Latest news with #MilleMiglia
Yahoo
3 days ago
- Automotive
- Yahoo
1948 Ferrari Sets Record as Broad Arrow Celebrates First European Auction at Villa d'Este
⚡️ Read the full article on Motorious Broad Arrow Auctions achieved a historic milestone at its inaugural European sale this past weekend, held during the prestigious Concorso d'Eleganza Villa d'Este. Headlining the event was a 1948 Ferrari 166 Spyder Corsa, which shattered auction records for the model, selling for an astonishing €7,543,750. The sale, conducted over two days at Villa Erba, marked Broad Arrow's debut on the European stage and its first as the official auction partner of BMW AG. The event drew global attention both in person and online, with more than 8,000 viewers tuning in via Broad Arrow's livestream. In total, 78 percent of lots found new owners, generating a sales total of €31,172,625, including post-auction transactions. 'This sale was not only a commercial success, but a historic one,' said Joe Twyman, VP of Sales for Broad Arrow's EMEA region. 'The setting, the cars, and the energy in the room all came together in spectacular fashion.' The record-setting 1948 Ferrari—believed to be one of the most original examples of the early Spyder Corsa models—was previously never offered for public sale. With Mille Miglia and Targa Florio provenance, the car captivated bidders worldwide, eventually selling after a spirited round of telephone bids. Additional highlights included a 2003 Honda NSX-R that realized €934,375—setting a new auction record for the model—alongside a €2,312,500 result for a 1989 Ferrari F40 Competizione. A rare 1980 BMW M1 built to Procar specification also achieved €602,500 during the BMW-exclusive segment of the auction. Kenneth Ahn, President of Broad Arrow, reflected on the weekend's success: 'This extraordinary debut on the shores of Lake Como underscores our commitment to global growth. We are honored by the support from collectors, our partners at BMW AG, and the Concorso d'Eleganza Villa d'Este.' Broad Arrow's next auction is slated for August 13–14 at the Monterey Jet Center in California, where it will once again present a premier selection of collector cars in conjunction with Motorlux.
The Citizen
6 days ago
- Automotive
- The Citizen
Mercedes-AMG CLE 53 takes on the Cape 1000
Set in the Western Cape, the annual Cape 1000 is fast becoming a go-to event on the international motoring calendar. We borrowed an appropriate set of wheels and tagged along on the 2025 event. Here's Alex Shahini's experience. Looking for a new or used vehicle? Find it here with CARmag! 'Welcome to the thousand' were the first words my navigator, Sam, and I heard upon entering the parking lot of the Cape Town Hotel School Restaurant. The registration point for the annual Cape 1000 rally, Sunday's Show & Shine gathering, represents one of the most spectacular collections of rare automotive machinery in South Africa. Although this Western Cape-based rally may still be in its infancy, it has grown in popularity and proudly claims to be 'South Africa's most beautiful drive'. 'My husband, Ross, started the Round Table Cannonball Run Africa in 2003, which brought about the establishment of the Super Car Lifestyle events company,' says Cape 1000 co-founder Vanessa Crighton. 'He conceptualised the Concours South Africa and many supercar tours before an accident he was involved in December 2014 prompted me to join him in his passion for bringing like-minded car enthusiasts together. 'Having researched overseas regularity rallies like Italy's famous Mille Miglia (Thousand Miles), and appreciating the spectacular scenery the Western Cape has to offer, we came up with the concept of Cape 1000. We had no idea that it would explode like it has,' continues Crighton. Related: All-New Honda Amaze Lands in SA – Pricing and Spec The inaugural Cape 1000 in 2022 saw 40 classic and exotic cars navigate a 1000-mile (1 600km) route, taking in some of the Western Cape's finest roads, mountain passes and destinations. The four-day event that quickly drew the attention of excited onlookers included several timed events in the interest of friendly competition. Arriving at the Show & Shine registration point for the 2025 event in a pre-launch Mercedes-AMG CLE 53 and viewing the calibre of the 64 other cars participating in this year's event, it quickly became apparent that the Cape 1000 is now one of the most preeminent events on the South African motoring calendar. Divided into Classic (pre-1977), Modern Classic (1977-1996) and Sports Car (1997 to current), those selected out of more than a hundred entries for the 2025 Cape 1000 included a 1959 Mercedes-Benz SL190, a 1968 Ford Mustang GT, a 1970 Ferrari Daytona, a 1971 Porsche 911 RS, a 1993 Lamborghini Diablo, a 1995 Ferrari 512TR Testarossa and a 2011 Mercedes-Benz SLS Gullwing. Our CLE 53 was joined by other current performance cars like the stunning Ferrari 12 Cilindri and an Aston Martin DB12. Related: Toyota Celebrates 40 Years at Le Mans With Throwback Liveries With the cumulative value of the gathered procession best left to the imagination, the appeal of carefully organised events like these is that they allow owners an opportunity to enjoy their wares in a controlled environment while navigating sections of regularity driving (where the competitor is required to maintain a constant set speed, rather than an average speed) and abiding by all traffic laws. An altogether less restrictive element of the Cape 1000 is access to Killarney International Raceway on the first day of proceedings. Here, owners are encouraged to have fun within the limits of their respective comfort zones. In one of the more surreal moments of my career to date, I rejoiced at the opportunity to follow the racing lines of some of the most sought-after cars on the planet. An altogether easier task when the machinery is not your own – and as capable as a modern AMG package is – I later loosened the reins of the CLE 53 4Matic to record the fastest lap of the day. 'I'd like to thank my sponsors…'. Notes, smiles and camera footage compared, the second part of Day 1 led the convoy via the picturesque towns of Philadelphia, Stellenbosch and Somerset West to join the spectacular Clarens Drive linking Gordon's Bay with Rooiels. As I've experienced on various CAR Performance Shootout routes, it's once you experience the sheer joy and exasperation of bystanders, young and old, at the sight of a convoy like this rumbling through the high streets of smaller towns that you realise how unifying the automotive world can be. Including sections of fast, winding routes in between the towns of Montagu, Aston, Kleinstraat and Ceres, while the second day of the event was designed to test the agility of the cars; ambient temperatures in the Karoo exceeding 40 degrees added to the drama of proceedings. Fortunately, stops for both photo opportunities and refreshments were forthcoming. An integral part of the Cape 1000 is acknowledging the role of enthusiasts, including those who can only dream of one day being behind the wheel of such impressive machinery. With this in mind, organisers are quick to update those following the event and who are keen to catch a glimpse of the convoy on both its route and designated stop-overs. Day two and three overnights in Franschhoek provided an opportunity for both public viewing and a charity auction dinner for the participants. Breakfast plates cleared, and coffee consumed, the third day of the Cape 1000 saw the convoy visit the towns of Worcester, Tulbagh and Wellington before returning to the familiarity of Franschhoek. Parking the new Mercedes-Benz CLE package alongside the likes of the 1969 280SL Pegoda, 1972 350SL and SLS, I noted the subtle yet noteworthy odes to these legendary two-door stablemates within the packaging of the new car. As a reminder, the modern CLE badge was introduced as a means of combining the agility of the outgoing C-Class Coupé with the sophistication of the since-discontinued E-Class Coupé Ignoring the onboard navigation's suggested hour-long return trip to Cape Town, the final day of this year's Cape 1000 guided the convoy towards the West Coast town of Paternoster, including some welcome stretches of well-maintained country roads, where participants would once again need to navigate sections of regularity driving for the accumulation of points. Crossing the finish line at the V&A Waterfront, it's fitting that the ending point of such a spectacular four-day driving route is South Africa's most visited tourist attraction. Indeed, while events like the annual Mille Miglia continue to enthral with a combination of high-end cars and driving routes, with our climate, scenery, people and enthusiasm, it surely won't be long before entries for the Cape 1000 begin rolling in from across the globe. Mercedes-AMG CLE53 4Matic+ Joining the CLE200 and CLE300 4Matic, each available in Coupé and Cabriolet form, the new flagship CLE 53 4Matic+ ups the ante via suitably dynamic exterior upgrades compared with its siblings, as well as 330kW/560Nm application of AMG's turbocharged 3.0-litre inline six-cylinder engine. Torque is sent to all four wheels via a nine-speed AMG SPEEDSHIFT TCT 9G transmission, and its maker claims a 0-100km/h sprint time of just 4.2s. Find the full feature in the June 2025 issue of CAR Magazine. Click here and browse thousands of new and used vehicles here with CARmag! The post Mile High Club – 2025 Cape 1000 appeared first on CAR Magazine.
Yahoo
30-04-2025
- Automotive
- Yahoo
The Ferrari 296 Speciale in Photos
More from Robb Report Classic-Car Expert Simon Kidston on U.S. Tariffs, Collecting, and Why the Mille Miglia Beats Le Mans Ferrari's First EV Might Have Synthetic Gears How the Mazda Miata Became the Best-Selling Roadster in History Best of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article. The Ferrari 296 Speciale from the rear. The Ferrari 296 Speciale from above. The Ferrari 296 Speciale's interior and racing seats. The Ferrari 296 Speciale from the rear left. The Ferrari 296 Speciale's interior and steering wheel.
Forbes
02-04-2025
- Automotive
- Forbes
U.S. Tariffs Won't Impact Ferrari Sales, Profits Much
Ferrari F12 Berlinetta during the Mille Miglia race Italian luxury sports car maker Ferrari's U.S. sales and profits won't be hurt very much by whatever new tariff regime President Donald Trump finally introduces, according to analysts. Britain's financially troubled Aston Martin, which generates one-third of its sales in the U.S., looks a bit more vulnerable. The U.S. accounts for about 25% of Ferrari sales. The upcoming U.S. tariff regime changes, provisionally set at 25%, are being greeted often by commentators in Europe as Smoot-Hawley Act 2.1. This refers to tariffs introduced in 1930 which provoked a tit-for-tat global tariff war and stymied trade. This was said to have extended the Great Depression. President Trump has said he wants to level the tariff playing field to stop what he calls unfair treatment of the U.S. by some trading partners. This 25% auto tariff plan is an opening gambit in his bid to change what he considers to be unfair trading by the likes of the European Union. He wants to fix the unfair current tariffs – U.S. 2.5% vs EU 10%. But he also wants to eliminate non-tariff barriers, often obscure bits of European legislation that discriminate against U.S. autos and a range of other products. This suggests that the talks will be long and complicated. The EU denies its tariffs are unfair. For Ferrari the impact of a 25% tariff (compared with the current 2.5%) will be limited. HSBC Global Research pointed out that tariffs are based on imported value, not the ultimate sales price, 'so more modest price increases broadly cover the margin hit'. With the price of a Ferrari Purosangue SUV starting at around £315,000 ($408,000), these price hikes aren't going to make much difference. Investment bank UBS said increased U.S. tariffs will make a difference to Ferrari's global profits, but so will foreign exchange headwinds and it cut its EBITDA (earnings before interest, tax, depreciation and amortization) forecast for 2025 by 0.8 of a percentage point to 37.7%. Investment researcher Bernstein retained its 'Outperform' rating for Ferrari and the $575 price target. Ferrari's profits rose to €2.56 billion ($2.67 billion) last year. That's up modestly from 2023's EBITDA of €2.28 billion ($2.37 billion). Ferrari said its order book is full through 2026, and that all the production of 799 €3.6 million ($3.75 million) F80 supercars have been sold. Aston Martin DB11 Aston Martin was forced into raising more money last month with $162 million from its chairman Lawrence Stroll and the sale of its stake in his Formula 1 team. This was to cover increasing losses and mitigate U.S. tariffs, according to Reuters. Stroll has pumped about £600 million ($777 million) into Aston Martin since he took over in 2020. Stroll has increased his stake to 33% and is thinking about raising this to 35%. This prompted talk Stroll may be planning a takeover. Aston Martin reported an adjusted pre-tax loss of £255.5 million ($330 million) for 2024, compared to a £171.8 million ($222 million) loss the previous year. The company faced reduced demand in key markets such as China. Aston Martin has implemented cost-cutting measures, including a 5% reduction in its global workforce, aiming to save approximately £25 million, according to Reuters.
Yahoo
17-03-2025
- Automotive
- Yahoo
These Guys Drove a Real 1927 Bugatti—and More—over the Alps in Winter!
What used to be just one race a year—the revival of the Mille Miglia in Italy—has grown into a number of very fun events all over the world, from Mille Miglia tributes in China, Japan, the UAE, and even Florida, to the Coppa delle Alpi, a re-creation of a winter race over the Alps that started in 1921. This year, on March 13 in the city of Brescia (traditional start of the Mille Miglia), 40 cars took the green flag and headed north into the ice and snow of the frozen Alps. The entries included: four Porsche 356s, two Aston Martin DB4s (and a DB2), period-correct entries from Jaguar, Triumph, and Austin Healey, three Ferraris (two from the 1980s and a 348 from 1991), as well as a couple of Fiat 508 Cs. The goal on the morning of the first day was lunch in the ski resort town of Tirano (it's a civilized event, after all), followed by a charge over the Swiss border to St. Moritz, which had only weeks before hosted the GP I.C.E. Race. Next day was back into Italy, then over the Fuorn Pass to Austria and on to the Tyrolean town of Brixen. Saturday, March 15, may have been the best leg as the cavalcade of classic cars crisscrossed the spectacular Dolomites, topping the Sella Pass then threading the Fassa and the Fiemme valleys. The cars reached the beautiful Lake Serraia and then went on to Baselga di Piné, where the last lunch of the race was hosted. After reaching Trento back in Italy, the race ended with the award ceremony in Ponte di Legno on top of the final pass of the run: Tonale. No doubt named after the Alfa Romeo (or vice versa). We give you the detailed route in case you want to fly to Italy and rent a car for a week, which we would definitely recommend. While 40 cars started this year, the fifth running of this commemorative race, the Coppa will accommodate twice that. 'A maximum of 80 cars built up to 1990 will be accepted to the race, which will compete to win one of the 7 guarantees of acceptance to the 1000 Miglia 2026 up for grabs,' read the google-translated statement from event organizers. So you could potentially qualify for the Mille Miglia, the grandaddy of all great races. Plan now for next year. The tour enters Livigno, Italy, just a crankshaft's throw from rain, nor snow, nor dark of night...
