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Ferrari 288 GTO to be auctioned by Mecum in Monterey

If you're a rather affluent person attending the Pebble Beach Concours d'Elegance this year, you may want to set aside some spending money. Mecum is offering this gorgeous Ferrari 288 GTO at its Monterey auction. For those that don't know about the 288 GTO, it is one of Ferrari's greatest supercars, frequently compared with its successor, the F40. The car was originally developed for the fast and dangerous Group B rally racing class and featured a twin-turbocharged 2.8 liter V8 making 400 horsepower. Not only that, but the steel tube-frame chassis was draped in cutting-edge carbon fiber and Kevlar body panels. This particular model has just over 11,000 kilometers on the clock. If anyone of us at our office had it, that number would be multiplied a few times over. And it would likely be a reasonably comfortable driver, since this one has the option package that added air conditioning, a stereo and power windows. The stereo might be a tad superfluous considering the likely sonorous powertrain in this machine. The car also carries certification from Ferrari's in-house certifier and restorer, Ferrari Classiche. All this could be yours provided you have the cash to back up your bids. Mecum is expecting the 288 GTO to bring between two and three million dollars. This falls in line with Hagerty Insurance's average valuation of $2,350,000. That sum is a significant jump from five years ago when Hemmings estimated a good model going for about $650,000. Related Video:

Michael Schumacher's 50th birthday marked by celebrations, privacy

Against the backdrop of celebrations marking Michael Schumacher's 50th birthday on Thursday, the medical condition of Formula One's most successful driver remains just as fiercely guarded by his close family. More than five years after a near-fatal brain injury in a skiing accident, the seven-time F1 champion continues to be cared for in total secrecy at home in the quiet Swiss town of Gland on the shores of Lake Geneva. He has been there since being transferred from a hospital in September 2014. "You can be sure that he is in the very best of hands and that we are doing everything humanly possible to help him," Schumacher's family said in a rare statement Wednesday. "Please understand if we are following Michael's wishes and keeping such a sensitive subject as health, as it has always been, in privacy." It was while skiing with his teenage son Mick in the French Alps at Meribel that Schumacher fell on Dec. 29, 2013. He hit the right side of his head on a rock, splitting open his helmet. Doctors at Grenoble hospital removed blood clots, but others were left untouched because they were too deeply embedded in his brain. With unsourced stories abounding, updates on his condition went from scarce to non-existent as his family closed ranks around him . But the family understands the level of devotion toward Schumacher from his legions of fans. Coinciding with his birthday, the family is releasing the Official Michael Schumacher App offering a virtual museum tour of his greatest achievements. "The app is another milestone in our effort to do justice to him and you, his fans, by celebrating his accomplishments," the statement said. Seven titles Many of those accomplishments were with Ferrari, where the German driving ace won five of his seven F1 titles, in 2000 through 2004. (He won with Benetton in 1994 and 1995.) Ferrari is honoring his 50th with a special museum exhibition of his achievements at its Maranello headquarters in northern Italy. His stature is Ferrari folklore is immense, while his impact on F1 is unparalleled with perhaps the exception of the late Brazilian great Ayrton Senna. Schumacher's winners' aura was perhaps unfairly viewed from the outside as cold and distant, when in essence he was incredibly appreciative of those he worked closely with. In 2000, he delivered Ferrari from years of frustration with a first world title since Jody Scheckter in 1979.

Ferrari celebrates 70th anniversary on the 18th fairway at Pebble Beach

Ferrari is celebrating its 70th anniversary this year, so it's no surprise that the legendary Italian automaker played a large part in the 2017 Pebble Beach Concours d'Elegance this past weekend in the Monterey Peninsula. Four separate classes of Ferraris were featured including Grand Touring, Competition, Major Race Winners, and One-Offs. You can view the photos from the 18th fairway in the gallery above, or scroll down below to read about some of our favorites with descriptions courtesy of the Pebble Beach Concours Car Guide. 1958 Ferrari 335 Sport Scaglietti Spyder Three Ferrari 335 Sport Spyders with V12, 4-liter engines were built in 1957 — and then Luigi Chinetti persuaded Enzo Ferrari to build one more. This Spyder (chassis 0764) was completed by Scaglietti at the end of 1958. It was first presented at the New York Auto Show and was soon nicknamed the "Super Testa Rossa." Alan Connell purchased the car and raced it at Road America, Watkins Glen, Daytona and Nassau in 1959 and 1960. Thereafter it was owned, driven and enjoyed by several different collectors, and in 1990 it was notably lent to Phil Hill to drive in the Mille Miglia Storica. The current owner acquired the Spyder in 2013. 1967 Ferrari 412 P Competizione To replace the successful Ferrari P3, the factory developed the intermediate 412 P race car — also known as the P3/4. Designed by Mauro Forghieri, the 412 P features an aluminum body that owes its shape to the Ferrari wind tunnel, and the car develops 420 bhp due to its 4-liter, V12 engine with six Weber carburetors. This 412 P (chassis 0850) was purchased by the Ecurie Nationale Belge team of Jacques Swaters, and it raced in bright yellow livery at various events in 1967 and 1968. It finished second overall at the 1,000-km Race at Montlhery in 1967, and it won the Cote de Condroz and Cote de la Roche Hill Climbs in 1968. The car was also entered in the 1967 24 Hours of Daytona when Ferraris famously finished 1-2-3. After its racing days concluded at the end of 1968, the 412 P was converted to street use for Dean Martin, Jr. and was often seen on roads around Hollywood. It is shown here at Pebble Beach for the first time since being restored to its original racing specification. 1958 Ferrari 250 Testa Rossa Scaglietta Spyder This Ferrari (chassis 0728) is one of the most famous of all Testa Rossas.