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Lewis Hamilton accepts Vettel's apology, has 'utmost respect'

SPIELBERG, Austria - Triple world champion Lewis Hamilton said he still had "the utmost respect" for Formula One title rival Sebastian Vettel after accepting a public apology from the Ferrari driver on Thursday. Speaking to reporters at a crowded Austrian Grand Prix news conference, the two men addressed a "road rage" controversy that has dominated the headlines since the June 25 race in Azerbaijan. "I still have the utmost respect for him as a driver and will continue to race him hard through the rest of the season," declared Hamilton, who said at the time that Vettel had "disgraced himself" by driving into him in Baku. He said Vettel called him on the Monday after the race and then texted an apology, which he accepted. The championship leader had driven into the back of Hamilton's Mercedes while both were following the safety car in first and second places, waiting for it to return to the pits. Vettel then pulled alongside, gesticulating angrily, before banging wheels. The German, a four times world champion, later accused Hamilton of "brake-testing" him by slowing suddenly. The car's telemetry subsequently showed that was not the case and Hamilton said the accusation was one he particularly wanted correcting. Vettel was handed a 10-second stop-and-go penalty, and finished fourth. He was then summoned to a hearing in Paris last Monday where the governing body declared the matter closed. Initially reluctant to dwell on the matter, saying he did not want to "pump this up more than it is already", the Ferrari driver on Thursday repeated the written apology. "It was the wrong move to drive alongside him and hit his tyres," he said. "I don't think there was any bad intention (by Hamilton). I don't think he actually brake-tested me. I was upset and over-reacted. I am not proud of the moment." Hamilton, 14 points behind Vettel after eight races, missed out on victory in Baku after a headrest worked loose and he had to pit. He finished fifth. Before Baku, the two world champions had made much of their mutual respect and the budding "bromance" seemed to be back on. "It's nice to hear that we are able to move forward," Vettel said. "I think the respect we have for each other on and off track helps us in this regard." Reporting by Alan Baldwin Related Video:

Ferrari 250 California fit for Ferris may sell for millions

Planning on playing hooky for a day of adventure in, say, Chicago? You're going to need the right set of wheels. Something like the Ferrari you see here ought to do the trick. Coming up for auction at Amelia Island, this 1961 Ferrari 250 GT SWB California Spider is one of just 56 made – only 37 of which have those highly sought-after covered headlights. The short-wheelbase model followed the previous long-wheelbase version and featured a number of upgrades, including timeless coachwork by Scaglietti, a more nimble chassis, and four-wheel disc brakes. This particular example – bearing the VIN 2871 GT in classic red over black – starred alongside Sophia Loren in the film Ieri, Oggi, Domani. It was sold new in 1961 to Italian industrial designer Giangranco Frattini, who owned it for 17 years before selling it to one Terzo Dalia in 1978, who in turn sold it to its current owner in 1985. This represents the first time it's being offered for public sale. Gooding & Company anticipates it will fetch a good $16 million (give or take) when it crosses the auction block on March 11. That would, according to the records at Sports Car Market, put it right in the range of what California Spiders have been selling for in recent years – the record currently standing at $18.6 million paid for the Baillon barnfind example in Paris a year ago. If you have the means, to paraphrase our childhood hero, we highly recommend picking one up. Related Video: Gooding & Company Unveils Iconic 1961 Ferrari 250 GT SWB California Spider To Highlight Amelia Island Auction The Quintessential Ferrari 250 GT with Limited Ownership from New and Cinematic History SANTA MONICA, Calif. (February 12, 2016) – Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is privileged to announce the addition of a 1961 Ferrari 250 GT SWB California Spider (estimate $15,000,000-$17,000,000) to be sold at the Amelia Island Auction on March 11, 2016. This highly coveted Ferrari is the 22nd SWB California Spider built and one of only 37 covered-headlight examples produced. Remarkably, it has been in the loving care of the current owner for over 30 years. "We are thrilled to present this California Spider to our clients," states David Gooding, President and Founder of Gooding & Company.

Ferrari 250 California record headlines $28.5M Baillon barnfind collection

Barn finds arise from time to time, bearing undiscovered treasures hidden away in some shed for decades before being unearthed and brought to the auction block. But few have ever compared to the Baillon Collection. And now its liquidation is complete, bringing in millions in sales on the back of frenzied bidding. Discovered just months ago, the Baillon Collection comprised some 100 vehicles said to have been rescued from the crusher by one Roger Baillon, a French transport magnate who intended to eventually put the cars on display in a museum. Unfortunately that never came to pass, but when the cars were found in sheds on his estate in rural France, the world took notice. In dire condition and in need of much TLC, 59 of the cars (those worth selling) were consigned to the auctioneers at Artcurial, which just handled their sale during the Retromobile classic car show this weekend in Paris. The highest price was fetched by a rare 1961 Ferrari 250 GT SWB California Spider with the highly desirable covered headlights found in the barn under a pile of old magazines. One of just 37 made, the drop-top Prancing Horse sold to an unnamed international collector for a record $18.5 million – far above initial estimates and, despite its condition, the most ever paid for a 250 GT of any kind. An American collector paid $2.2 million for the 1956 Maserati A6G bodied by Frua, also well above its pre-sale estimate range. A '49 Talbot-Lago T26 bodied by Saoutchik more than doubled even the top of its estimated value at $1.9 million, sold to a European collector. All told, the Baillon Collection brought in a staggering $28.5 million in sales, comprising over half the value of the lots, 89 percent of which Artcurial sold at the Retromobile auction.