Latest news with #Ferraris
Scottish Sun
5 hours ago
- Automotive
- Scottish Sun
Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million
An anonymous phone bidder bought the piece of motoring history RED ALL OVER Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE oldest Ferrari car in existence has sold at auction for a record price of £6.3 million. The 1948 Ferrari 166 Spyder Corsa was Enzo Ferrari's first car, designed to compete in circuit racing and drive on the road. Sign up for Scottish Sun newsletter Sign up 4 The vintage motor sold for a record price Credit: BNPS 4 The car has been meticulously maintained Credit: BNPS Only nine of the motors were ever made making them some of the rarest Ferraris in existence. This one was bought by the Besana brothers, the Italian car company's first ever customers, who would have had the car built to order. The 166 Spyder Corsa competed in numerous races between 1949 and 1957 before being purchased by American collector Henry Austin Clark in 1965. The red car was bought for around £3,000 with an additional £400 for the official mantra of "World's Oldest Ferrari." The seats, paintwork and wire wheels were painstakingly restored, with Enzo Ferrari reportedly taking a personal interest in the car. Clark reportedly received an offer of around £20,000 for it in 1971, but his family ended up holding onto it until 2015, when they sold it to a renowned Ferrari collector. The 77 year old car still has its original chassis, body, V12 engine and gearbox making it the most original of the 166 Spyder Corsas. It was even sold with its original certification proving its authenticity as one of the earliest Ferraris ever sold. Boasting a top speed of 125mph the vintage motor does 0-60mph in around six seconds. It was sold to an anonymous phone bidder by Broad Arrow Auctions at an auction near Lake Como, Italy. It sold for a hammer price of £5.3 million, the total came to around £6.3 million after auction fees. The motor set the record for the most expensive 1948 Ferrari 166 Spyder ever sold. 4 The Ferrari still has its original V12 engine Credit: BNPS 4 It has the official title of "World's Oldest Ferrari." Credit: BNPS Barney Ruprecht, vice president of Broad Arrow Auctions, said: "It is an absolutely fabulous sale for an amazing early sports car. "The 166 Spyder Corsa is quite literally the earliest and most important Ferrari in existence today. "It has significant period racing history at some of the most renowned events in Italy and throughout Europe, so it feels only natural to sell the car at the most prestigious concours event on the continent. "It is an immediate world-class acquisition to own the first Ferrari. "Any enthusiast of the Ferrari brand, including both older, established collectors and the rising generation now in the market, will feel drawn to the DNA of such a legendary marque. "Nothing else on the market today, at any price, offers the cache of this car." The Ferrari is one of two models purchased by the Besana brothers, Ferrari's earliest customers. The Spyder Corsa boasts chassis number 004 C, finished sixth overall at the 1948 Targa Florio, raced at the 1948 and 1949 Mille Miglia and also has period Formula Two competition and hill climbs added to its race tally.
Time of India
3 days ago
- Politics
- Time of India
Pentagon rattled by leadership rift as Pete Hegseth's inner circle feuds - is the Defense Secretary's job on the line?
A man in Australia is in trouble for lying about medicine sales. Police took his 12 fancy cars, including Ferraris and Lamborghinis. He may go to jail if found guilty. The case is part of a big fraud investigation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs Tired of too many ads? Remove Ads The Pentagon is said to be facing a 'Cold War' inside the department, but it's not about Russia. It's about drama and fights among top people. Two senior aides working for Defense Secretary Pete Hegseth are fighting, and it's causing big problems for the department, according to the reportsMany people working in the Pentagon told the paper that things look fine from the outside, but behind the scenes it's messy, with fights, inexperience, and missing staff. The Washington Post report said, 'There's a cold war that exists in between flash points,' and described how tempers often flare among Hegseth's main fight is between Eric Geressy and Ricky Buria , two of Hegseth's closest aides. Geressy is a retired soldier who once served with Hegseth in Iraq and mentored him. Buria used to be a military assistant to Hegseth but was later promoted to acting chief of staff, states believes Buria is trying to sideline other staff to make himself look better to the Trump team. Things got worse during the Signalgate scandal in March. Geressy was left out of meetings during a Pacific trip and blamed Buria for it. Geressy also said too many people in the Trump administration were using the Signal app, and claimed the White House saw Buria as arrogant. Geressy leads a team called JSIAG, which includes Special Forces and other government workers. They focus on fighting Mexican drug cartels, as mentioned by The Washington Post once gave Geressy the Distinguished Service Cross for bravery in combat. Buria is a former Marine Corps pilot and earlier worked with President Biden's Defense Secretary. In February, Hegseth fired Lt. Gen. Jennifer Short without saying why, and gave Buria her role, a three-star general's job. This sudden promotion of Buria made other top military officers the temporary assignment ended, Buria wanted to retire from the military and stay on as a civilian adviser, with support from Hegseth's wife, Jennifer. When Hegseth's previous chief of staff Joe Kasper quit in April, people started wondering if Hegseth could still manage his staff. Hegseth then made Buria the acting chief of staff, but it's not clear if the White House will approve him long-term, as per reportsBuria once called Trump and Senator Vance 'crazy' and 'dumb', according to a New York Post report. Trump said he didn't know who Buria was, and if it's true, 'we don't take him.'Geressy is tired of the chaos and thought about quitting, but he's stayed because he's loyal to Hegseth and his team, as per the CNN fights between Geressy and Buria show how unstable the Pentagon is, especially after Hegseth has had a number of scandals. Some defense officials say it's unclear how long Hegseth can keep his job unless he brings order to his staff. Around the same time Buria got promoted, Hegseth fired three senior officials, Dan Caldwell, Darin Selnick, and Colin Carroll, saying they leaked info to the three fired officials said they were unfairly attacked and that the accusations were totally false. Hegseth's spokesperson, Sean Parnell, tried to downplay the drama, saying staff changes are normal in 'effective organizations.' Parnell also said Hegseth is focused on putting the right people in the right roles to carry out Trump's plans. He said the public doesn't care about 'palace gossip', but about real action from the Defense Department, as mentioned in the insisted Hegseth's team is united and working to focus on warfighting and getting results. After the firings, Hegseth hired three new senior advisers, Sean Parnell, Justin Fulcher, and Patrick Weaver. Fulcher came from the Department of Energy, and Weaver worked in Congress, the National Security Council, and Homeland Security, according to The Washington Memorial Day, Trump supported Hegseth, calling him a 'tough cookie' and praising his work for troops and veterans, saying he had 'gone through a lot.'He is accused of earning illegal money by making fake medicine he is found guilty, the government will sell the cars to fund crime prevention programs.
Time of India
3 days ago
- Time of India
Pharmacist rattles Australians as police seize 2 Ferraris, 2 Lamborghinis, 7 BMWs, and a McLaren — how did he get so rich?
A man in Australia is in trouble for lying about medicine sales. Police took his 12 fancy cars, including Ferraris and Lamborghinis. He may go to jail if found guilty. The case is part of a big fraud investigation. Tired of too many ads? Remove Ads FAQs Tired of too many ads? Remove Ads A pharmacist in Australia had 12 luxury cars seized by police as part of a fraud investigation. The man is 58 years old and is accused of faking medicine claims for nearly 10 years. The fake claims were made under Australia's Pharmaceutical Benefits Scheme from 2014 to 2023, as mentioned in the say he made $6.5 million USD by cheating the system. With that money, he lived a luxury lifestyle, owning a big mansion and super expensive cars. The cars taken by police include 2 Ferraris, both are 488 models, one is a Spider, the other is a Pista. 2 Lamborghinis, both are Aventadors, one is an LP 780-4 Ultimae, and the other an Aventador SVJ, as per the report by Road & Track.1 McLaren, a 765LT with MSO specs. 7 BMWs, includes models from the 2 Series, 7 Series, and an M3. The man has been charged with two crimes, dealing with proceeds of crime over $1 million, which can lead to 25 years in jail, as stated in the financial loss to the government, can lead to 10 years in jail. If he's found guilty, the government will sell all his cars, and the money will go to programs that help prevent crime. A fun side note in the report joked that the Lamborghini LP 780-4 would look cool as a police car, kind of like how Florida police use a Corvette C8, as mentioned in the is accused of earning illegal money by making fake medicine he is found guilty, the government will sell the cars to fund crime prevention programs.
Yahoo
3 days ago
- Automotive
- Yahoo
Historic Ferrari Sale Headlines Broad Arrow's Record-Setting Debut at Villa d'Este
⚡️ Read the full article on Motorious A 1948 Ferrari 166 Spyder Corsa shattered records at Broad Arrow Auctions' first European event, selling for €7,543,750 and setting a new high-water mark for the model. The landmark sale headlined Broad Arrow's debut at the Concorso d'Eleganza Villa d'Este, held on the shores of Lake Como in partnership with BMW AG. The auction house, a subsidiary of Hagerty (NYSE: HGTY), reported €31,172,625 in total sales over the May 24–25 weekend, with 78 percent of lots sold. The dual-day auction marked Broad Arrow's inaugural sale on European soil, held in the historic Rotunda at Villa Erba. 'We are thrilled with the success of our first European auction,' said Joe Twyman, Broad Arrow's VP of Sales for EMEA. 'To launch our presence with such a prestigious event and achieve several record-breaking results speaks volumes about our global client base and the quality of vehicles offered.' The Ferrari 166 Spyder Corsa, lauded as one of the most original early Ferraris in existence, was a standout. Commissioned in period by one of Enzo Ferrari's earliest customers, the car boasts a significant competition pedigree, including appearances in the Mille Miglia and Targa Florio. The auction room fell silent during a tense bidding war, with the final price confirming the car's place in the upper echelon of historic Ferrari values. Other notable sales included a 2003 Honda NSX-R, which set a world auction record at €934,375, and a 1989 Ferrari F40 Competizione, which commanded €2,312,500. A BMW M1 Procar-spec car, sold during a BMW-only auction session, fetched €602,500. With over 8,000 viewers following online, Broad Arrow's first Villa d'Este sale exceeded expectations, showcasing everything from postwar icons to modern collectibles. The auction house will next head to California for its Monterey Jet Center sale this August 13–14.
Campaign ME
3 days ago
- Automotive
- Campaign ME
Property Finder ‘drives success' by offering SuperAgents keys to branded supercars
Property Finder has taken to the streets to celebrate the brand's 'SuperAgents' in a bold and unconventional way by offering them keys to branded supercars, including Ferraris and Lamborghinis, for an exclusive three-day driving experience. Who are these 'SuperAgents'? Property Finder leverages artificial intelligence through its Agent Data Assistant (ADA) to create an AI-driven ranking system that identifies top-performing agents based on stringent criteria. This initiative identifies 'SuperAgents' and incentivises elevated agent performance, allowing consumers to connect with trustworthy, capable agents. Such SuperAgents were rewarded through the supercar activation in the UAE, with supercars bearing the slogan 'Property Finder Drives My Success' captured on social media by these agents and passers-by, extending the brand's reach and impact. The eye-catching cars, featuring Property Finder's distinctive branding, were handed over to 'SuperAgents' from ten leading agencies including: Betterhomes, Allsopp & Allsopp, haus & haus, Driven Properties, fäm Properties, MD Properties, Engel & Völkers, Treo, Provident Estate, and Metropolitan Premium Properties. In conversation with Campaign Middle East, Sevgi Gur, Chief Marketing Officer at Property Finder, said, 'The supercars wrapped in Property Finder branding provided a bold way to reward top-performing agents while reinforcing our brand's premium positioning. Instagram was chosen as the primary channel because it's where both agents and consumers actively engage, making it ideal for sharing and amplifying success stories.' 'By encouraging agents to post and resharing their content, we extended the campaign's reach organically. This approach directly supports our objective of celebrating excellence, increasing agent motivation, and strengthening Property Finder's leadership and visibility in the market,' Gur added. For the three-day activation, red cars were leased from three different rental agencies to ensure that the vehicles matched the brand's distinctive colour. All the designs on the cars were created in-house at Property Finder. The campaign intended to to reinforce Property Finder's brand positioning as an industry leader that celebrates talent and drives innovation Commenting on the success metrics of the activation, Gur explained, 'Our main goal was to celebrate our top-performing agents. With this in mind, success will be measured primarily through agent feedback. Secondary metrics include: Social media reach and engagement of Property Finder content; new followers to Property Finder's Instagram channel; media engagement and interest in the activation; as well as quantity and reach of user generated content.'
