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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.

Chris Harris does road and track work in the LaFerrari

Yes, we know, we just saw Chris Harris smoking it up around Anglesey Circuit in a Porsche 911 GT3 and a Ferrari 458 Speciale, and here he is again. But this is Harris in one of the (three!) era-defining supercars, and we simply can't miss that. Harris celebrates every aspect of the Ferrari LaFerrari but one - its name - praising it for "immediate" thrust, a "very pointy" front end, and the sound at 9,000 revs. Even if you watched without words, his face tells tales, sometimes intense, sometimes agog, and at least once, with mouth agape at 9:44, looking like he's doing something other than driving a car. His final verdict is that the LaFerrari "is in a class of two," but beats all. Take 15 minutes of your day to enjoy the video and discover the LaFerrari's only competitor, as well as "a little oversteer." In slow motion, naturally.

Dubai police add Ferrari FF to keep Lambo company

Supercars are a sulky lot by nature. Leave them to their own devices and they'll quickly grow despondent. That's why so many owners have more than one exotic in the stable. The Dubai Police seem to have caught on to that fact, having just added a Ferrari FF to help keep the force's new Lamborghini Aventador company. The duo will patrol the city's more affluent regions to promote the area's image as a mecca for money.
Mission: accomplished.
Of course, the Dubai PD certainly isn't the first law enforcement agency to adopt flashy cruisers, and car gods willing, it won't be the last. There was the Nissan GT-R gussied up for police duty, as well as the Lamborghini Gallardo LP560-4 and the Mitsubishi Evo X, but we have to say the DPD certainly has the most lust-worthy stable at the moment.