2022 Ferrari Sf90 Spider . on 2040-cars

Auto blog

$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.

Touring's rebodied Ferrari F12 Berlinetta Lusso leaks ahead of Geneva debut

The F12 Berlinetta is, in this writer's estimation, one of the best-looking Ferraris and among the most striking automobiles on the road. But its aggressive lines, even the most die-hard fan would have to admit, may not be to everyone's taste. Like that of the customer who likely commissioned Carrozzeria Touring Superleggera to rebody this particular example. Called the Berlinetta Lusso, this coachbuilt F12 recalls a time when the 250 GT – ostensibly the F12's progenitor – was offered in performance-focused SWB guise and as the more elegant Lusso model. It bears certain obvious links to the stock version – particularly the headlights and front air vents – but takes a decidedly more graceful approach that starts to remind us more of a two-seat version of the 612 Scaglietti, especially in that shade of blue and with those wheels. As these images just surfaced, we'll have to hold on for its official debut at the Geneva Motor Show this week to delve into the full details. But chances are that Touring didn't find it necessary to tinker much with the F12's 6.3-liter V12 and its 730 horsepower, much as it has apparently left the interior largely in tact.

Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video: