Red Ferrari Leads Way in $400 Million Classic Car Sales

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A $38.1 million Ferrari 250 GTO Berlinetta led the annual parade of classic car auctions in California to a record tally of almost $400 million.

The sales at Bonhams, Gooding & Co.,and RM Auctions were part of the six-day auto extravaganza, which ended yesterday, in the coastal towns of Carmel and Monterey and at the ocean-side Pebble Beach golf course.