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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

These are the top 10 highest-grossing auctions of Scottsdale 2015

Scottsdale always brings some pretty high-value metal across the auction block, but this year saw a particularly pricey array of classics trade hands. In fact, Hagerty reports that, with over $292 million in total sales from the various auction houses present, this past holiday weekend saw an 18 percent increase over last year – the second-highest year-to-year increase in Arizona automobile auction history. The Pratte Collection auction handled by Barrett-Jackson sold to the tune of $35.5 million, accounting for a large portion of overall sales, but even without that staggering array of classics, there was still an enviable array of machinery on the block this year. The highest-value lot not only of this year's event but of any year prior was the 1964 Ferrari 250 LM that RM Auctions sold for $9.6 million. And as you might have guessed, Ferraris accounted for the lion's share of the top ten results this year – including the first, second, third, fifth, seventh, eighth and both the lots that tied for tenth place on the list. In fact, three out of the top ten were Ferrari 275s. Coming in second place was the 1966 Ferrari 275 GTB Competizione that Bonhams sold for $9.4 million, which – like the 250 LM – was also raced by Scuderia Filipinetti. It was followed by a '59 Ferrari 250 GT LWB California Spyder sold by Gooding & Company for $7.7 million. Barrett-Jackson sold a '66 Shelby Cobra 427 Super Snake for over $5M, Gooding handled a '62 Ferrari 400 Superamerica ($4M), and Barrett-Jackson's 1950 GM Futurliner brought in another $4M for charity. The remaining top ten was filled out by a '67 Ferrari 275 GTB/4 ($3.6M – RM), a '73 Ferrari 365 GTS/4 Daytona Spyder ($3.3M – RM), and a '54 Pontiac Bonneville Special Motorama concept ($3.3M – BJ), with a '66 Ferrari 275 GTB/2 Longnose and an '84 Ferrari 288 GTO tying for tenth place at $2.75M apiece by RM. Featured Gallery Top 10 at Scottsdale 2015 View 11 Photos News Source: Hagerty Ferrari Auctions Classics bonhams rm gooding hagerty

Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.