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1962 Ferrari 250 GTO Sells For $38 Million At Auction

A 1962 Ferrari 250 GTO became the most expensive car ever sold during an automotive auction Thursday night when a buyer paid $38 million for the vehicle at a Bonhams event. Only 39 of the racers were ever built, and it is a favorite among collectors. One reportedly sold for $52 million in a private sale. If true, it would be the most expensive car ever purchased. Another Ferrari GTO built for legendary racecar driver Stirling Moss sold for $35 million in 2012. Thursday's sale broke the auction record set at a Goodwood auction last year of a Mercedes W196R that was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races by $8 million. Pretty good for a car that went to the auction block with no reserve, meaning there was no minimum price set for the sale of the car, though bidding started at $11 million, according to the Los Angeles Times. The Ferrari 250 GTO was the star of the show, but it wasn't the only rare Ferrari on the auction block. Bonhams brought ten of the most collectable Ferraris in the world on stage, including 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 Ferraris sold for $65.945 million, according to Autoblog.

$80M Ferrari deal would make Vettel world's highest-paid sportsman

Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his departure from Red Bull, inking a contract with Ferrari worth 150 million pounds sterling for three years - that works out to over $80 million per year.
If the reports are true, that would make Vettel (pictured above with his assumed new teammate Kimi Raikkonen) the highest-salaried sportsman in the world. Compared to Vettel's rumored $80 million/year, soccer player Cristiano Ronaldo was paid $52 million last year and NFL quarterback Matt Ryan got $42 million, just ahead of soccer player Lionel Messi at $41.7 million. Boxer Floyd Mayweather was reportedly paid a whopping $100 million last year, but that's based on how many fights he fights and wins, putting him on a different earnings spectrum.
Those figures are also just for salaries, and do not include sponsorship and endorsement deals - and therein may lie part of the reason for Vettel's reportedly stratospheric salary. In addition to his salary from the Red Bull team with which he's won four World Championships, Vettel also pulls in a large retainer from Infiniti, which sponsors both the team and himself personally. In departing Red Bull, he'd undoubtedly have to sever the tie with Infiniti as well.

Ferrari Dino prototype will go for auction at Pebble Beach

Following the announcement of a Duesenberg that could go for more than $10 million at Pebble Beach, we have yet another historic car headed for the auction block at the venerable event. This is a 1966 Ferrari Dino Berlinetta GT, and it was the second prototype designed. It previewed the production 206 GT, and it could be yours if you have the means. While the car looks very close to the production coupe, there are quite a number of differences. Compared with the production car, the prototype has its turn signals below the grille, and the taillights consist of three round lenses rather than two. They have a chrome rectangular background, too. The entire body looks to be a bit longer than the production car. Part of this may have to do with the fact that the 2.0-liter V6 in the middle is mounted longitudinally. In the production Dino, the engine was mounted transversely. The body has a more tapered tail, too, one that has less of a duck-tail spoiler integrated. Additional details not found on the production car are the chrome bars across on the side strakes and the large single windshield wiper. Even with these detail changes, the Dino prototype is still gorgeous, maybe even more so than the consumer version. Now we come to the part of the post where we discuss the car's high price. For this rare piece of Ferrari history, Gooding and Company expects someone will spend between $2 million and $3 million. Obviously that's a lot of money, in fact it's twice what the Ferrari Aperta cost when it launched. But this is a truly one-of-a-kind car, and it has an important place in history in helping give us the first mid-engine V6 Ferrari. So, it might be worth it. If you agree and have the cash, be sure you get to the Gooding and Company auction on Aug. 24-25. Related Video: Featured Gallery 1966 Ferrari Dino Berlinetta GT prototype View 9 Photos Image Credit: All images copyright and courtesy of Gooding & Company. Photos by Mathieu Heurtault Ferrari Auctions Coupe Concept Cars Classics Pebble Beach ferrari dino