Ferrari

This week the 10th annual Peninsula Classics Best of the Best Award was presented, an unsanctioned concours award that has captured the world's attention and been embraced into its culture, unifying an industry and redefining the winners.

In the last few days, two of the six most expensive cars in history have sold at auction. One for US$54 million in Germany, the other for $36 million in Paris. We're guessing that with financial storm clouds looming, the world's most astute money managers are seeking a proven economic hedge.

Ferrari's new F80 hypercar has tongues wagging about whether it'll make for a suitable successor to the 2013 LaFerrari. What's more important, though, is how the Italian marque's latest creation gets from 0-62 mph in just 2.15 seconds.

With manufacturers starting to end production of their iconic ICE automobiles, it might be time to start thinking about one last snarling beast to take into the EV wilderness with you … and this car presents as a contender for several reasons.

Prior to last Friday, just four cars had ever sold for more than US$30 million at auction – now there’s a fifth, and it is no surprise that the Ferrari 412 P that fetched $30,255,000 came from the collection of film and car maker James Glickenhaus whose appreciation of visual aesthetics made the car a natural fit for man who transforms race cars into road cars.

Last week we forecast that the 16th car in history would sell at auction for over US$20 million. It didn't happen, but what did occur was even more astonishing. The 1964 Ferrari 250 LM sold for €15,771,200 (US$16,867,298) including buyers premium.

Blue-chip investment opps rarely include a lavish helping of fun, but one area where the two invariably coincide is the long-term ownership of vintage Ferraris, and this week served as a reminder of the potent force of rising Ferrari auction prices.

Cars that sell for more than $10 million are rare, but cars that sell for more than $20 million are very special indeed. There have only ever been 64 cars in history that have fetched more than USD $10 million at auction, and just 15 cars that have ever fetched more than $20 million ... and there might be another by the end of the week.

RM Sotheby’s has announced the sale of what may become the most valuable automotive barn find in history: 20 Ferraris consigned to the mercy of time in 1990, unearthed in 2004 when Hurricane Charley collapsed the Florida barn they were housed in.

The Peninsula Classics Best of the Best identifies the world’s most exceptional classic car from a select group of vehicles that have won the highest awards at the previous year’s major concours events. The 2022 award finalists have now been announced.

An American car has won the prestigious Concorso d’Eleganza Villa d’Este, the world's oldest and most traditional automotive concours.

Ferrari has unveiled a new four-door, four-seat vehicle – it's the first time the Prancing Horse has done so. Swearing that it's not an SUV, Ferrari bills the Purosangue as more of a shooting brake, with all the expected performance.