2012 Ferrari 458 Challenge Check Out The New Price!!! Call Now And Buy! on 2040-cars

Auto blog

FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video:

This '61 Ferrari 250 GT SWB could be yours for eight figures

The 250 GT SWB Berlinetta ranks among the most desirable of Ferraris, and this one has been under the same ownership for the last 47 years. Now it's coming up for auction. Chassis No. 2917GT served as the Prancing Horse marque's centerpiece at the 1961 Paris Motor Show, where it was displayed in light blue. Its first owner, however, only owned black cars, so he had it repainted. It changed hands a few times over the years, and was repainted in classic red somewhere along the way. That's the color it remains today. Its current owner is described as a well-regarded collector living in the Brittany region of France and has reportedly taken exceptional care of it, driving it regularly and bringing in the best mechanics to service it. But after nearly half a century in his care, he's letting it go. Artcurial will be handling its sale during the Le Mans Classic on July 9. We're waiting on word regarding how much the auction house expects it to sell for, but the records at Sports Car Market have similar examples selling in the past couple of years for upwards of $10 million. Given the apparent condition of this particular specimen, we don't doubt that it'll fetch top dollar. THE EX-PARIS MOTOR SHOW 1961 FERRARI 250 GT SWB BERLINETTA IN SAME OWNERSHIP FOR 47 YEARS – LE MANS CLASSIC, SALE 9 JULY 2016 – Paris – Artcurial Motorcars has raised its international profile in recent years by offering some of the world's rarest and most valuable cars at auction. The top ten most expensive cars ever to sell at auction include two cars from each of Artcurial Motorcars' last two Retromobile sales: the ex-Bardinon 1957 Ferrari 335 S Spider Scaglietti that sold on 5 February 2016 for 32.1Mˆ / 35.7M$ – a world record price (in ˆ and GBP) for a car sold at auction – and the 1961 Ferrari 250 GT SWB California Spider from the Baillon Collection that fetched ˆ16.3M / 18.5M on 6 February 2015. Artcurial Motorcars is also known for consigning important cars that are new to the market, a key feature of the star car in the next sale at Le Mans Classic on 9 July. The 1961 Ferrari 250 GT SWB Berlinetta #2917GT has been in the hands of the present owner some 47 years, and has had just five owners from new. This remarkable car was displayed new at the 1961 Paris Motor Show, presented in a light blue Azzuro.

Trump's old Ferrari F430 sells for $270,000

You may remember that Auctions America was going to sell a 2007 Ferrari F430 owned by the current president of the United States. It was estimated at between $250,000 and $350,000. It went for auction this weekend and just barely fell into that range. According to Bloomberg, Donald Trump's old Ferrari failed to meet the reserve, set at $250,000, with a final bid of $240,000. However, Auctions America said the car sold after the auction at $270,000. So the auction company did get its estimate right, but just barely. As for what the new owner purchased, he or she got an F430 with celebrity and presidential heritage, the F1 automatic gearbox, low miles, a service history, and a classic Ferrari red paint job. Of course we still stand by our preference for a manual one in our choice of color and without any celebrity history (or baggage depending on your opinion). Check out our original piece for more details on the car. Related Video: