1992 Ferrari Mondial T Exceptional Condition on 2040-cars
Cumming, Georgia, United States
Up for Auction is an Exceptional Mondial T. I'm selling this car for my cousin. I found this car for him 12 years ago. We purchased it from California from the second owner with 16,650 miles. The first owner was Wayne Gretzky's wife Janet (sold to second owner with just over 5,000 miles). All ownership history is documented. Today the car has 24,678 miles on it. My cousin put about 8,000 miles on it in the past 12 years. All Service history is documented. The 15K service has been performed by Ogner Motorcars. The 30k service has not. I took as detailed pictures as I could to show the outstanding condition of the Mondial. The car starts, runs, and drives with no issues. The tool kit is complete with no items missing. It comes with a factory tonneau cover, and an indoor car cover(non factory). The top is black and in excellent condition. No paintwork or previous damage. It's become very difficult to find these cars in this kind of cosmetic condition. This is a real gem. The belt service is due, due to time not mileage and has not been performed. Also, I cannot find the Warranty book, but there is a copy of the first page. It is priced to reflect this. The a/c is in need of charge (very typical in 90's era Ferrari's). I've started the bidding at 36,000 with no reserve. This is a steal for a car of this quality.
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Race Recap: 2014 Malaysian F1 Grand Prix [spoilers]
Sun, 30 Mar 2014The Malaysian Grand Prix is always one of the jokers on the Formula One calendar: you know it's going to rain during the weekend, but you don't know when. This year it began during qualifying, the dammed up clouds over the Sepang track dumping their reservoirs just before Q1 and causing a 50-minute delay.
The conditions helped Infiniti Red Bull Racing close the gap on Mercedes AMG Petronas and split the Silver Arrows cars, Sebastian Vettel lining up in second on the grid behind pole-sitter Lewis Hamilton, ahead of Nico Rosberg. Fernando Alonso recovered from a suspension-damaging incident with Toro Rosso driver Daniil Kyvat to take fourth, followed by the second Red Bull of Daniel Ricciardo in fifth, then the off-form Kimi Räikkönen in sixth in the second Ferrari, Nico Hülkenberg in the Force India, star rookie Kevin Magnussen in the first McLaren ahead of Jean-Eric Vergne in the Toro Rosso, and Jenson Button in the second McLaren finishing up the top ten.
After that, though, the clouds decided they were done with F1. Save a few drop at the final corners during the race, the track stayed completely dry. And except for the beginning and the end, for the most part, so was the race.
Ferrari boss Montezemolo expects big changes from FIA
Mon, 02 Dec 2013You'd think that with former Ferrari principal Jean Todt running the FIA, the relationship between the motorsport governing body and the team he once called home would be a solid one. But his former boss expects more from the organization that overseas Formula One.
In a recent interview (excerpts from which you can read below), Ferrari chairman Luca di Montezemolo pointed to some perceived inconsistencies in rulings made by FIA officials this season and called for "strong changes." Among those controversies was a drive-through penalty handed to Felipe Massa at the season-closing Brazilian Grand Prix last weekend, his last for the Scuderia. Massa was reprimanded for cutting across the white line that marks the exit from the pit lane, the penalty for which dropped him from fourth place in the race to seventh, and cost Ferrari its second place in the final standings for the constructors' championship - and with it a good $10 million in prize money. Montezemolo characterized the penalty as "disproportionate and unjust".
The Ferrari chief also pointed to penalties handed to Mercedes as either too harsh or not harsh enough, calling for greater consistency in FIA rulings and implying that more permanent race stewards be appointed instead of alternating race to race.
1962 Ferrari 250 GTO for sale in Germany at $64 million
Tue, 29 Jul 2014Prices keep climbing for the Ferrari 250 GTO with virtually no end in sight. In 1969 one sold for just $2,500, but by the 1980s they were trading for hundreds of thousands, then millions, then tens of millions to the point that the last last year, one was reported to have changed hands at $52 million. But now there's a GTO for sale in Germany that could eclipse even that gargantuan price tag.
Ferrari made 39 examples of the 250 GTO between 1962 and 1962, and the item listing on mobile.de doesn't give much in the way of specifics as to which exactly we're looking at. But last we checked, there were only two GTOs in Germany, and the other one was silver. That leaves chassis number 3809GT, which was delivered new in '62 to Switzerland and participated in numerous endurance races and hillclimb events throughout the early 60s. 3809GT has been owned until now by one Hartmut Ibing, who bought it in 1976 when values were in the tens of thousands, not tens of millions. Given how his asset has appreciated so dramatically, and with less than 10,000 miles on the odometers over 52 years, we could understand how Ibing would want to cash out.
Of course we could be mistaken and we could be looking at an entirely different example - the vast majority were, after all, painted red and fitted with blue upholstery just like this one - but either way, we're looking at a price tag of 47.6 million euros. That's nearly $64 million at today's rates, inclusive of Germany's 19 percent VAT rate that adds a staggering $10 million in taxes to the pre-tax price of 40 million euros, which comes in under $54 million but would still be the most ever paid for a GTO (or really, just about any car ever made).