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1963 Ferrari 250 GTO sells for $70 million

The Ferrari 250 GTO is well-known as one of the most valuable cars on Earth, and quite rare with just 39 examples built. It's a reputation backed by incredible sale prices, one of the most recent being an auction record of $38 million at Bonhams' Monterey auction in 2014. Not all of them cross the auction block, and one reportedly was sold in a private sale for a stunning $70 million, thought to be the highest price ever paid for a car. The price and the sale was confirmed by Fox News after the news outlet talked to a Ferrari historian. It was reportedly sold to American businessman. The duPont Registry reported on the sale a little earlier, having learned of the sale in a forum, and notes that the buyer may have been David MacNeil, CEO of WeatherTech, the company that makes and sells various floor mats and cargo-area covers. MacNeil is a Ferrari collector and driver and may well show and drive the car in vintage races and rallies. Not only does this price exceed the last auction price, it exceeds the last rumored private sale price. Back in 2013, a 250 GTO reportedly sold for $52 million. That particular car shared some of the racing heritage of this new record setter, including a win in the Tour de France, a race that was commemorated in the name of the Ferrari F12 TdF. Related Video:

Exotic cars caught on video racing on neighborhood streets in Beverly Hills

A pair of supercars caught on camera racing around a quiet Beverly Hills neighborhood last week has residents fearing for their safety. The video shows a white Porsche 911 and a yellow Ferrari LaFerrari as they clipped parked cars and blew through stop signs while residents of the upscale community watched in horror. Freelance cameraman Jacob Rogers shot the video of the supercar shenanigans. He later confronted a man outside the house where the Ferrari eventually parked. He asked the man if he cared that he was endangering people's lives. The man became combative and claimed he had diplomatic immunity. "He told me verbatim, 'I could have you killed and get away with it,'" Rogers told NBC Los Angeles. "I told him, 'the press is allowed to be here on the sidewalk on a public street.' He said, '(Expletive) America' and threw a cigarette at me." The Ferrari's plates are from the oil-rich country of Qatar. The race ended with the Ferrari pulling into the driveway of a $45,000-per-month rental home, its engine compartment smoking. Police can be seen arriving in the neighborhood. Los Angeles police are currently investigating the incident. Even though the LaFerrari was still smoking when police arrived they haven't filed charges because no officer witnessed the illegal activities. When police approached the owner of the vehicle he denied doing anything illegal and again claimed diplomatic immunity. Police told NBC they are in contact with the State Department about the man's diplomatic status and the legality of the cars in the neighborhood. Beverly Hills isn't the only swanky zip code plague by hotshot supercar owners. Some of the most expensive homes in London can be found In the Knightsbridge neighborhood - and some of the most expensive cars as well. This summer, the local council of Knightsbridge and nearby Chelsea began exploring a Public Space Protection Order that would fine drivers who rev their engines, drag race on residential streets or blare music, according to Reuters UK. News Source: NBC Los Angeles Government/Legal Ferrari Porsche Racing Vehicles Supercars Videos illegal

Ferrari 812 Superfast roadster on the way next year?

We'll lay this rumor here as a marker and compare it to future events. In a thread on the Ferrari Chat forum anticipating the reveal of the Monza SP1 and SP2, Ferrari expert Marcel Massini stopped by a few weeks ago to write, "Just wait till the 812 S Spider comes out (with a folding roof similar to the Portofino)." We don't know where Massini got his information, but he comes with credentials. The Swiss resident has been called "the world's leading Ferrari historian," documenting the Italian carmaker in books and articles for more than 35 years, and in 2014 he debunked the story of a 250 GTO for sale for $63 million because he knows where each of the 39 remaining GTO's are parked. If there's an 812 Superfast convertible on the way, the question is whether it will be another severely limited edition. Ferrari has lately been at its most restrained with V12 series production convertible models. The most recent was the F60 America, based on the F12 Berlinetta. That model was for the U.S. only, and Ferrari built 10. Before that, Ferrari made 80 examples of the 599 SA Aperta; this is the company that built 209 of the LaFerrari Aperta. The Ferrari 575M Superamerica, the first Ferrari with an electric hardtop, got 559 examples, and the brand made 448 models of the 550 Barchetta Pininfarina in 2001. You need to go back to the 1973 365 GTS/4 for the next-most-recent droptop V12. As for the roof mechanism, another forum member said he'd seen the car and the roof opens in the style of the mid-engined 488 Spider. On the Portofino, the entire rear decklid raises, the roof and backlight split in two, and a folding truss lays them upright in the trunk. The 488 roof also breaks in two, but it flips around hinges atop the B-pillar, resting upside down in a space above the engine. Mimicking the 488 for a front-engined GT would evoke the 575 Superamerica. That glass roof and backlight on that car were one piece that rotated around the B-pillar axis; when the roof was open, the underside of the roof was exposed. A bit of trivia: Leonardo Fioravanti designed the droptop 365 GTS and the roof mechanism for the 575 Superamerica. Yet another forum member said he attempted to place a deposit on a convertible 812S, but his dealer didn't know anything about the car, which isn't surprising. Related Video: Forum user gt_lusso wrote that the 812S Spider will come within 12 months.