Ferrari is having a garage sale aka auction

This auction is by RM Auctions, the Canadian company that is collaborating with Sotheby’s.


The star of the event is a 1962 Ferrari 330 TRI/LM Testa Rossa, the only 4-liter and the last racing Testa Rossa by Ferrari. It was driven by the endurance racer Phil Hill.


The other stars of the sale are cars well known to Ferrari buffs, well traveled to shows and concours and often auctioned. Some are simply legendary pieces of engineering and design, like the most powerful Ferrari of its era, the 1953 Ferrari 340MM, with a 4.1-liter, 300-horsepower V-12.

Some are famous for their drivers, like the 1970 Ferrari 512 S raced by Luigi Chinetti’s North American Racing Team twice at Sebring or the 1966 Ferrari Dino 206 SP. An alloy-body competition version of the short-wheelbase 1960 250 GT will also be offered, as well as a prototype of the F40 supercar.


Those with a more modest bidding budget will be drawn to the actual garage items — perhaps one of the more than 100 lots of racing memorabilia from the Ferrari archives — the real basement tapes.

http://autonewsguide.com/news/Ferrari-Turns-60-With-a-Factory-Sale/

Carroll Shelby's personal Cobra sells for $5 million

Auction details here http://www.speedtv.com/articles/automotive/lifestyle/34919/ in 3 minutes it was $1.5 million, at the 4 minute mark $2 million, at 4:45 it was $3 million, at 5:30 minutes it was $4 million , and at the 8 minute mark it went out for $5 million.

The buyer is Ron Pratt, who paid 4.1 million last year for the GM Motorama bus. Who the competion was that got the price that high is something I'd like to know.

That is a monument to the man, the legacy, and the craze that auctioning rare cars is. It made US history, World history, and it feels insignificant to mention that it made auction history.
http://www.speedtv.com/barrett-jackson/ for the 8 minute feed from Speedtv's website.

click on the link to my earlier postings for more info, a copy of the 1968 Motor Trend article in full, and other links for more on Carroll Shelby's personal dual supercharged Cobra Super Snake.
http://justacarguy.blogspot.com/2006/12/meanest-cobra-ever-made-ever-carrols.html#links

74 mile '70 Hemi Cuda, $500,000

A 62 yr old bought it, took off some factory stuff carefully for storage, installed race parts.... went racing for the rest of the year. Died that winter. His widow died a few years later and the son sold off the car for $3500 in 1977.

The buyer reinstalled the original parts, owned the car for 16 years, and only drove it for pushed it around for just 5280 ft.
Just one mile in 16 years.
330 ft a year on aveage.

My granny's chicken's fly farther than that with a good tail wind.

So it passed through some collectors hands for investment purposes, and in 2005 is purchased with 61 miles. This last owner tuned it up for proper operation, and auctioned it off for $500,000. It's the lowest mileage 70 Hemicuda in existance, and likely it'll never be driven over 100 miles. Sad, that's car abuse. To never drive it... might as well buy a house for investment purposes. It's never going anywhere either.

http://www.barrett-jackson.com/carlist/cardetails.asp?In_AuctionID=221&In_LotNumber=1262

If I read right, a 71 hemi convertable sold for $2.2 million. $1.7 million more for being a convertable.