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$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.
RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.
Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.

Haas F1 names Esteban Gutierrez second driver

The 2016 Formula 1 grid is nearly complete with the announcement that Esteban Gutierrez will join the Haas F1 Team. To make the most of the signing the Mexican's appointment was announced during the Mexican Grand Prix weekend, and if the crowds at the grand prix are anything to go by then Haas can count on an instant and large fan base as of right now. The 24-year-old Gutierrez will drive alongside Romain Grosjean, who was announced at the end of September at Haas' US base in Kannapolis, North Carolina. Gutierrez spent a little more than two years as a test and reserve driver for Sauber, plus another two years as a Sauber race driver in 2013 and 2014 before being let go at the end of last year and signing on as a Ferrari test and reserve driver. Haas' relationship to Ferrari and Gutierrez' local fans made him - politically, at least - a viable candidate. Manor is expected to be the only team that might have vacancies, but with recent upheavals there it's yet to be seen if they'll make the grid next season. The press release below has more information on the Haas F1 Team signing. Related Video: Haas F1 Team Names Gutierrez to 2016 Race Seat MEXICO CITY (Oct. 30, 2015) – In a press event inside the main lobby of the Soumaya Museum, Haas F1 Team founder and chairman Gene Haas named Mexican driver Esteban Gutierrez to a race seat with his team when it makes its 2016 debut in the FIA Formula One World Championship. Gutierrez will race alongside driver Romain Grosjean, who was previously announced by Haas on Sept. 29 in a press conference at the team's U.S. headquarters in Kannapolis, North Carolina. Haas F1 Team is the first America-led Formula One team in 30 years. The 24-year-old Gutierrez is currently the third driver at Scuderia Ferrari, the technical partner of Haas F1 Team. Gutierrez joined Scuderia Ferrari in 2015 after spending the 2013-2014 seasons with the Ferrari-powered Sauber F1 Team. "I got to know Esteban through our relationship with Ferrari, and after looking at the success he's had to earn his role there, it became clear he was an excellent choice for our race team," Haas said. "He's young and hungry, but not inexperienced. His two years running a full F1 schedule has given him some very good race experience, and having spent this season at Ferrari as their third driver allowed him to see firsthand the methodology that makes Ferrari such a power in Formula One. "We're very happy to have Esteban as a part of our race team.

Ferrari Monza SP1 and SP2 are its most powerful road cars of all time

Ferrari just pulled the wraps off the limited-edition Monza SP1 and SP2, and successfully reminded the world that it still knows how to make a jaw-dropping car. We saw the supercars and learned a few details about them earlier today when someone posted pictures on Instagram from a private Ferrari event. Now we have all the details and official photos from Ferrari. Providing the thrust is the most powerful engine Ferrari has ever built for a road car. It took the 6.5-liter V12 from the 812 Superfast and eked out a few more ponies to get it to 809 horsepower and 530 pound-feet of torque. Ferrari says that's good for a 0-62 run in 2.9 seconds - oh yeah, there's no windshield either. The SP1 is a one-seater and the SP2 is logically a two-seater. They were designed to take us back down Ferrari's memory lane, namely those of the 1940s and 1950s era where the name "barchetta" grew from. In decidedly not-old news, though, both are made of carbon fiber and go over 186 mph. They're light, but not crazily so with the SP1 coming in at 3,307 pounds. The pair are also part of a new segment Ferrari is calling 'Icona,' which, as you may have guessed, translates to Icon. Ferrari thinks it solved the windshield delete issue too. Apparently the fairing ahead of the steering wheel and instrument panel is designed to disrupt part of the airflow when traveling at speed. We'd imagine a helmet might still be the smart option though. Ferrari only plans to build 500 of these cars and hasn't publicly announced a price, but it's safe to assume that they won't be cheap and your chances of snapping one up are slim to none. Featured Video: