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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

European Auto Group in Texas building a six-speed manual Ferrari 458

In February, European Auto Group in San Antonio, Texas, went public with our kind of wonder car: A Ferrari F430 Scuderia with a gated six-speed manual transmission. The standard F430 did offer a six-speed manual from the factory; the hardcore Scuderia version did not. It took a lot of work, and EAG apparently did the work right; Matt Farah called the coupe "The world's greatest Ferrari." CarBuzz spoke to EAG owner Art Bartosik about what's next, and Bartosik spilled just a bit of goss about the car he'll soon reveal: a Ferrari 458 with a gated six-speed manual. Whereas the 430 Scuderia didn't offer a stickshift, the 458 Italia wasn't even designed with one in mind. The 4.5-liter V8 with 562 horsepower and 398 pound-feet of torque only ever swapped gears with the Italian carmaker's dual-clutch F1 transmission. The 458 has a manageable 52 hp and 51 lb-ft more than the F430 Scuderia, but EAG needed to work up a gearbox to fit the available space. Bartosik didn't divulge how he made that happen for the 458. The reworked F430 Scuderia used all OEM Ferrari parts since they were available; not so for the later car. The DuPont Registry said EAG built "a transmission with upgraded synchros" to handle the additional power, had to find a suitable clutch and suggests the firm went through a lot of prototypes, but doesn't ID the gearbox source. All Bartosik would tell CB is that there's a limited supply and he'll "only be able to build around 10 or 11 of them." Seems there are already more customers than that ready to wire funds for purchase, unsurprisingly. Bartosik said, "People are screaming for a manual 458 and 488. If the demand wasn't there, we wouldn't do it." A final development car is a few months away, with customer builds scheduled to begin in January 2020. And what might EAG do after the run is complete? Maybe a six-speed manual Lamborghini Huracan, which owners have already asked about. "The Huracan should be easier than Ferrari," Bartosik said, "because there's hidden stuff in there that gives us more flexibility." Seems manual gearboxes, like life in "Jurassic Park," will always find a way.

Ferrari 458 with $1M wheels still hasn't found a buyer [w/video]

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.
The wheel company's "flagship show car," a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.
Latitude justifies the car's price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces - none of the fun, performance stuff Novitec is known for - and you come to an eBay starting price of $1,290,000.