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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.

Race Recap: 2015 US Grand Prix was wet, wild, and historic

Hurricane Patricia made landfall in Mexico this weekend, and made her presence known throughout the South. For two of the three days of the grand prix weekend it rained non-stop in Austin, so badly on Saturday that qualifying had to be postponed until Sunday morning, and then it only stayed dry enough to conduct the first two sessions. At the end of a tricky, slippery Q2 Nico Rosberg had put his Mercedes-AMG Petronas on the front row, one tenth ahead of teammate Lewis Hamilton. The German had done the best he could to keep his hair-thin chances of a World Championship fight alive. Daniel Ricciardo lined his Infiniti Red Bull Racing chassis in third ahead of teammate Daniil Kvyat, both drivers having moved up a place because Ferrari driver Sebastian Vettel took a ten-spot grid penalty for using a fifth engine and dropped to 13th. Continuing the two-up theme, Sergio Perez and Nico Hulkenberg were fifth and sixth for Force India. After that came variety: Felipe Massa in seventh for Williams, Max Verstappen for Toro Rosso in eighth, Fernando Alonso looking good in the rain for McLaren in ninth, and Romain Grosjean for Lotus in tenth. When the lights went out, Turn 1 set the tone. Pole position is on the outside line at Circuit of the Americas, and Hamilton had got himself far enough under Rosberg by the time the two got up the hill that Rosberg had to stick to the outside through the corner. At the corner exit Hamilton used the entire track, pushing Rosberg wide, their cars touching. As Rosberg left the track and dropped back to fourth, Hamilton radioed to the team to say the contact was unintentional. The two Mercedes' and two Red Bulls animated the front. Rosberg passed Ricciardo at the end of a Virtual Safety Car period employed to let the marshals clean the debris at Turn 1. Kvyat started chasing down Hamilton until the Russian ran wide and let Rosberg and Ricciardo through, then Rosberg ran wide on the next lap to let Ricciardo through. On Lap 15, Ricciardo passed Hamilton through the esses to take the lead. After the first round of pit stops the Aussie still had the lead, followed by Rosberg, Kvyat, Hamilton, and Vettel. Then Rosberg got around to take the lead and Vettel closed in on Hamilton as the Brit duked it out with the Russian. Rosberg showed excellent speed, building up a nine-second gap on Ricciardo, but a Safety Car period erased that when Marcus Ericsson had to park his dead Sauber on the inside of the track after Turn 10.

Miami Vice Ferrari Testarossa headed to auction

Push up the sleeves on your suit jacket, get your favorite pastel T-shirt out of the closet and put on those Wayfarers for a trip to Monterey Car Week on the California coast. One of the 1986 Ferrari Testarossa hero cars from the hit '80s show Miami Vice is heading across the auction block there on Aug. 15. Even if you have no interest looking like Sonny Crockett, this is still a beautiful Prancing Horse. The story behind the Ferraris on Miami Vice is just as entertaining as the show. For the first two seasons, Don Johnson's Sonny Crockett drove a black Daytona Spyder, but in reality it was a C3 Corvette underneath. Ferrari reportedly threatened to sue the replica maker, and a compromise was worked out to cease production in exchange for two Testarossas. Originally black, they were repainted in white to pop better in night scenes. Mecum's example is part of that duo. Beyond the TV connection, this Testarossa is one of the early examples with the side mirror on a stalk that's perched high on the A-pillar. It still packs a 4.9-liter, 390-horsepower flat-12 engine paired with a five-speed, gated manual gearbox with a recent $8,000-engine-out service. Inside, there's cream leather and even a car phone that's period correct. This example is quoted with just 16,124 miles and authentication by Ferrari North America and Ferrari Classiche. Late last year, another white Testarossa showed up on eBay claiming to be one of the Miami Vice hero cars. The seller was asking for a $1.75-million Buy-It-Now for that one. It will be interesting to see how Mecum's Ferrari performs on the auction block in Monterey. "MIAMI VICE" HERO CAR SPEEDS INTO MECUM AUCTIONS MONTEREY 2015 Iconic 1986 Ferrari Testarossa to be offered at The Mecum Daytime Auction Aug. 15 WALWORTH, Wis. – July 7, 2015 – The star of the '80s-era television series "Miami Vice" is coming to the Mecum Daytime Auction in Monterey this Aug. 13-15. No, not Sonny Crockett and Ricardo Tubbs—the flashy detectives played by Don Johnson and Philip Michael Thomas who fought episode-after-episode against the seedy underworld of Miami—but their 1986 Ferrari Testarossa. This iconic supercar with its signature side strakes was one of the quintessential poster cars that found itself plastered on many a teenager's bedroom wall in the 1980s, and it will now be offered for sale at the Hyatt Regency Monterey Hotel and Spa – Del Monte Golf Course this Aug. 15.