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Ferrari to debut new twin-turbo California in the spring

Ferrari hadn't made a turbocharged engine since the F40 ended its production cycle in 1992. But that all changed when it helped Maserati develop its new 3.8-liter twin-turbo V8. That turbo engine has so far been shoehorned into the Quattroporte, along with its 3.0-liter V6 cousin that also powers the smaller Ghibli. But soon it'll wear the Prancing Horse badge as further details emerge on the next-generation California.
Set to arrive in time for the spring (likely to be unveiled at the Geneva Motor Show in March), the new California will reportedly ditch its naturally-aspirated V8 in favor of a reworked version of the Quattroporte's twin-turbo unit, which at 523 horsepower and 479 pound-feet of torque is already considerably more muscular than the current California's 483 hp and 372 lb-ft.
The new California will likely be closely based on the outgoing model, but benefit from revised aluminum sheetmetal and an updated cabin with a new infotainment system - two areas in which the current model has scored low marks.

Gooding's Pebble Beach auction tops $128 million in sales

While the million-dollar cars are now packed up for Monterey Car Week, the auction results keeping rolling in. Gooding & Co. set a two-day company record by moving over $128 million in beautiful classics during the event. Of the 115 lots that sold, three brought over $10 million, and 26 more went for over a million. In a surprise to no one, a Ferrari led the way when a 1961 250 GT SWB California Spider sold for $16.83 million. That was a new single-lot record for the auction house. In a close second place, a 250 GT SWB Berlinetta Speciale previously owned by famed auto designer Nuccio Bertone went for $16.5 million. Rounding out the top three, a 1982 Porsche 956 that won Le Mans in 1983 cleared $10.12 million. Porsche also grabbed fourth place with a 1960 RS60 going for $5.4 million, and rounding out the top five was a 1957 Ferrari 410 Superamerica Series II Coupe for $5.1 million. Check out the gallery above for a look at many of the beautiful vehicles in the sale. While the press release below lists the top sellers, you can check out the prices and info for all of the lots on Gooding's website, here. Gooding & Company's Two-Day Pebble Beach Auctions Realizes More Than $128 Million 3 cars sell above $10 million, 26 cars above $1 million New auction records broken for Ferrari and Porsche Pebble Beach, Calif. (August 17, 2015) – Gooding & Company, the official auction house of Pebble Beach Concours d'Elegance®, realized more than $128 million at its Pebble Beach Auctions this weekend, resulting in a two-day sales company record. During the two-day sale, the auction house sold 115 of 129 lots, an 89% sale rate and their highest ever average price of $1,113,896 per car. During the auction weekend, an impressive 26 cars sold over the $1 million mark including three vehicles over $10 million. World records were broken as new market standards were set for Ferrari and Porsche, including a 1961 Ferrari 250 GT SWB California Spider (sold for $16,830,000), 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16,500,000), Le Mans-winning 1982 Porsche 956 (sold for $10,120,000), 1960 Porsche RS60 (sold for $5,400,000), 1957 Ferrari 410 Superamerica Series II Coupe (sold for $5,087,500), and a 1988 Porsche 959 Komfort (sold for $1,732,500). David Gooding, President of Gooding & Company: "New bench marks were set and our company hit a new record for highest two-day sale.

Incredible $12 million Ferrari collection up for auction

Ferraris come up for auction all the time, but in Scottsdale next month Gooding & Company will be auctioning off an entire collection of Maranello's finest projected to fetch around $12 million. The collection belongs to one Tony Shooshani, described as "a widely published and renowned Ferrari collector." He's the proprietor of a 599XX Evo, a LaFerrari, and one of only six Pininfarina Sergio roadsters made. They'll remain in his collection, along with his prized 288 GTO and his thoroughbred Arabian stallion named Enzo. But he's liquidating some other notables from his garage, giving other collectors a chance to bring them home instead. This includes a trio of supercars. There's an Enzo tipped to fetch between $2.4 and 2.8 million, an F50 ($2.5-2.9m), and an F40 ($1.3-1.6m). The more classically inclined may be more enticed by the 1960s-era 250 GT Lusso ($2.2-2.5m), 250 GT Series II Cabriolet ($2-2.3m), and Dino 206 GT ($700-800k), and there's a pair of 80s models as well in a 512 BBi ($400-475k) and 328 GTS ($125-150k). The Berlinetta Boxer was Ferrari's first mid-engined twelve-cylinder supercar, and the 512 BBi was the ultimate incarnation thereof. It was never officially sold in the United States, but some still made it over here. This particular example was once owned by racing legend AJ Foyt. Those pre-sale estimates place the value of the collection altogether at $10.3 million on the low side, and as high as $13.5 million. That's a whole lot of cash, but there's a whole lot of machinery here – in both quantity and quality. So if you've had a good six or seven figures burning a hole in your proverbial pocket and have been looking for the right place to invest it, this could be your chance. Related Video: Gooding & Company is Thrilled to Announce The Tony Shooshani Collection to be Auctioned at the Scottsdale Auctions Headlining the historic collection, a trio of rare Ferrari supercars from an astute collector – the 1990 Ferrari F40, the 1995 Ferrari F50 and the 2003 Ferrari Enzo SANTA MONICA, Calif. (November 30, 2015) – Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is pleased to announce an outstanding array of Ferraris at its annual two-day Scottsdale Auctions on January 29 and 30, 2016.