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FERRARI 250 GTO HEADED TO AUCTION

Ferrari, 250 GTO, Formula One, F1

The Ferrari 250 GTO is one of the most coveted examples of Ferrari’s golden era of racing, with only 39 examples ever made. It is extremely uncommon for one to come up for auction and when they do, they tend to fetch a large amount of cash.

During most of the 1980s, the 250 GTO was selling in the six figures. By 1989, a Ferrari 250 GTO sold at auction for $10 million with a second example selling a few months later for $13 million. By 2012, the price for a GTO at auction was around $35 million with even one example selling for an astonishing $52 million.

Bonhams auction house has gotten its hands on an extremely rare example that is rich in racing history; chassis number 3851 GT will be auctioned off at the Quail Lodge during Monterey weekend next month.

Chassis number 3851 GT is the 19th example of the Ferrari 250 GTO and was released for sale on September 11, 1962. The initial owner was a French racer named Jo Schlesser, who died in an experimental Honda F1 car six years later at the French Grand Prix. The Ferrari 250 GTO was later crashed at the Montlhery Autodrome and then repaired at the Maranello factory and returned to completion the following year. In 1965, Fabizio Violati became the owner and kept the 250 GTO is his collection until his death in 2010, making this the longest single-owner GTO in existence.

FERRARI PRESIDENT NAMES FERNANDO ALONSO THE “BEST DRIVER IN THE WORLD”

Fernando Alonso, Ferrari, Formula 1, F1

Ferrari president Luca di Montezemolo made a surprising declaration during an interview with an Australian journalist that Fernando Alonso is the “The best driver in the world.” Ferrari then issued a press release to praise Alonso and repeat the claim that Alonso is the best.

“Fernando is the best driver in the world, who always gives 200% in the races,” said Montezemolo.

“He knows how much I count on him, even away from the race track, in terms of his contribution and the impetus he gives to the team.

“I think it’s incredible that there are still some so-called experts who don’t understand that and are always looking for a polemical situation that simply doesn’t exist.

“The truth is that he and Kimi, another incredible driver, need a competitive Ferrari and giving them that is our sole objective.
“We are working very hard, starting with Marco Mattiacci, who knows what needs to be done and who will instigate many changes at a technical and organizational level and in speeding up the decision-making process.

“That’s what I want, as do our drivers and our fans, while all the rest is just idle chat.”

KIMI RAIKKONEN REMAINS POSITIVE THAT THINGS ARE STARTING TO CHANGE FOR FERRARI F1

Kimi Raikkonen, Formula One, F1, Ferrari, Grand Prix of Monaco

Kimi Raikkonen remains confident that Ferrari has what it needs to return to championship form and that changes/improvements have been made to salvage the 2014 season while remaining focused on improving qualifying times for the prestigious Grand Prix of Monaco.

The 2007 World Champion remained at the Circuit de Catalunya to participate in both days of testing with the new Ferrari racer, the F14 T. The focus on qualifying is very important to Ferrari with the ability to pass at Monaco being so challenging, a good qualifying position is almost required to have a solid finish. After the two days of testing, Raikkonen sees signs of overall improvement.

“Qualifying can have a big effect on the outcome, an area on which we are doing our utmost to improve,” Raikkonen told Ferrari’s official website.

“After the race, we stayed on in Barcelona for the test, which was reasonably positive: we had problems at the start, but by the end, I can say I was pleased with the work we managed to get through.”

“The F14 T is improving and I am sure that, step by step, the results will come, but we must push harder to get them.”

The Grand Prix of Monaco will prove to be a very important race for Ferrari, an event that Ferrari has not won in 13 Years.

FERRARI CHARIMAN LUCA DI MONTEZEMOLO HINTS AT POSSIBLE INCREASE IN F1 BUDGET TO ATTRACT TOP TALLENT SUCH AS RED BULL ENGINEER ADRIAN NEWLEY

Adrian Newey, Ferrari, Formula One, F1

Ferrari Chairman Luca di Montezemolo has suggested that he is willing to increase Ferrari’s budget to get the Formula One team back to its winning ways. One of these budget busting attempts may include going after the highest paid engineer in Formula One, Adrian Newey.

Ferrari definitely has the money to go after Newey, The Financial Times states that Ferrari recorded “record revenues, profits and cash flow” last year, with a net profit well over $330 million.

Spending more to get Formula One talent is not the only change that Ferrari has made lately in an attempt to save the 2014 season. Ferrari recently fired team boss Stefano Domenicali. Suspicions that Montezemolo was willing to increase the Ferrari budget were the results of a quote posted by the La Gazzeta dello Sport that stated, “Given heavy investment and F1, which requires an exceptional effort economically to recover the gap to the opposition.”

CHANGES TO FORMULA ONE RULES FOR 2014

Formula One, F1, Rules 2014The 2014 Formula One race year is definitely shaping up to be a “Silly Season” due to all the driver changes taking place. It seems that 2014 may also be a “Silly Season” due to some very significant rule changes passed down by the FIA on 9 December 2013, after being approved by the Formula One Strategy Group and the Formula One Commission. Here is a recap of two of the more significant changes that are taking place.
Double Points for Last Race: The decision has been made to double the points value of the last race of the season creating a last race bonus opportunity for race teams fighting for the title. The hope is that by awarding a double points kicker in the last race that the championship will come down to the wire. The other races in the season will still be referred to as grands prix, with the season finale becoming a grand epreuve, a term used in early grand prix racing to denote those events with added championship weight. Concerns exist as to how this new rule will effect situations such as mechanical failure during the last race of the season. Under the new rules, mechanical failure during the last race of the season will be twice as damaging to the championship points as a mechanical failure that happens earlier in the season.
Introduction of Mandatory Cost Cap for 2015: This is without a doubt the single most important rule change to be made in quite some time. Race teams and the governing body of Formula One have six months to figure out just how the cap will be enforced, and what the spending limits will be for the first year and whether those spending limits will remain the same for future years going forward. We anticipate that race teams will be very passionate about expressing their concerns over how these cost restrictions should be implemented. Expect well-funded teams like Ferrari, Mercedes and Red Bull to be extremely expressive towards their concerns about leveling the playing field when it comes to money.

UPDATE- FORMULA ONE 2014 DRIVER LINE-UP

FORMULA ONE, F1,So far 18 drivers have been confirmed for the 2014 Formula One season leaving only 4 seats vacant.
Confirmed Drivers For the 2014 Season:
Jean-Eric Vergne France Toro Rosso-Renault (Signed deal for 2014 season)
Danill Kvyat Russia Toro Rosso-Renault
Adrian Sutil Germany Sauber-Ferrari (Signed deal this month to move to Sauber)
Nico Hulkenberg Germany Force India-Mercedes (Singed multi-year deal to re-join Force India this month)
Sergio Perez Mexico Force India Mercedes (Singed multi-year deal with Force India this month)
Kevin Magnussen Denmark McLaren-Mercedes (Signed with McLaren in November 2013)
Jenson Button Britain McLaren-Mercedes (Continuing multi-year deal signed in 2011)
Pastor Maldonado Venezuela Lotus-Renault (Signed deal for 2014)
Romain Grosjean French Lotus-Renault (Signed deal for 2014)
Kimi Raikkonen Finland Ferrari-Ferrari (Signed two year deal in September)
Fernando Alonso Spain Ferrari-Ferrari (Has contract thru 2016)
Nico Rosberg Germany Mercedes-Mercedes (Continuing contract signed in 2011)
Lewis Hamilton Britain Mercedes-Mercedes (Signed thru 2015)
Daniel Ricciardo Australia Red Bull-Renault (Signed multi-year deal in 2013)
Sabastian Vettel Germany Red Bull-Renault (Under contract till 2015)
Felipe Massa Brazil Williams-Mercedes (Signed multi-year deal in 2013)
Valtteri Bottas Finland Williams-Mercedes (Has contract for 2014)
Jules Bianci France Marussia-Ferrari (Has deal for 2014)
Daniil Kvyat Russia Toro Rosso-Renault (Signed deal in 2013)

Retirement
Mark Webber Australia (Making move to Porsche in different series)

Felipe Massa to Leave Ferrari in 2014

Felipe Massa to Leave FerrariFelipe Massa to Leave Ferrari in 2014

Felipe Massa will make the move to Williams in 2014, bringing with him experience to the struggling race team in hopes of returning Williams to championship form.  Ferrari has announced earlier this year that Kimi Raikkonen will be returning to Ferrari in 2014 as teammate to Fernado Alonso. Massa, a 32-year-old Brazilian will replace Venezuelan Pastor Maldonado who has been ineffective at Williams since relationships between driver and team broke down earlier this year. Continue reading “Felipe Massa to Leave Ferrari in 2014” »

Kimi Raikkonen to Drive for Ferrari in 2014, Signed Thru 2016

KIMI RAIKKONEN TO DRIVE FOR FERRARI IN 2014

KIMI RAIKKONEN SIGNS WITH FERRARI THRU 2016

Ferrari Scuderia announced that Kimi Raikkonen will be rejoining Ferrari in 2014.  Raikkonen won the 2007 Formula 1 World Championship driving for the Italian Marque.  Kimi will be replacing Brazilian Felipe Massa who has underperformed his entire career with Ferrrari. Continue reading “Kimi Raikkonen to Drive for Ferrari in 2014, Signed Thru 2016” »

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