.