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1959 Ferrari 250 GT California sells for nearly $18M, exceeding expectations

RM Sotheby's just wrapped up its auction in New York, where it sold off a pair of gorgeous silver roadsters, with one of them selling for the incredible price of $17.99 million. That car was a 1959 Ferrari 250 GT LWB California that we covered previously, and Sotheby's was only expecting it to go for between $14 million and $17 million. Apparently someone felt the car's rare aluminum construction and racing history was worth the extra cash. View 11 Photos The other roadster went for considerably less money but was notable because of its previous owner, late Apple CEO Steve Jobs. The car is a 2000 BMW Z8 that the tech mogul had for around three years. The final sale price only met expectations, though, at $329,500. The original auction estimate was between $300,000 and $400,000. Related Video: Featured Gallery 1959 Ferrari 250 GT LWB California Spider Competizione by Scaglietti View 30 Photos Image Credit: Diana Varga courtesy of RM Sotheby's, RM Sotheby's Celebrities BMW Ferrari Auctions Convertible Racing Vehicles Performance Classics bmw z8 ferrari 250 gt california

F1's Raikkonen to race for Sauber as Leclerc brings youth to Ferrari

Kimi Raikkonen will not be going out of Formula One at the top, or even with a top team. The announcement on Tuesday that the 2007 world champion is leaving Ferrari, the sport's oldest, most glamorous and successful team, at the end of the season was only to be expected. Less so was the subsequent revelation that the 38-year-old "Iceman" had agreed a two-year deal to continue with Ferrari-powered Sauber in a swap with that team's Monegasque rookie Charles Leclerc. That will close a circle at least, the Swiss team being the ones who gave Raikkonen his debut in 2001 despite the powers-that-be fearing he was too inexperienced. And it will keep the Finn racing on into his 40s. It will also please Formula One's owners, already facing the retirement of double world champion Fernando Alonso, by keeping one of the best known and most popular drivers on the starting grid. But the days when Raikkonen could hope for poles and wins, already scarce even at Ferrari where Sebastian Vettel is the main contender and team orders have been applied, are surely over now. Sauber was last in 2017 and is ninth of 10 teams now, even if the signs are more encouraging than they were, and there is a likelihood that Raikkonen will now be simply making up the numbers. The Finn will still relish racing with less media attention and more freedom, while for Ferrari there are also clear benefits. For the first time in four years, they now have a new benchmark for four-time champion Vettel and a (very) young driver who represents the future rather than the past. Vettel has outperformed Raikkonen consistently since the pairing started in 2015 with the German's move from Red Bull, and the Finn is already 62 points adrift this season with seven races remaining. Raikkonen has been more competitive this year, taking nine podium finishes and pole at Ferrari's home Italian Grand Prix with Formula One's fastest ever lap, but there are those who question whether Vettel is being pushed hard enough. Some even wonder just how quick the German really is. Ferrari will hope that 20-year-old Leclerc, unless told to adopt a subservient role, can apply a bit more pressure and help answer those questions. The gamble is that the youngster's relative inexperience could impact, in the short-term at least, Ferrari's constructors' championship hopes as he finds his way under considerable scrutiny.

Ferrari presents its 2016 F1 car, the SF16-H

Ferrari has presented the Formula 1 car with which it hopes to take the fight to Mercedes during the 2016 season. The SF16-H, as the new single-seater will be called, sports a different livery, as speculated in the past weeks, with white paint appearing on the engine cover, the front wing and in front of the cockpit. Ferrari is believed to have made significant changes to the engine that will power the car this year in the hope of catching Mercedes after a promising 2015 season. The Maranello squad finished second behind the German squad in the standings, bouncing back from a disastrous 2014. Sebastian Vettel won three races for the team on his way to third in the standings. The German will be partnered by Kimi Raikkonen once more. The car is expected to take to the track on Sunday for a filming day at Barcelona before testing kicks off on Monday at the Spanish circuit. This article by Pablo Elizalde originally appeared on Motorsport.com, the world's leader in auto racing news, photos and video. Motorsports Ferrari Racing Vehicles F1 scuderia ferrari