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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

Two Ferrari LaFerraris are for sale in Dubai

You can rest assured that a disproportionate share LaFerrari production run headed to the United Arab Emirates. Of those, two examples of which are now listed for sale in Dubai alone on Dubicars.com. Both of them are red, which is no surprise. The first, pictured in the image gallery above, is a brand-new 2014 model for sale at the emirate's famed dealership Al Ain Class Motors. The 2014 model is listed with zero miles on the odometer, though we'd be surprised if it hadn't racked up at least a few delivery and test miles. All it will cost you is a small matter of 11,000 Emirati Dirham, which works out to a hair under $3 million at current exchange rates. GTR Motors hasn't listed how much it wants for this second example depicted in the video below. But you can bet that – even with 398 kilometers (or 247 miles) on the clock – this 2015 example will still command a significant premium over the $1.35 million the factory charged for these hybrid hypercars when they were new. If you can scrape together the cash for either, you'll be getting arguably the ultimate Ferrari road car to date, packing a 6.3-liter V12 hybrid powertrain good for 950 horsepower and a 2.5-second 0-60 time. The factory in Maranello only built 499 of them, so finding one – let alone two – up for grabs is a bit of a rarity. Of course if this particular Prancing Horse isn't your cup of tea, there's plenty of other enticing machinery on offer, including a McLaren P1, Koenigsegg CCX, three Porsche 918 Spyders, and a handful of Bugatti Veyrons. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2014 Ferrari LaFerrari for sale in Dubai View 14 Photos News Source: Al Ain Class Motors, GTR Motors via Dubicars.com Auto News Green Ferrari Coupe Hybrid Supercars dubai ferrari laferrari laferrari

Chris Harris reviews his personal, two-year-old Ferrari FF [w/video]

Here's the kind of take you don't get too often. In fact, it hardly ever happens. Fan favorite Chris Harris has wanted a Ferrari FF since he saw it for the first time, but he couldn't get his bank account to comply with his desires. So he waited a couple of years for the price to come down, and found a specimen he could talk himself - and Ferrari Finance - into: a 2012 in Tour de France Blue with tan leather and 6,000 miles for the 'What, me worry?" price of 160,000 pounds ($249K US). Harris said that after putting 45,000 pounds down, his monthly payment is 1,400 ($2,177 US) pounds per month. He also said, "Sometimes you just have to do stupid things because you want to do stupid things." Five months in, Harris has no regrets, and in the beginning of the review he gets to one of the primary points that makes us fall in love with cars that can never be exploited on public roads: They make you feel equal parts badass and beastly and baronial at every speed. Or as Harris puts it, it's a "frankly ridiculous motorcar." In the best way. Check out his always-compelling take in the video. Related Gallery 2013 Ferrari FF: Review View 35 Photos News Source: Chris Harris on Cars via YouTubeImage Credit: Copyright 2014 Drew Phillips / AOL Ferrari Hatchback Luxury Performance Videos chris harris ferrari ff