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Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Ferraris continue to rake in money during classic car auctions, and the sale of RM Sotheby's Pinnacle Portfolio collection during Monterey Car Week is only further proof of that. The Prancing Horse grabbed four of the top five spots among the 25 vehicles crossing the block. The leader among them was a 1964 Ferrari 250 LM with an extensive racing history that went for $17.6 million, according to the company's unofficial numbers sent to Autoblog. The only vehicle to keep Ferrari from locking out the top five was a 1998 McLaren F1 LM-Specification that went for $13.75 million. It's claim to fame included being the second-to-last road version of these famous supercars built. Plus, the coupe is only one of two with the LM spec package, which included the 680-horsepower racing version of the V12. Showing more modern Ferraris are also appreciating, a 2005 Enzo went for $6.05 million, taking third place. This example was the last one ever made and was originally gifted by the company to Pope John Paul II. However, he had the car sold for charity. Similarly special, fourth went to a 1994 F40 LM racecar for $3.3 million. Finally, a 1967 275 GTB/4 rounded out the top five also at $3.3 million. Amazingly, the vehicles in the Pinnacle Portfolio came from just one person who the company only identified as a "private US-based gentleman collector." Check out the gallery to see all 25 rolling across the block, including a Toyota 2000GT, Porsche 959, and Jaguar XJ220.

Formula 1 seeking independent engine supplier

Formula 1 could get a new engine supplier in the near future, if Bernie Ecclestone and the independent teams gets their way. According to Autosport, the FIA is soon to open the contract up for bids, and there are already several manufacturers that have expressed interest. Currently Mercedes, Ferrari, Renault, and Honda supply engines – both to their own premier teams (Red Bull and McLaren for the latter two) but also to other teams like Williams, Sauber, and Toro Rosso. Because the new turbocharged V6 hybrid power units cost those four suppliers so much to develop, they're charging their customer teams big bucks – around $20-30 million per season – to provide the engines. These costs are much higher than the $10 million or so it used to cost to purchase a V8 engine under the previous regulations. Ecclestone figures it's time to bring in another supplier who will not run their own team and not play favorites, but will supply engines to private teams at a lower cost. There are already a number of potential suppliers under consideration. One of them is said to be Cosworth, which has a long history in the series stretching back to 1963. The British firm stepped back between 2007 and 2009, returned in 2010, and dropped out again after 2013. The development could be of particular benefit to Red Bull, which has been unable to find an engine supplier and could be forced out of the series as a result. The team has long been powered by Renault, but that relationship has grown sour. And the other three engine manufacturers have not been forthcoming in offering an alternative arrangement for the team. Related Video: News Source: AutosportImage Credit: Cosworth Motorsports Ferrari Honda Infiniti McLaren Mercedes-Benz Renault F1 engine contract

Crashed McLaren F1 is the saddest way to see its beautiful underbody

Friends, this is why we can't have nice things. A McLaren F1 was flipped down an embankment in Italy yesterday, and this video of the crash's aftermath is about as sad as when Old Yeller was shot. According to Italy's La Nazione, this one-off, red-on-white F1 was crashed during a four-F1 tour between the towns of Saline di Volterra and Pomarance in the province of Pisa. It's unclear what caused the driver to lose control and invert our British hero on a grassy hill, although as this is a McLaren F1, we wouldn't be remotely surprised if speed ended up being a factor. YouTuber Marchettino, an Autoblog reader and well-known source of videos from Ferrari's Fiorano test track, was on the scene to capture the video available below. The footage shows the McLaren accelerating away, only to cut away to the aftermath of the wreck. Emergency personnel were tasked with righting the stricken hypercar, a process that was accompanied by the cringe-worthy cracking of its Peter Stevens-designed bodywork. At least they had the decency to cover the crumpled Brit with its fitted black cover as they loaded it onto a flatbed, a fitting yet somehow disturbing visual. According to reports, the driver and passenger were airlifted from the scene with non-lethal injuries, and both are recovering in a hospital. Given the rising worth and rarity of F1s, despite the extensive damage in evidence, we reckon that this won't be the last the world sees of this special car. Take a look below to view the video. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: La Nazione, Marchettino via YouTube, Jalopnik McLaren Coupe Performance Classics Videos