FERRARI BREAKS NEW RECORDS

Today, with the sun shining brightly and hundreds of crazed Italians in a bicycle race riding by Ferrari headquarters, several very rich people sought to own some of Italy’s most famous automobiles, assorted memorabilia, and ephemera. The event was held by Sotheby’s/RM Auctions.

As this is being written at 10:40 p.m., Italian time, final sales results are still being calculated, but at last count the sale generated a very nice €32 to €35 million ($43 million to $47 million). The new record for a Ferrari was set toward the end of the event, when an anonymous telephone bidder dropped the collective jaw of the four hundred-plus in attendance with an announced bid of €6.250 million ($8.43 million) plus 10 percent commission. All in, it will be a $9-point-something-million-dollar sale.

Source: WindingRoad