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$8.8m '58 Ferrari 250 GT California Spider highlights RM's Arizona auction

All manner of vehicles change hands at the annual auction extravaganza in Arizona, but never has one sold for as much as the Ferrari you see here. The car in question is an (obviously) eminently desirable 1958 Ferrari 250 GT LWB California Spider, one of only 50 ever made and purring onto the stage in flawless red over black livery with matching numbers of the coveted covered headlights straight from the factory.
When we reported on the car's consignment in anticipation of this weekend's sale, it was expected to bring in between $7 and 9 million - and it's done just that, coming in near the top of its valuation with a winning bid of $8.8 million. That makes for a lot of zeros, but while it set a new record for the Arizona auctions, it hardly makes it the most expensive in the world. That honor still belongs to the Mercedes-Benz W196 that sold last summer for nearly $30 million. Nor is it the most expensive Ferrari ever sold at auction, an honor which still belongs to the 250 Testa Rossa that sold for over $16 million in 2011. Heck, it's not even the most expensive 250 California ever sold, coming in behind the SWB example that sold for nearly $11 million in 2008. All of which only goes to show just how insane the collector classic car market has grown in recent years.
The California was undeniably the highlight of RM's two-day sale, but was joined by several other seven-dollar lots, including a 1961 Porsche 718 ($2.75 million), a Ferrari 250 GT Lusso ($2.44 million), a Duesenberg Model J convertible ($2.2 million) and several other million-dollar Ferraris, Mercedes and a '35 Hispano-Suiza. A 1961 Chaparral 1 failed to reach its reserve price despite a high bid of $1.75 million, neither did a 1966 Porsche 906 Carrera 6 at $1.18 million or a Ferrari 275 GTB/4 at $2.85 million. RM Auctions did, however, manage to sell 85 percent of those lots consigned to bring in a massive two-day total of $45.56 million in sales, details of which you can read in the press release below.

Ferrari 250 Testa Rossas assemble by the shore at Pebble Beach

Seeing one Ferrari 250 Testa Rossa could be a once-in-a-lifetime experience for many people because so few exist, and those that do generally trade hands for tens of millions of dollars. At this year's Pebble Beach Concours d'Elegance, there are 20 of these amazing rarities lined up next to each other.
Situated right on the shore of the Pacific Ocean, you can actually hear the waves lapping against the rocks during the quiet moments. Just a few feet away these thoroughbred Prancing Horses are on display and being polished to perfection. The Testa Rossas represent some of the most important historic racers in the world, and the mix here include a prototype, a Le Mans winner and models that counted drivers like Phil Hill and Dan Gurney behind the wheel.
Not all Testa Rossas were created equal, though. Ferrari built both factory racing and customer versions, and they came with curvaceous bodies from Scaglietti and a bit more angular look with dual snouts from Fantuzzi. Many of them also had further modifications from there to make each one about as unique as a snowflake. Check out our fabulous gallery of all 20 of these beautiful red heads on display together.

Autoblog remembers its favorite Ferrari models of the Montezemolo Era

Italian cars have a reputation for drawing out the fiery, emotional and passionate sides of car enthusiasts - something that becomes abundantly clear when you ask a group of Autoblog editors to rank a list of their favorites.
With the departure of Luca di Montezemolo from Ferrari being fresh on our collective minds today, your friendly team of editors started pleasantly discussing which of the cars launched during his era was our favorite. The conversation was rousing, so we thought it would be entertaining to put the choices to a quick ranked vote, and bring you a sort of Editors' Choice list for road-going Ferraris from the 1990s through today.
Then, of course, all hell broke loose.