2010 Ferrari 458 on 2040-cars

Auto blog

1962 Ferrari 250 GTO with $45M estimate most expensive car offered at auction

Not long after a 1963 Ferrari 250 GTO was sold for a staggering $70 million, another is coming up for sale. At RM Sotheby's Monterey sale in late August, a 1962 250 GTO carries a pre-auction estimate of more than $45 million. Reportedly all original 250 GTOs built between 1962 and 1964 have survived, and they are all worth serious money. This 250 GTO, chassis number 3413GT, started its life as a works car tested by American racer Phil Hill at the 1962 Targa Florio road race. The third one built in a 36-unit production run, the car won numerous races in the hands of its first private owner, Edoardo Lualdi-Gabardi, who won the Italian National GT championship with it. Later on, Gianni Bulgari of Bulgari jewelry fame continued to race the car, and miraculously it was never crashed, nor did it have to discontinue a race. Despite that, 3413GT received a new, Series II specification body by Carrozzeria Scaglietti in 1964. The Ferrari was last sold in 2000 for an already respectable $7 million, and it wasn't stowed away for two decades: it's been seen at countless classic events and vintage races. RM Sotheby's says the car has been maintained in "highly original" condition, and it will be interesting to see how it performs at the auction, compared to a previous 250 GTO auction record of $38 million in 2014. At the very least, 3413GT's estimate makes it the most valuable car ever put up for auction. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 1962 Ferrari 250 GTO auction Image Credit: RM Sotheby's Ferrari Auctions Car Buying Racing Vehicles Performance Classics RM Sotheby's ferrari 250 gto 1962 ferrari 250 gto ferrari auction

Race recap: 2016 Monaco Grand Prix gets very wet, a little wild

More than at any other race, the Monaco Grand Prix question is: which combination of demolition derby, Safety Cars, and bad pit strategy will decide the podium? Last year Lewis Hamilton's late, confounding pit stop cost him victory. The year before, Nico Rosberg's qualifying "mistake" put him on pole and Mercedes-AMG Petronas' pit strategy sealed his win – good for Nico, bad for Hamilton and the rest of the field. In 2013 Hamilton dropped from second to fourth when he lollygagged in the pits. In all three years, Rosberg won. The new X factor for 2016: a Red Bull resurgence that helped Daniel Ricciardo clinch his first career pole. Nevertheless, bad pit strategy had its say in the results. Ricciardo built up a 13-second lead by Lap 15 in spite of heavy rains that forced the Safety Car to lead the first eight laps of the race. Ricciardo stopped on Lap 23 to switch to intermediate tires for the drying track, ceding the lead to Hamilton. Hamilton pitted from the lead on Lap 31 for softs, then Red Bull pulled Ricciardo in again on Lap 32 and made a snap decision to put him on ultra softs, but the tires weren't ready when Ricciardo reached his pit box. What should have been a three-second pit stop turned into a 13.6-second pit stop. Ricciardo left the pits as Hamilton came down the straight and the Aussie lost the lead into the first corner. Despite two attempts to pass later in the race, Hamilton finished first, the Aussie second. It's the second race in a row where pit strategy cost Ricciardo a near-certain win. Conversely, Force India nailed both tire strategy and pit timing with Sergio Perez. The Mexican started in eighth but got into third before half the race was done, passing four cars in the pits, and finished on the podium's final step. Otherwise the order barely changed from about half distance, with Ferrari driver Sebatian Vettel in fourth, followed by Fernando Alonso in the McLaren, Nico Hulkenberg in the second Force India, Rosberg in the second Mercedes, Carlos Sainz for Toro Rosso, Jenson Button in the second McLaren, and Felipe Massa taking the final point for tenth for Williams. Storms didn't only hover over the area, though – dark clouds hung around several teams and drivers. Mercedes' reliability is no longer so reliable. The Silver Arrows suffered engine issues on both cars in qualifying, and Hamilton's problem almost kept him from setting a time in Q3.

The new Ferrari 812 Superfast has a 789-hp V12, is self-explanatory

You're looking at the replacement for the F12 Berlinetta. Gorgeous, right? While in keeping with the recent styling success of Ferrari cars, this one bucks a trend. Unlike the last three updated models from Maranello – the GTC4 Lusso, California T, and 488 GTB – the 812 Superfast doesn't use turbos. Instead, it continues with a naturally aspirated V12. A bigger, more powerful one. And of course, this front-engine supercar GT will be super fast. The 812's twelve-cylinder displaces 6.5 liters, up from the F12's 6.3. Power stands at a round 800 CV, which translates to 789 horsepower, while torque is up to 530 pound-feet. For reference, the 6.3-liter in the F12 makes 731 hp and 508 lb-ft, while the F12 Tdf's massaged version puts out 769 hp and 520 lb-ft; the LaFerrari's engine made 789 hp, which was boosted further with the addition of an electric motor. So this 6.5-liter is tied for the title of most powerful Ferrari road-car engine, and it makes this the most powerful front-engine Ferrari ever, which is neat. It's supposed to reach 62 mph in 2.9 seconds and reach a top speed of 211 mph. Yep, super fast. Max power is again made at a screaming 8,500 rpm and the torque peaks at 7,000. More displacement means more output, but Ferrari also switched to a higher-pressure fuel system and variable-geometry intakes to squeeze even more out of its big V12. The company's seven-speed dual-clutch transmission gets its own gear ratios to handle the power in this application. One big change is the car's switch from hydraulic to electric power steering. It's the first Ferrari road car to use EPS, and the company assures us just makes things better by working with the other chassis systems, like Side Slip Control. The 812 Superfast also gets the second version of Virtual Short Wheelbase, Ferrari's name for rear-wheel steering. Ferrari says the updated design is supposed to be reminiscent of the 365 GTB4 from 1969. We say it's just plain pretty either way. There are active flaps at the front and some kind of new air bypass at the rear to improve downforce, and which sounds a lot like something out of Formula 1. The launch color seen here is the special Rosso Settanta, which is in celebration of the company's 70th anniversary. The interior has been updated a bit as well, with a reshaped dash top (featuring one fewer air vent) and new controls on the steering wheel.