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Classic Ferraris fight currency rates for bragging rights

Which is the most expensive car ever sold at auction? That should be a fairly straightforward question to answer, only it isn't. Due to currency fluctuations, we're actually dealing with two contenders, both of which have legitimate claims to the crown. The contenders are both classic Ferraris, each of them worth in excess of $30 million. In one corner is the 250 GTO sold at Pebble Beach in 2014 for $38 million. In the other is the 335 S sold in Paris just the other day for ˆ32 million. Resolving the bragging rights should come down to a simple matter of currency conversion, but the problem is that the rates don't stay constant. So the $38 million for which Bonhams sold the 250 GTO worked out to ˆ28 million at the exchange rates of the day. At that rate, the GTO was worth a good four million euros less than what the 335 S sold for, even though today's rates value the 335 S at "only" $35 million, or a good few million dollars short of the GTO. The answer, then, may be subject to which market you're in. But if you're looking for the tie-breaker, consider the British Pound: in Sterling, the 335 S sold for the equivalent of GBP24.7 million, which is more than the GBP22.8 million that the GTO's $38 million worked out to at the time – but less than the GBP26.5 million it would be worth today. And so we're back to where we started. But we're sure the confusion won't last (or be relevant) for too long, as there's bound to be another highly sought-after classic automobile on the auction block before too long. And it'll probably be another Ferrari. WORLD RECORD PRICE FOR A MOTOR CAR SOLD AT AUCTION* 32.1 Mˆ / 24.7 MGBP / 35.7 M$ INCLUDING PREMIUM LOT 170 • 1957 FERRARI 335 SPORT SCAGLIETTI DE 1957 • CHASSIS N°0674 FROM THE PIERRE BARDINON COLLECTION Lot 170. 1957 Ferrari 335 Sport Scaglietti • Chassis n°0674 • From the Pierre Bardinon Collection WORLD RECORD FOR A COLLECTORS' CAR AT AUCTION* Sold : 32,1 Mˆ / 24,7 MGBP / 35,7 M$ including premium (estimate : 28 – 32 Mˆ / 21,5 – 24,6 MGBP / 30 – 34 M$ ) *World record price for a car sold at auction, in euros and sterling. Previous record : 28,5 Mˆ / 38 M$, in 2014, in the US Paris – Friday 5 February 2016, shortly after 18h50, at the Retromobile Salon, Artcurial Motorcars, the collectors' car department at Artcurial achieved the world record for a car sold at auction, under the gavel of Maitre Herve Poulain.

Driver limps away from massive Ferrari crash

The safety of modern racecars is absolutely astounding, and few videos show that better than this crash from a race in France's GT Tour at Nogaro. Driver Sacha Bottemanne in a Ferrari 458 GT3 bumps a fellow racer in another Ferrari. The slight hit is still enough to throw Bottemanne off balance, and his Prancing Horse slams hard into the wall. The high-speed crash causes pieces to explode off the car, but you can immediately see the driver moving inside once the Ferrari stops spinning. Bottemanne climbs out the space formerly occupied by the windshield, and a corner worker helps him limp to the side of the track. A translated tweet from GT Tour says the driver went to the hospital afterward, but he only suffered some bruises. After a shocking crash straight into the wall at such high speed, it says a lot for GT3 safety that his injuries were so minor. Related Video:

Autoblog Minute: New Civic, FCA UAW Agreement, Frankfurt

FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. Autoblog senior editor Greg Migliore reports on the Weekly Recap edition of Autoblog Minute. Show full video transcript text [00:00:00] FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. FCA reached a tentative labor agreement with UAW leadership. The major focus of the new deal reportedly includes: the eventual elimination of the two-tier pay scale [00:00:30] and pooling worker health care. Now that a leadership agreement is in place, the deal will be sent to FCA's rank-and-file. FCA has about 36,000 hourly employees. We got a first look at the interior and exterior of the 10th-generation Civic. Honda expects the new sedan to dominate the C-segment when it hits dealerships later this fall. Civic coupe, five-door hatchback, Si and Type R will all come later. The 2015 Frankfurt Motor Show is in the books and there was a lot of news to get excited about. [00:01:00] Porsche introduced a fully electric concept car in the Mission E. If they make this car, Porsche could give Tesla nightmares. We also saw SUVs from Jaguar and Bentley. There were two beautiful Italian convertibles from Ferrari and Lamborghini. Meanwhile, Mercedes introduced a concept of their own in the IAA - a vehicle that experiments with adaptable aerodynamics. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. Plus we'll have some added insight on General Motors' deal to [00:01:30] avoid federal prosecution. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. UAW/Unions Frankfurt Motor Show Bentley Chrysler Ferrari Honda Jaguar Lamborghini Mercedes-Benz Porsche Rolls-Royce Tesla Convertible SUV Concept Cars Electric Supercars Autoblog Minute Videos Original Video porsche mission e concept