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FCA likely won't sell more than 10% of Ferrari stake

The initial public offering of Ferrari on the stock market is likely coming in the second or third quarter of this year, but apparently the exact stake of the Prancing Horse set to hit the exchange isn't final. When FCA first announced the plan to spin off Ferrari, the idea was for 10 percent of the stock to go on the open market in the US and maybe also in Europe. Another 10 percent would go to company vice chairman and Enzo's son Piero Ferrari, and the remaining 80 percent would be divided among current shareholders, including a large portion for the Agnelli family. FCA CEO Sergio Marchionne hasn't finished tweaking those numbers, though. Last month, he indicated the automaker might put more than 10 percent of Ferrari on the market to boost liquidity. However, the original proposal has now returned to the table. "I don't believe we will go above 10 percent," Marchionne said, according to Automotive News, but also noted things weren't final. By increasing the Ferrari stock on the open market for the IPO, FCA decreases the amount going to current shareholders, according to Automotive News. With that being the case, don't expect too much of the Prancing Horse to be offered up to investors when the stock hits the market. Related Video:

Tax The Rich returns with reckless driving in a Ferrari 288 GTO

Tax The Rich, the YouTube channel that exists mainly to terrorize ultra-rare, ultra-expensive cars like the Jaguar XJ220, Ferrari Enzo and Rolls-Royce Phantom, has come out with its first video in two months, starring one of the rarest Ferraris of the past 40 years - the 288 GTO.
Now, by Tax The Rich standards, its treatment of the 288 is better than what the Enzo or the Rolls (especially) got in their videos. The most cringe-worthy parts are in the very beginning, before transitioning to actual roads (yes, we know the 288 was originally meant as a Group B rally car, but that makes zipping about on grass and dirt in a very rare Ferrari no less difficult to watch). After that, it's more of the stuff we wish collectors would do with their cars - drive. Seeing and hearing this 288 GTO at full clip is a thing of beauty, and something we wish were a far more regular occurrence.
Take a look below for the latest video from Tax The Rich.

Would you pay $2 million for a Ferrari F50? [w/video]

The F50 may not have been the finest of Ferrari's flagship supercars, but it remains a collector's commodity just the same – and its value keeps rising. F50s are already trading hands at upwards of $1 million apiece – and this year, at least one is expected to fetch upwards of $2.5 million. Ferrari launched the F50 in 1995 as the successor to the legendary F40 that came before. It eschewed the twin-turbo V8 that powered the 288 GTO and F40 for a naturally aspirated V12, setting the stage for the Enzo and LaFerrari that followed in the series. That high-revving 4.7-liter engine, according to Ferrari, was derived from the unit used in the actual F1 car from 1989 (known as the F1-89, naturally). This engine served as a stressed member of the chassis, mounted behind a carbon-fiber tub. With its removable hardtop, the F50 remains the only model in Maranello's flagship series (excluding the Enzo-based Maserati MC12) that offered an open cockpit. It was all very F1-like, but was barely any faster (if at all) than its iconic predecessor. Only 349 F50s were made, each carrying a half-million-dollar price tag. That would be a good $750k in today's money. Still, it is part of a highly collectible series. Only 349 were made, each carrying a half-million-dollar price tag that seemed astronomic at the time in the mid-'90s. That'd be about $750k in today's money, but it's still a far cry from what they're trading at these days. Last year alone, RM Sotheby's sold two F50s at auction: one in May at Villa d'Este for just under $1.4 million, and another at Pebble Beach (as part of the Pinnacle Portfolio) for nearly $2m. This compared to just a few years ago when they were selling for six figures, not seven, prior to 2013. At this early point in the year, two major auction houses have already announced consignments of F50s. RM has one (pictured above) on the docket that's estimated to sell for a good $1.5m. It's sure to be one of the top sellers in a couple of weeks at its sale in Paris during the Salon Retromobile (where Artcurial has another Ferrari for sale at over $30m). Gooding & Company has one lined up as part of the Tony Shooshani Collection. That example (depicted in the video below) was displayed at the 1995 Tokyo Motor Show and was owned by Jacques Swaters (of Ecurie Francorchamps fame). It has only 1,100 miles on the odometer and is expected to fetch between $2.5m and $2.9m, which would set a new record for the model.