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Second day of RM's Monterey auction continues the million dollar madness

RM Auctions' two-day event during the Monterey car week is pretty much a matter of appetizer and main course. Friday night's appetizer saw a trio of multi-million-dollar Ferraris, along with a pre-war Mercedes-Benz and a Jaguar D-Type. You can read all about those beauties right here. But as we said in that post, the action would really happen on Saturday night. The prices listed below include RM's ten-percent commission fee, and, as you'll see, the auction house did pretty well for itself.
We've already told you about the $27.5 million winning bid for the 1967 Ferrari 275 GTB/4 NART Spyder, with all the profits headed to charity. While there were more seven-figure winners on night two, the overall prices weren't quit as high as we saw on Friday night. The Ferrari F50 (pictured above) shown during the car's Geneva debut back in the 1990s and with only 1,100 miles on the clock took $1,677,500 (on a $1.25 to $1.6 million estimate). Another winner was a 1935 Hispano-Suiza K6 Cabriolet, which brought in $2,255,000 on a $1.5 to $2 million estimate. A 1974 McLaren M16C Indianapolis, the race winner of the 1974 Indy 500, brought home $3.52 million, essentially doubling its expected price of $1.25 to $1.75 million.
The night wasn't a success for everybody, though. The 1928 Mercedes-Benz 680S Torpedo Roadster, which took Best In Show at the 2012 Pebble Beach Concours d'Elegance failed to reach its $10-million expectations, selling for $8.25 million. That's not peanuts by any stretch, but a car that only goes for about 80 percent of its expected price isn't something to be enthusiastic about. A 1960 Maserati Tipo 61 Birdcage, which was expected to go for $3 to $4 million only took in $2,090,000.

Ferrari unwraps radical new F12 TdF

The Ferrari F12 Berlinetta has never been in need of a performance boost, but Maranello has given it one just the same. Feast your eyes on the new F12 TdF. The latest Prancing Horse recalls the legendary Tour de France (for automobiles, not bicycles) that Ferrari dominated nine years running from 1956 through 1964 – and the elegant long-wheelbase 250 GT named in its honor. But the F12 TdF is much more about forward momentum than looking back. Power is up, weight is down, and everything's been tightened up, with new systems on board to keep it all together. For starters, the screaming 6.3-liter V12 from the existing F12 Berlinetta has been upgraded from 730 horsepower to 769. Torque has been increased from 509 pound-feet to 520. Although the engine will wail all the way up to 8,900 rpm, 80 percent of that torque is available as low as just 2,500 revs. Of course, Ferrari being Ferrari, it didn't just tinker with the engine and call it a day. It also returned the seven-speed dual-clutch transmissions to deliver upshifts 30 percent faster, downshifts 40 percent faster, and with ratios six percent shorter. The track is wider, the wheels larger, and the one-piece brakes are lifted out of the even more extreme LaFerrari. Ferrari has also fitted the TdF with a new Virtual Short Wheelbase system – Modenese for four-wheel steering – that sharpens turn-in, increases high-speed stability, and keeps the tail from spinning around to fast on the wider front tires. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As you can see, the bodywork has been substantially redone as well, to be both lighter and more aerodynamically efficient. As a result, the TdF produces 87 percent more downforce than the stock Berlinetta. And thanks to its more extensive use of carbon fiber – not to mention the stripped-out cabin – the whole thing weighs a good 240 pounds less. The result of all these enhancements, Ferrari says, is a 0-62 time of just 2.9 seconds. Keep the throttle pegged (as you would most certainly be tempted to do) and it'll reach 124 miles per hour after 7.9 seconds, topping out at over 211 mph. It's also been clocked around the company's private, on-site Fiorano test track in 1 minute and 21 seconds, which is a good two seconds faster than the Berlinetta or the 488 GTB – and barely more than a second adrift of LaFerrari, the fastest road car ever to lap the circuit.

McLaren, Red Bull and Ferrari call for unfreezing F1 engines

Formula One is a hugely expensive sport. Not only do you have enormous salaries and logistical expenses, as you would in any other sport, but each team also spends huge sums developing their own chassis from the ground up – and so too do the participating automakers in developing the engines. One of the ways the series organizers mitigate those costs is by freezing development. So once the new crop of V6 turbo hybrid powertrains were developed, that was it. But now three of the of the sport's leading teams are calling on the FIA to unfreeze engine development. Their reason? Unfair advantage. There's little question that Mercedes did the best job of developing its "power unit" to meet the new regulations that took effect at the beginning of this past season. That's how the Mercedes team won all but three of the grands prix this season and finished with at least one car on the podium at every single race. It's also a big part of how the teams that bought their engines from Mercedes this season managed to consistently outperform the other non-works-supported teams. That clear advantage is why Red Bull, Ferrari and now McLaren are calling for engine development to be unfrozen. Their argument is that, under the current locked-down status quo, their engine suppliers (Renault, Ferrari and Honda, respectively) cannot possibly catch up. So unless the FIA and Formula One Management want the next few seasons to be the kind of absolute blow-outs that this past season was, these leading teams argue, the powers that be are going to have to make some changes. For its part, Mercedes naturally counters that unfreezing engine development would send costs spiraling out of control. But then of course it stands to lose the most by re-opening engine development. If those three teams, however, closely intertwined as they are with the three other engine suppliers participating in next year's championship, manage to solicit enough support from the other customer teams and bring the matter to a vote, Mercedes may very well find itself out-numbered. News Source: ESPNImage Credit: Patrick Baz/AFP/Getty Motorsports Ferrari McLaren Mercedes-Benz F1 engine