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Filed under: Classics, Auctions, Ferrari 1967 Ferrari 275 GTB/4 Berlinetta - Click above for high-res image gallery While the iconic 250 series of 1960s-era Ferraris - including the GTO, California Spyder and Testa Rossa - continue to break records at auction, the models that followed are quickly catching up, as those who lusted after them in their wonder years are coming up with the cash to acquire them today. As with any great collector cars, the more perfect and more rare the specimen, the more it'll fetch at auction. Case in point, three classic Ferraris hovering around the 40-year-old mark each sold for seven figures last week at the RM Auctions Amelia Island event in Florida. One example, a rare Daytona Spyder once owned by Edsel Ford II, brought in $1,017,500 - safely inside the $1-1.25 million estimate range. Another, an alloy-bodied 275 GTB/4 in stunning copper, which was purchased new by Luigi Chinetti and displayed at the 1967 New York Auto Show, went for $1,265,000 - a little short of its estimate. It was bested, however, by a meticulously-restored, concours-winning 275 that greatly exceeded its estimate with a $1,650,000 winning bid. Along with the headline-catching Duesenbergs, these classic cavallinos helped RM achieve an 88% sale rate at Amelia Island, accounting for over $19 million in sales. Further details in the press release after the jump. Gallery: 1972 Ferrari 365 GTB/4 Daytona Spyder, ex-Edsel Ford II Gallery: 1967 Ferrari 275 GTB/4 Alloy Berlinetta, ex-Luigi Chinetti Gallery: 1967 Ferrari 275 GTB/4 Berlinetta [Source: RM Auctions]Continue reading 3 classic Ferraris break the million-dollar mark at Amelia Island3 classic Ferraris break the million-dollar mark at Amelia Island originally appeared on Autoblog on Sun, 21 Mar 2010 18:06:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

NEW YORK (Reuters) - The former chief executive of American International Group Inc, Maurice "Hank" Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS.