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$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.
RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.
Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.

Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles

Ferrari F12 Berlinetta takes home 2014 Robb Report Car of the Year [w/video]

In what is being called an "unprecedented landslide decision," those who have the right to cast votes have anointed the Ferrari F12 Berlinetta as the 2014 Robb Report Car of the Year. Standout features that have helped the Ferrari earn such a runaway victory include its 0-60 blast of 3.1 seconds, its 211-mile-per-hour top speed and the exhaust note of its 731-horsepower V12 engine.
After being driven by a team of journalists and 100 or so members of the private Robb Report Club, the grand tourer beat out a total of 13 contenders that included the Audi R8 V10 Plus, Lamborghini Aventador LP700-4 Roadster, Aston Martin Vanquish Volante, Bentley Continental Flying Spur, Jaguar F-Type V8 S, Chevrolet Corvette Stingray Coupe, Maserati Quattroporte GTS and Dodge SRT Viper GTS.
This is the 21st year that Robb Report has selected a Car of the Year. Scroll down below for the official announcement and video, and feel free to read more about the F12 Berlinetta and some of its worthwhile competitors over at Robb Report.