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1960 Ferrari 250 GT sells for over $8 million in record-setting RM auction weekend

Although the vast majority of eyeballs were tuned to the madness at Barrett-Jackson this past weekend, that televised car auction wasn't the only high-dollar game in Arizona. RM Auctions brought its usual gaggle of exotic wares to the desert, and the car that came out on top sold for much more than Barrett-Jackson's highest sale, the Batmobile.
Coming out on top at RM last weekend was Lot 164, a 1960 Ferrari 250 GT SWB Berlinetta 'Competizione' that sold for a massive $8,140,000 - the buyer could've nearly bought two Barris Batmobiles for that chunk of change. Lot 122, a 1967 Shelby 427 'Semi-Competition' Cobra, stood at $2,007,500 in second place, just in front of Lot 145, a 1967 Ferrari 275 GTB/4, which sold for $1,842,500.
After all said and done, RM reported $36.4 million in sales. That's a record for RM in Arizona, even though the total number of lots for 2013 was reduced significantly. Eight machines cracked the million-dollar mark, and you can see all of them in the press release right down below or peruse all of the auction results here. But first, be sure to scroll through our high-res image gallery of live photos above.

Ferrari F12 TdF shrieks like a banshee on the Gumball

With all the exotic metal (or carbon) participating in the Gumball 3000 rally each year, it takes something truly exceptional to turn heads. The new Ferrari F12 TdF is up to the challenge. For those who may have missed the reveal back in October (and this week's episode of Top Gear), the F12 TdF could very well be the ultimate naturally-aspirated twelve-cylinder Prancing Horse. And by "ultimate," we mean possibly the last, before turbochargers and hybrids take over Maranello completely. Named after the legendary Tour de France (for automobiles, not cyclists), Maranello's latest is based on the F12 Berlinetta, but like the 599 GTO before it, the TdF pushes the envelope even further. Its 6.3-liter atmospheric V12 revs all the way up to 8,900 rpm, producing a monstrous 769 horsepower and 520 pound-feet of torque along the way – enough, in other words, to put the Lamborghini Aventador SV (and most anything else) to shame. It'll reach 62 miles per hour from a standstill in less than three seconds, top out at over 211 mph, lap Fiorano faster than any road car this side of LaFerrari, and slide around all day and all night with its four-wheel steering system. And it screams. Don't take our word for it: turn up the speakers, hit "play," and listen to the F1-like shriek it emits out in the wild. Related Video: News Source: Marchettino via YouTube Ferrari Coupe Performance Videos ferrari f12 gumball 3000 ferrari f12 tdf

1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included 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 group of them sold for $65.945 million.