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Fangio's Ferrari sells for $28 million in New York [w/videos]

See this Ferrari? It just set the record as the most valuable automobile sold at auction this year. It's a 1956 Ferrari 290 MM driven by the legendary Juan Manuel Fangio, and it sold last weekend in New York for an astonishing $28.05 million. The speedster was built for Fangio to drive in the 1956 Mille Miglia – the last time the Argentinian would enter the race, which was shut down as a competitive event the following year. But before chassis number 0626 was retired, it was driven by such legends as Phil Hill, Alfonso de Portago, and Wolfgang von Trips. Ferrari only made four examples, and between its provenance and its pristine condition – it never crashed – this 290 managed to exceed its pre-sale estimate. In the process, 0626 powered its way into the record books as the most expensive car sold at auction in 2015, the most valuable that RM has ever handled, and the highest price ever paid for a vehicle in New York City. In fact the only cars ever sold at auction for more than this one were another Ferrari (the 250 GTO that Bonhams sold last year for $35 million) and another of Fangio's racers (the Mercedes W196 also sold by Bonhams for $29.6 million in 2013). Though Fangio's Ferrari was far and away the top lot of the day, it wasn't the only multi-million-dollar automobile sold as part of RM Sotheby's Driven by Disruption auction. A 1962 Aston Martin DB4 GT Zagato set a new record for British automobiles at $14.3 million. A Ferrari 250 GT Series I Cabriolet sold for $5.7 million, a Pierce-Arrow Silver Arrow went for $3.7 million, and another Ferrari 250 Europa sold for $3.3 million – as did Floyd Mayweather's Enzo. A '72 Lamborghini Miura SV fetched $2.4 million, and Janis Joplin's Porsche 356 set a new record for its type and well exceeded expectations at $1.7 million. All told, the event generated a massive $73.5 million in sales, of which the Fangio Ferrari alone accounted for over a third. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

How this Ferrari 250 GTE became Rome's most famous police car

We're used to seeing fancy cars gifted to or bought by certain international police forces today, but the story of this 1962 Ferrari 250 GTE goes well beyond a gift. Because Rome's anti-organized-crime unit, Squadra Mobile, was doing a terrific job in the early '60s, the Italian president asked what they wanted as a token of appreciation. The answer, meant as a joke, was "A Ferrari." The president, in all seriousness, got them two.
One was almost immediately destroyed during testing, the other remains in the care of Alberto Capelli today, whose father began attending military and government auctions just after World War II. Petrolicious visited Capelli to hear the 51-year-old tale of the most precious cop car you're going to see for a while, and it involves outlaws, a French gangster in a Citroën, a policeman who was offered a spot on the Ferrari factory team by Enzo himself, and more. It's a fantastic yarn, and you can watch the whole story below.

Ferrari F8 Tributo brings the best of the 488 Pista to the masses

This is the Ferrari deemed worthy of replacing the 488 GTB, called the F8 Tributo. Let's start with the red meat: 3.9-liter twin-turbo V8 producing 710 horsepower and 568 pound-feet of torque. Those numbers sound familiar? They're the same as we got from the special edition 488 Pista, and they outdo the 488 GTB by 49 hp and seven pound-feet. The F8 Tributo warps itself to 62 miles per hour in a Pista-matching 2.9 seconds, takes two tenths longer to reach 124 mph at 7.8 seconds, but runs all the way to the same 211-mph top speed. What's more, the F8 Tributo weighs 2,932 pounds dry when graced with all of the lightweight options. That's 111 pounds more than the Pista, but an 88-pound diet compared to the 488 GTB. Rear-slanted radiators frame an evolution of the Pista's S-Duct to redefine the front end. Ferrari said the under-over airflow trick delivers a 15-percent increase in downforce compared to the retiring 488. Redesigned headlights take a horizontal stance, making room for brake cooling ducts that obviated needing to fit larger brakes. The Lexan engine cover and its three subtle louvers hearken to the F40, and the quad taillights hearken to Gran Turismo Berlinetta Ferraris of yore. The enlarged spoiler hunkers over that light cluster in 812 Superfast fashion, above a rear fascia that incorporates curved mesh grilles. Ferrari says the overall look is "the bridge to a new design language." As a side benefit, it confers a 10 percent improvement in aero efficiency compared to the 488. Ferrari's updated its Side Slip Angle Control (SSAC), and made the revised Ferrari Dynamic Enhancer (FDE) available in Race mode "to make performance on limit easier to reach and control for greater number of drivers." SSAC allows for more drifty attitudes, the FDE adds automatic braking inputs to reduce the need for sudden countersteering. Formerly, FDE was only available with the steering wheel manettino control in the CT Off position. The cabin's been overhauled, starting with a smaller steering wheel dotted with a couple of additional buttons for hands-free phone operation. The former oblong vents give way to round ones, there's a new digital interface for the driver and 8.25-inch touchscreen for the passenger, and new door cards. We will be taking a much closer look at all of it come Geneva. Related Video: