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1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the group of them sold for $65.945 million.

2020 Ferrari 488 GT3 Evo arrives with new aero, same great Italian looks

The new Ferrari 488 GT3 Evo race car is here. And though it’s not a whole lot different than the 488 that debuted a few years back, Ferrari has a comprehensive round of changes coming its way for the 2020 racing season.  To start, the 488 retains its name. Ferrari released the F8 Tributo not too long ago, but the race car isnÂ’t changing along with the updated road car. Ferrari says the lionÂ’s share of work for this new 488 GT3 Evo is all in the aero. It spent over 18,000 hours performing simulations and wind tunnel testing to develop a new front end design. Now, the 488 has a smaller frontal section under the headlights, which allowed engineers to fit a pair of flicks to the front bumper. A redesigned splitter complements the new front bumper. The door shape has changed for better airflow efficiency, and the vents on top of the rear wing are larger than before. Ferrari says that all of this results in a more aerodynamic car that produces even more downforce than before. The wheelbase is slightly longer than last year (Ferrari doesnÂ’t say by how much). This was done to reduce tire wear and facilitate the carÂ’s transformation from GT3 to GTE. Ferrari says it focused on reducing weight, but it didnÂ’t say by how much. This allows the team to better place the ballast forced upon it from Balance of Performance rules. Some re-tuning of electronic systems was done. Traction control, ABS and the engine management system were all given a refresh in this car. Ferrari claims the engine software update improves reliability and “guarantees smoother, more precise torque delivery." Lastly, if youÂ’re racing with an older 488, thereÂ’s no need to fret. Ferrari says all these upgrades can be applied to the older car to bring it up to date. Chevy also recently debuted the C8.R race car, the mid-engine Corvette that will meet the 488 on the battlefield. 

Ferrari hails Vettel as the 'moral winner' after 'stolen' F1 race

MONTREAL — Ferrari hailed Sebastian Vettel as the moral winner of the Canadian Grand Prix on Sunday while the German raged at being robbed of victory by race stewards. "They are stealing the race from us," the angry German exclaimed over the team radio as he was told he was under investigation after running off the track and into the path of Mercedes rival Lewis Hamilton. Vettel was given a five-second penalty, finishing first but having to hand victory to Hamilton. "No, no, no. Not like that. You have to be an absolute blind man, you go on the grass how are you supposed to control your car? This is the wrong world," the Ferrari driver yelled after being notified of the penalty. "It's not making our sport popular, is it? I mean, with these kind of decisions," he told Sky Sports television after the podium ceremony. He had earlier parked up in the wrong place and stormed straight to the Ferrari hospitality area before returning to the pitlane. There he rearranged the numbers in front of the cars, switching the 'one' board from Hamilton's car to the space where his Ferrari should have been. "If it had happened to me I would have kicked the damn board and thrown it against the car," said Mercedes F1 boss Toto Wolff, whose team has now won the first seven races of the season. "I am of course biased for Mercedes, and I say there is a rule that says you need to leave a car's width when you go off the track and I think his instinctive reaction was 'I need to protect that position' and maybe that was a tiny bit too far." Wolff said he was surprised by the stewards' decision but also defended them. The officials included experienced Italian racer Emanuele Pirro, a former F1 driver and five times winner of the Le Mans 24 Hours sportscar race. "I think the stewards up there need to be people that need to be supported," said Wolff. "There is Emanuele up there, it doesn't go any more professional and experienced than Emanuele. Said Vettel, "People want to see us race and that was, I think, racing. I hope the people come back, that's the main thing obviously... it's just a shame when we have all these little funny decisions." Ferrari team boss Mattia Binotto indicated there could be no appeal by the Italian team but said there was no doubt about the real winner. "It's not down to us to decide, and that's the sport. But certainly if you look at the crowd, everybody I think today believes that there was nothing Sebastian could have done," he said.