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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 chief staying on to launch new models in October

Luca di Montezemolo has been running Ferrari since 1991. That's a whopping 23 years already, and having been born the same year that Ferrari was founded, Montezemolo is now 67 years old. But don't expect him to be stepping down any time soon.
Addressing the rampant rumors circulating the paddock at Monza this weekend, the hereditary Marquis of Montezemolo (pictured above at the unveiling of the 458 Speciale in Frankfurt last year) insisted that he is not about to leave Ferrari. Not before 2017, anyway, having signed as recently as this past March to stay on another three years. (After that, it's anyone's guess, with some suggesting that controversial Fiat scion Lapo Elkann could take his place.) But in dismissing the rumors, the affable and long-serving Ferrari chairman did reveal some new product plans.
First of all, according to racing site Autosport.com, Luca confirmed that the Prancing Horse marque "will present a fantastic new car" at the Paris Motor Show next month, widely expected to be a new variant of the 458: either the new Speciale Spider or the turbocharged 458 M. While he was at it, though, Montezemolo also revealed a new limited edition model to be presented in California.

Ferrari SP3JC one-off channels vintage roadsters with a color-wheel twist

Not long after we posted on rumors of a Ferrari 812 Spider, we get this, the Ferrari SP3JC. This is no 812 Superfast, though, it's a one-off commission based on running gear from the limited edition F12 TDF. John Collins, owner of classic Ferrari dealer Talacrest in the UK, provided the dream, the funds, and therefore the "JC" in the open-top's name. We'll assume this being Ferrari's third Special Project this year contributed the rest of the alphanumeric. Collins said the project took 3.5 years from dream to completion, and Ferrari said the design process consumed two of them. While there have been at least six special editions and commissions based off the F12, this is the first one-off to use the F12 TDF. The Italians say the SP3JC is "designed to pay homage to company's classic 1950s and 1960s roadsters." A much wider power bulge in the hood falls all the way into the grille of the redrawn front fascia. New vents appear at the corners of the bumper. Above, instead of the F12 TDF's small hood vents, two large, transparent panels provide views of the 6.3-liter V12. At the side, instead of the modern rising fender line from front wheel to cowl, the fender descends on its way rearward akin to Ferraris of old. The redrawn panels move the donor car's vent to above the rocker panel, and erases the three vents over the rear wheels. In back, 812 Superfast taillights preside over a layered fascia with three full-width vents and a jutting diffuser. The 812 Superfast also donated its wheels. Roll hoops stand guard behind the seats. According to a poster on Ferrari Chat, the SP3JC doesn't come with a roof. About that paint scheme: There were plenty of vibrantly hued classic Ferraris, but we don't know of any that put so many hues on one body. Ferrari says the mashup here was inspired by Collins' "passion for Pop Art." Bianco Italia mixes with Azzuro Met and Giallo Modena, right down to the yellow pinstripes on the wheels and the matching blue and white leather inside. Personally, we'd rather jump off with the F12 TRS when imagining what an 812 Superfast Spider could look like, but this is probably a better place to start. View 43 Photos Related Video: