Jul 5

Ferrari 250 GTO To Be Auctioned Off At The Quail

This Ferrari 250 GTO will be auctioned off in August. (Photo: The Quail, A Motorsports Gathering)

This 250 GTO will be auctioned off in August. (Photo: The Quail, A Motorsports Gathering)

We may see a new car receive the world’s most expensive title at this year’s The Quail, A Motorsports Gathering event on August 15, as a 1962 Ferrari 250 GTO is going under the hammer. Another 250 GTO sold for a staggering $52 million just last year, and the car coming up for sale next month could see that figure surpassed given the current mania in classic —only last weekend a 1954 Ferrari 375-Plus sold for $18.3 million, and the 250 GTO is a much, much more desirable vehicle in the world of collectors.

The 250 GTO coming up for sale is the car with chassis #3851 GT. It was the 19th 250 GTO to be built, out of a 39-car run, and it has been in the one family’s care for no fewer than 49 years from 1965 until now. It will be sold by auction house Bonhams — at no reserve.

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Jun 25

575-Horsepower Jaguar F-Type Project 7 Revealed

The Jaguar F-Type Project 7 will rocket from 0-60 mph in 3.8 seconds. (Photo: Jaguar)

The F-Type Project 7 will rocket from 0-60 mph in 3.8 seconds. (Photo: )

The first undertaking of Jaguar Land Rover’s new Special Vehicles Operations personalization department is the F-Type Project 7, the production version of last year’s Project 7 concept car. Yes, Jaguar has confirmed that it will build 250 examples of the stunning speedster, and will present the car for the first time at the 2014 Goodwood Festival of Speed starting Thursday.

The F-Type Project 7’s arrival marks the 60th anniversary of Jaguar’s D-Type race car, which inspired its design. The Project 7 name, meanwhile, is derived from Jaguar’s seven Le Mans wins between 1951-1990, of which many were achieved with the D-Type.

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