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1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the group of them sold for $65.945 million.

Fangio's Ferrari 290 MM should top $28 million at auction

Of all the legendary pilots that have driven for the Scuderia over the years, few carry the kind of clout that did one Juan Manuel Fangio. A five-time world champion from another era, Fangio won a couple dozen grands prix and a fair few sports car races as well, driving for the likes of Mercedes, Alfa Romeo, Maserati, and of course Ferrari. What you see here is the car that Enzo's outfit built especially for Fangio. And now it's going up for auction, where it's anticipated – with good cause – to fetch big bucks. This 1956 Ferrari 290 MM – chassis number 0626 – was designed for Fangio to drive in the Mille Miglia. It would be the last time he would compete in the event, before being scrapped the following year. Victory in the thousand-mile race once again eluded the legendary Argentinian with a fourth-place finish, achieved single-handedly. But that wasn't the end of the story for 0626. It would go on to be raced by Phil Hill at the Nurburgring, by Alfonso de Portago at the Rouen Grand Prix, by Wolfgang von Trips at the start of his career with Ferrari, and won the Buenos Aires 1000 KM in 1957. Victories like those helped Ferrari clinch the manufacturer's title in both 1956 and '57, campaigns in which the 290 MM played an integral part. One (and arguably the best) of only four examples made, 0626 was never crashed during its decorated career. After its retirement from the Scuderia, it made its way through the hands of numerous collectors and racers on both sides of the Atlantic. It spent 34 years in the Mas du Clos collection of Pierre Bardinon before being acquired by its current owner, who in turn is now putting it up for auction. It will feature as part of RM Sotheby's upcoming Drive by Disruption sale in New York on December 10, where it is expected to sell for over $28 million. That would make it the most valuable car ever handled by the venerated auction house, outshining the 1967 Ferrari 275 GTB/4 NART Spider it sold at Monterey in 2013 for $27.5 million. Of course it's not the only lot consigned for the Manhattan event. It'll be joined by a spectacular blue 1955 Ferrari 500 Mondial that's expected to fetch around $6 million, as well as a 1962 Aston Martin DB4 GT Zagato (~$16m) and a Lamborghini Concept S (~$3m), to name just a few highlights on the horizon.

Conquest and controversy conclude the 2014 Rolex 24 at Daytona [spoilers]

If you don't wish to know who won the 2014 Rolex 24 at Daytona, you should avert your eyes right now. We'll even give you a double-space to skedaddle...
For those of you still with us, the first race in the United SportsCar Championship (USCC) is done, but the discussions about it certainly won't end for a while. Daytona Prototypes claimed the first four overall places, the top spot taken by the No. 5 Action Express Coyote-Chevrolet Corvette DP driven by Joao Barbosa, Christian Fittipaldi, Sebastien Bourdain and Burt Friselle. The 16th and final caution of the race bunched the field up for an eight-minute sprint to the flag, so the first place getter finished just 1.4 seconds ahead of the No. 10 Wayne Taylor Racing Dallara-Chevrolet Corvette DP driven by Max Angelelli. Third place went to Brian Friselle in the No. 9 Action Express Chevrolet Corvette DP, 20 seconds down. Chevrolet power hasn't taken the overall win since 2003, eleven years later it scores a one-two-three-four. The No. 6 Muscle Milk/Pickett Racing ORECA-Nissan 03 scored fifth place, the top LMP2 finisher.
The Prototype Challenge class win went to the No. 54 CORE Autosport team of Colin Braun, Jon Bennett, Mark Wilkins and James Gue.