1987 Ferrari Mondial Convertible Great Service History on 2040-cars

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Ferrari driver Sebastian Vettel crashes in F1 preseason testing

MONTMELO, Spain — Sebastian Vettel crashed into a tire barrier in Formula One preseason testing on Wednesday, damaging his Ferrari but not sustaining any injuries. Vettel lost control on Turn 3 at the Barcelona-Catalunya Circuit, going through the gravel and hitting the wall. Ferrari said Vettel was "off due to a mechanical problem." It said the car was sent back to the garage "for all the needed checks." The Italian team did not specify what problem led to Vettel's crash in the morning session of the second of four days of testing. The crash prompted a red flag, and Vettel's Ferrari had to be towed back to the garage. McLaren driver Carlos Sainz was leading Wednesday's session with a time of 1 minute, 17.144 seconds, the fastest so far after six days of testing. Vettel had the second fastest time of the day, followed by Red Bull driver Max Verstappen and Mercedes rival Valtteri Bottas. Also Wednesday, McLaren said two-time world champion Fernando Alonso will be the team's ambassador and continue to advise its drivers and engineers, as well as "drive at selected tests to support the development" of the team's cars for 2020. Alonso, who was at the Barcelona track on Tuesday, will drive for McLaren in this year's Indy 500. Renault said Russian driver Sergey Sirotkin, who raced for Williams last season, will be the team's reserve driver in 2019. Testing will continue through Friday at the Barcelona-Catalunya Circuit, home to the Spanish Grand Prix. The season-opening Australian Grand Prix is on March 17. More AP racing Motorsports Ferrari Racing Vehicles F1 Sebastian Vettel

Totaled Ferrari Dino sculpture sold for $250k

How much would you pay for a Dino? Although this sub-brand was supposed to offer lower-cost alternatives to more expensive Ferraris, a 246 GTS model with "chairs and flares" can fetch big bucks. The later, more angular 308 GT4 is less desirable, but the one above just sold for $250,000. Oh, and it's a complete wreck - an absolute write-off, as you can see. So how did it fetch a quarter million when it wouldn't be worth that much in pristine condition? Because this is art.
"Objet trouvé", to be specific, the French term for a common object elevated to a work of art. That's the way it ended up displayed by celebrated French artist Bertrand Lavier and the Galerie Yvon Lambert at the Foire Internationale d'Art Contemporain (FIAC) art fair at the Grand Palais in Paris last week, where an unnamed Turkish collector paid the landmark price. Let's hope he's not planning on restoring it, because it's apparently worth more totaled.

Beautiful Ferrari 250 California poised to break hearts, records

If you think buying a new Ferrari is expensive, just look at the prices collectors pay at auction for some of the brand's most desirable classics. The figures regularly delve well into eight figures. As in, tens of millions of dollars. One of the most sought-after is the Ferrari 250 GT SWB California Spider, and the one you see here looks poised to raise the bar yet again. One of only 56 made (and just 16 with open headlights), chassis number 2505 GT is an exceptional example of the breed in Blu Scuro with Pelle Beige interior. Unlike most Californias that were sent to the US, this particular one was delivered new within Italy, where it remained until 1974 when it moved to Switzerland for 20 years. Since undergoing full restoration by Ferrari's own Classiche department, it won top honors at the Cavallino Classic and honorable mention at the Concorso d'Eleganza Villa d'Este, it's been displayed at the Ferrari Museum in Maranello and was even driven by Luca di Montezemolo himself in the parade at the Finali Mondiali in Valencia a few years ago. Now it's going up for auction by RM Sotheby's at Villa d'Este next month, where it is sure to fetch a pretty penny or two. (And by "two," we mean "bajillion.") It's got quite an act to follow: the last time a California Spider traded hands, it sold for a record $18.5 million – and that was an unrestored barnfind – eclipsing the pristine example Gooding sold last summer for over $15 million. The records at Sports Car Market demonstrate that California Spiders hold the top spots for the most expensive variants of the iconic 250 GT ever sold at auction, and though pre-sale estimates place its value between $12 and 14 million, we wouldn't be surprised to see it fetch much more once the gavel drops. Though surely the most valuable, it's not the only collectible Ferrari up for grabs at the event on Lake Como this year. The California will be joined by a 1950 Ferrari 195 Inter Berlinetta along with an enviable quartet of Prancing Horse supercars (288 GTO, F40, F50 and Enzo) as well as a rare 599 GTB with a six-speed and HGTE package and a single-owner 575 Superamerica.