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1962 Ferrari 250 GTO auctioned for a record $48 million

As anticipated, the 1962 Ferrari 250 GTO chassis number 3413 made some serious money at the RM Sotheby's auction at Pebble Beach. As the hammer came down at $48.2 million, the Ferrari became the most valuable car ever sold at auction; it made the Goldeneye Aston Martin DB5 look like a used DB7 in comparison. Last night, racing legend Derek Bell drove the Ferrari onstage, and bidding was opened at a breathtaking $35 million. Three bidders were involved in the sale, and the complete sum including fees came to $48,405,000. The auction house knew it was going to be expensive, having estimated the car at more than $45 million in June. It handsomely topped an earlier Ferrari 250 GTO record of $38 million. The Ferrari, the third one out of a 36-car production run and complete with significant racing history, has a numbers-matching powertrain and a Scaglietti-built Series II body. It has been with its previous owner since 2000, and the last time it was sold it commanded $7 million. The $40-million bump in value is simply incredible, Ferrari 250 GTO or not. And all this time the car hasn't just sat, appreciating; it has been seen in numerous classic events, in actual use. Related Video: Featured Gallery 1962 Ferrari 250 GTO at RM Sotheby's Monterey Auction View 10 Photos Image Credit: RM Sotheby's Ferrari Auctions Performance Pebble Beach ferrari 250 gto 1962 ferrari 250 gto ferrari auction

Lego Ferrari F40 built a brick at a time on time-lapse video

The Ferrari F40 stands as an icon of its era and might be the greatest supercar of all time. The wedge-like shape and squared-off headlights scream high-performance of the late '80s, and the 2.9-liter twin-turbo V8 makes a magical sound behind the driver's ear. As much as we'd all love to park one in our garages, owning one of these Italian masterpieces is out of the budget for most of us because prices push $1 million or even more for an LM. Even if you can't afford the real thing, Hagerty presents a much less expensive option in a video that puts a version together using Lego pieces, one brick at a time. Starting from only two bricks, the Ferrari slowly comes together, and it's fascinating to watch the supercar take shape. First, the plastic version of the famous engine emerges, and then the red body gradually appears. The video lets you see hours of work at the kitchen table happen over just one minute. According to Lego's website, its F40 kit sells for $99.99 and includes 1,158 pieces. The finished product doesn't make the real thing's bombastic sound but is at least a more affordable gift for the holidays. Related Video:

Faraday Future Hires Ferrari Exec. | Autoblog Minute

Ex Ferrari man Marco Mattiacci will join Faraday Future as a key high-ranking executive. Ferrari Autoblog Minute Videos Original Video faraday future marco mattiacci