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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.

New Zealander builds 1962 Ferrari GTO replica in chicken shed

The Ferrari 250 GTO is one of the most gorgeous vehicles ever made, but with just 39 produced, they're also some of the most expensive cars in the world, often setting records when they occasionally come up for auction. The eye-watering price presents an insanely steep barrier of entry to ownership, which has led at least one buyer to pursue a different option: simply creating his own. While the beautiful example in the video above isn't an authentic, original Ferrari, the story behind this replica goes far beyond some cheap knockoff slapped together haphazardly. Surrounded by crowing roosters and waddling ducks, Rod Temporo doesn't immediately strike you as a guy who would be building exacting replica racers in his shed. However, first impressions aren't always accurate, and Temporo is a maestro when it comes to metalwork. He has been doing this for decades and has recreated all sorts of vintage vehicles, including a beautiful Jaguar XJ13. Temporo and his team are true artisans. They make their own wood bucks for the body and then bang out the metal body with hammers and an English wheel. According to the video, it took them about four years to complete this 1962 GTO replica starting from scratch. The end result is a piece of automotive art.

1955 Belgian GP movie tells the story of Spa

With the Belgian Formula One Grand Prix happening this weekend, Shell reminded a few guests what the Spa-Francorchamps track and Belgian countryside were like in 1955. That year the petroleum company made a 30-minute movie about the grand prix - this is back when the track was called the Francorchamps National Circuit, near the town of Spa, and a list of its important corners didn't include a mention of Eau Rouge - where it was doing the same thing it still does today: working on fuels and lubricants via its technical partnership with Ferrari.
To create the mood, journalists were invited to a vintage cinema where they mingled with Ferrari F1 drivers Fernando Alonso and Felipe Massa and other extras in period fifties gear, and watched a screening of 1955 Belgian Grand Prix. You can scroll down for a screening of your own, as well as the press release, minus the petits-fours and pinups.