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Totaled Ferrari Dino sculpture sold for $250k

How much would you pay for a Dino? Although this sub-brand was supposed to offer lower-cost alternatives to more expensive Ferraris, a 246 GTS model with "chairs and flares" can fetch big bucks. The later, more angular 308 GT4 is less desirable, but the one above just sold for $250,000. Oh, and it's a complete wreck - an absolute write-off, as you can see. So how did it fetch a quarter million when it wouldn't be worth that much in pristine condition? Because this is art.
"Objet trouvé", to be specific, the French term for a common object elevated to a work of art. That's the way it ended up displayed by celebrated French artist Bertrand Lavier and the Galerie Yvon Lambert at the Foire Internationale d'Art Contemporain (FIAC) art fair at the Grand Palais in Paris last week, where an unnamed Turkish collector paid the landmark price. Let's hope he's not planning on restoring it, because it's apparently worth more totaled.

Ferrari 250 GTO could fetch as much as $75 million at auction

Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
According to a report on Bloomberg, citing the classic car authorities at Hagerty Insurance, the GTO in question (pictured above) could fetch upwards of $60 million and as much as $75 million when the auction takes place two days from now in Monterey, CA.
Hagerty's reported estimate would not only blow the previous records out of the water, but would eclipse the pre-sale estimate attributed to Bonhams, the auction house handling its sale, which placed its value between $30 million and $40 million.

Mick Schumacher in F1 Ferrari test scores second-fastest lap at Bahrain

MANAMA, Bahrain — Mick Schumacher, son of seven-times world champion Michael, made his Formula One test debut for Ferrari in Bahrain on Tuesday and lapped second fastest behind Red Bull's Max Verstappen. On a surprisingly wet day at the same track where his father won the first grand prix in the Middle East with Ferrari 15 years ago, Schumacher was 0.597 seconds slower than the 21-year-old Dutchman. His time of 1 minute 29.976 seconds was set on the softest, and fastest, C5 tires — softer than anyone else's — and he completed 56 laps on a day where track time was limited by bad weather washing out much of the middle of the day. "I really enjoyed today. It felt like home in the garage from the very first moment with a lot of people that know me since I was very young," he said. The 20-year-old German, who made his Formula Two debut at the Sakhir circuit over the weekend and finished eighth and sixth in the two races, had been top with five minutes remaining before Verstappen went faster. It was still the first time since 2012 that a Schumacher had led an official Formula One time chart. "The SF90 is incredible because of the power it has, but it is also smooth to drive, and that's why I enjoyed myself so much," said Schumacher. "I was impressed by the braking power an F1 car has. It seemed to me you could brake later and later and the car would have made the turn anyway." The reigning European F3 champion will also test with the Ferrari-powered Alfa Romeo team (formerly Sauber) on Wednesday. Tuesday's test was Mick's first experience of a modern F1 car, although he did drive his father's 1994 title-winning Benetton at the Spa-Francorchamps circuit before the 2017 Belgian Grand Prix. Michael Schumacher, who still holds the record of 91 grand prix wins, won five of his titles with Ferrari in a golden period from 2000 to 2004. He last raced for the team in 2006 before a comeback with Mercedes from 2010-12 and has not been seen in public since he suffered severe head injuries in a skiing accident in the French Alps in December 2013. Mick, who joined the Ferrari academy in January, was the only debutant on track in a rain-hit session that followed Sunday's second grand prix of the season. Lewis Hamilton, Sunday's race winner for Mercedes after Ferrari's Charles Leclerc suffered a late engine problem, was sixth fastest.