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Berger and Vettel swap F1 cars old and new at the Red Bull Ring

This weekend the Formula One circus heads to Spielberg. No, not the Hollywood director, but the town in Austria that's home to the Österreichring. Subsequently known as the A1-Ring, these days it's called the Red Bull Ring, which makes this weekend's revived Austrian Grand Prix something of a home race for the defending champion Red Bull Racing team. But long before that it was the home race of the sixteen F1 drivers that call Austria their home - not the least of them Gerhard Berger.
The only Austrian driver to have won a grand prix (ten of them, all told) but not a championship, Berger was a fixture of F1 racing in the 1980s and 90s, spending much of his career driving for Ferrari. He later ran Scuderia Toro Rosso for three seasons, during which time Sebastian Vettel won his first (and still the team's only) grand prix. So with the Austrian Grand Prix back on the calendar for this weekend, the two highly accomplished drivers headed to the Red Bull Ring for a little juxtaposition.
Gerhard rolled in with the Ferrari F1/87-88C in which he won the 1988 Italian Grand Prix at Monza (which was, incidentally, the same race that Vettel won for STR twenty years later under Ferrari power), and Seb in his championship-winning RB8. Then they switched off, giving the four-time world champion his first chance to drive a grand prix racer with three pedals. If you can't believe that, it's also (as far as we can tell) the first time, despite years of neck-and-neck competition and retention of some of the best drivers on the grid, that a Red Bull or Toro Rosso driver has driven a Ferrari F1 car, and vice versa. See how it went down in the video below.

Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video:

Ferrari 250 California fit for Ferris may sell for millions

Planning on playing hooky for a day of adventure in, say, Chicago? You're going to need the right set of wheels. Something like the Ferrari you see here ought to do the trick. Coming up for auction at Amelia Island, this 1961 Ferrari 250 GT SWB California Spider is one of just 56 made – only 37 of which have those highly sought-after covered headlights. The short-wheelbase model followed the previous long-wheelbase version and featured a number of upgrades, including timeless coachwork by Scaglietti, a more nimble chassis, and four-wheel disc brakes. This particular example – bearing the VIN 2871 GT in classic red over black – starred alongside Sophia Loren in the film Ieri, Oggi, Domani. It was sold new in 1961 to Italian industrial designer Giangranco Frattini, who owned it for 17 years before selling it to one Terzo Dalia in 1978, who in turn sold it to its current owner in 1985. This represents the first time it's being offered for public sale. Gooding & Company anticipates it will fetch a good $16 million (give or take) when it crosses the auction block on March 11. That would, according to the records at Sports Car Market, put it right in the range of what California Spiders have been selling for in recent years – the record currently standing at $18.6 million paid for the Baillon barnfind example in Paris a year ago. If you have the means, to paraphrase our childhood hero, we highly recommend picking one up. Related Video: Gooding & Company Unveils Iconic 1961 Ferrari 250 GT SWB California Spider To Highlight Amelia Island Auction The Quintessential Ferrari 250 GT with Limited Ownership from New and Cinematic History SANTA MONICA, Calif. (February 12, 2016) – Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is privileged to announce the addition of a 1961 Ferrari 250 GT SWB California Spider (estimate $15,000,000-$17,000,000) to be sold at the Amelia Island Auction on March 11, 2016. This highly coveted Ferrari is the 22nd SWB California Spider built and one of only 37 covered-headlight examples produced. Remarkably, it has been in the loving care of the current owner for over 30 years. "We are thrilled to present this California Spider to our clients," states David Gooding, President and Founder of Gooding & Company.