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$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.
RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.
Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.

Ferrari launches 2014 Formula One engine, tests it in a LaFerrari? [w/videos]

Ferrari is the last of the three engine manufacturers remaining in Formula One to reveal its 2014 power unit. Called the 059/3, like the Mercedes and Renault units it is a turbocharged, 1.6-liter V6 further boosted by an energy recovery system that is twice as powerful as before. The 2013 KERS was good for 80 horsepower, could power the car for six seconds and reduce a lap time by about 0.3 seconds. For 2014, the energy recovery system puts out 160 hp, powers the car for 30 seconds on full batteries and, according to Ferrari, can shave a massive three seconds per lap.
The car that surrounds this engine doesn't have a name yet - that will be chosen by Ferrari's social media followers in January from a selection of names provided by the Scuderia.
Ferrari didn't provide an audio sample of the power unit at its introduction, but a brief video taken at Fiorano has led folks to believe that the team has been testing the engine in a revised LaFerrari chassis. The clip shows a camouflaged version of the marque's new supercar fitted with a roof intake and sounding nothing at all like a V12 as it takes the hairpin and powers onto the straight.

Ferrari planning 458 Speciale Spider?

The Ferrari 458 comes from a long line of mid-engined V8 supercars to roll out of Maranello, from the 348 and F355 to the 360 and F430. Each has also bred a Spider version, and starting with the 360 Challenge Stradale (through the 430 Scuderia and 458 Speciale), a hardcore performance version. But combining the best attributes of Spider and performance model is relatively new territory for Ferrari, one which it attempted only with the limited-production Scuderia Spider 16M. And if the latest rumors are to be believed, it's about to go at it again.
Though we can't verify its sources, 4WheelsNews says it has double confirmation from within Ferrari that a 458 Speciale Spider is in the works. When reached for confirmation, Ferrari refused to comment, as it typically does on the prospect of new models yet to be announced. Given the precedent of the Scuderia Spider 16M, it would seem to make sense, but for the time being we'll have to chalk this one up as a rumor.
If it were built, the Ferrari 458 Scuderia Spider (or whatever it would ultimately be called) would take the best of the 458 Spider and 458 Speciale to pack the 600-horsepower version of Maranello's sweet-revving 4.5-liter V8 underneath a folding hardtop. The latter is something the 16M did not offer, but crucially, the new McLaren 650S Spider does. We'd also expect only a limited number to be produced at a suitable premium over the Spider's $257k MSRP and the Speciale's $288k sticker.