2001 Ferrari 360 F1 Spider Convertible - Giallo Modena Yellow With A Black Top on 2040-cars

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1962 Ferrari 250 GTO Sells For $38 Million At Auction

A 1962 Ferrari 250 GTO became the most expensive car ever sold during an automotive auction Thursday night when a buyer paid $38 million for the vehicle at a Bonhams event. Only 39 of the racers were ever built, and it is a favorite among collectors. One reportedly sold for $52 million in a private sale. If true, it would be the most expensive car ever purchased. Another Ferrari GTO built for legendary racecar driver Stirling Moss sold for $35 million in 2012. Thursday's sale broke the auction record set at a Goodwood auction last year of a Mercedes W196R that was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races by $8 million. Pretty good for a car that went to the auction block with no reserve, meaning there was no minimum price set for the sale of the car, though bidding started at $11 million, according to the Los Angeles Times. The Ferrari 250 GTO was the star of the show, but it wasn't the only rare Ferrari on the auction block. Bonhams brought ten of the most collectable Ferraris in the world on stage, including a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the Ferraris sold for $65.945 million, according to Autoblog.

Last Ferrari 275 GTS/4 NART Spider could top $26m at auction

One of the prettiest convertible Ferraris built, the NART Spider is also one of the rarest – only ten cars ever left the factory. This specific car was the last off the line, and has the additional distinction of being the only NART Spider sold new in Europe. It was also the only one painted in the Grigio Scuro shade of medium grey from factory. It has been redone in a tasteful red, which is an interesting change from the usual bright Ferrari color. It is also the third-to-last Ferrari 275 to be built altogether. The NART name stands for North American Racing Team, and the drop-top production run is credited to the U.S. Ferrari distributor Luigi Chinetti, who wanted to boost the 275 model's sales with a limited edition convertible model. Originally, Ferrari planned to build 25 cars, but despite the racing pedigree only ten found owners. The first NART Spider finished second in class at the 1967 12 Hours of Sebring, and the model also has some Steve McQueen cool about it due to a starring role in The Thomas Crown Affair. This car, chassis #11057, was sold new in Madrid to a Spanish Foreign Legion colonel, and spent its first 14 years in Spain. In the early 1980s it was bought by a Swiss collector, who had it restored for the first time, and in the mid-90s it moved to the UK. The current paint scheme dates back to 2001, while the interior's beige leather re-trim is from 2009. Despite a gradual change in appearance, it is a fully numbers-matching car that still retains the 300-horsepower Colombo V12 it received at the Maranello factory. A similar NART Spider was auctioned at RM Auctions' Monterey event in 2013, for a staggering $27.5 million. That specific example, finished in a brighter hue was estimated at 17 million tops, so it will be interesting to see whether this darker car will surpass its estimate at the auction held on May 14th. Related Video: Featured Gallery RM Sotheby's 1968 Ferrari 275 NART Spider View 16 Photos Image Credit: RM Sotheby's Auto News Ferrari Auctions Convertible Classics Steve McQueen RM Sotheby's ferrari 275

Ferrari to introduce a V8 hybrid supercar this year

Ferrari is bringing a new mid-engine V8 supercar to the market this year — but with a hybrid drivetrain this time. Last year, then-Ferrari CEO Sergio Marchionne told Auto Express that a hybrid V8 was coming, and Automotive News is now reporting that a hybrid supercar will debut later this year. According to Automotive News, the new Ferrari won't be displayed at the Geneva Motor Show next month, but it will have an unveiling event of its own later on. It will sit above the 488 Pista, as it will have more power. Automotive News quotes Ferrari CEO Louis Camilleri as having confirmed the car on an earnings call in late January, saying that it will be more profitable than for example the 812 Superfast and that deliveries will start a year from now. The hybrid V8 supercar marks a step ahead for Ferrari, as it means hybrid tech will no longer be reserved to limited-edition specialties like the KERS-boosted LaFerrari, but that the technology will feature in a "regular lifecycle" model. Camilleri also stated that 60 percent of the Ferrari lineup will have a hybrid variant by 2022; this means that there will be pure gasoline variants for petrolheads shunning electric assist, but that Ferrari can also move ahead with the times. The electrified technology that Ferrari is developing is also expected to trickle to Maserati's upcoming Alfieri model that replaces its GranTurismo; that car will also be made in Ferrari's hometown of Modena. Related Video: