Headline

1962 Ferrari Auctioned For $51.7 mn In New York

Published

2 years ago

November 14, 2023

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby’s said.

The bright red roadster had been the property of an American collector for the past 38 years, and its auction price was surpassed only by that of a Mercedes 300 SLR Uhlenhaut Coupe that went for 135 million euros in 2022, the auction house said. That would be $144 million at today’s exchange rate.

The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby’s, the luxury car subsidiary of the auction house.

Sotheby’s did not identify the winning bidder.

Dating from 1962, the legendary Scuderia sports car — chassis 3765, four-liter engine developing 390 horsepower — had finished second in a race of 1,000 kilometers (620 miles) on the German Nurburgring circuit, as well as in the legendary 24 Hours of Le Mans, where the team had to withdraw due to engine failure, according to RM Sotheby’s.

After several years of competition on the Italian mainland and in Sicily, the car was sold and exported to the US in the late 1960s.

Restored and modified, the 250 GTO changed American owners several times before ending up in the hands of an Ohio “dedicated collector” in 1985, who sold it on Monday.

“This stunning GTO offers its next caretaker further touring and vintage racing enjoyment, or display at major concours d’elegance and marque gatherings worldwide,” Sotheby’s said.

The Mercedes 300 SLR Uhlenhaut Coupe that fetched 135 million euros in 2022 was one of only two examples of the sport car. It sold at a confidential auction at the German manufacturer’s museum in Stuttgart and was the most expensive car ever sold worldwide, whether at auction or privately, a RM Sotheby’s spokesman told AFP.

This week, New York auction houses Sotheby’s and Christie’s conclude their autumn season of art sales, which have not been affected by hard times and have raked in hundreds of millions of dollars since November 7.

Christie’s, which on Thursday sold Claude Monet’s “Le bassin aux nymphéas” (“Water Lily Pond”) for $74 million and three paintings by Paul Cezanne for $53 million, reported a total of $864 million by late Monday.

Competitor Sotheby’s, which closes its New York sales on Thursday, sold Pablo Picasso’s “Femme à la montre” (“Woman with a Watch”) on Wednesday for $139 million, the second-highest amount ever achieved for the Spanish master, who died 50 years ago.

Sotheby’s followed that sale on Monday with a Cezanne — “Peupliers au bord de l’Epte, temps couvert” (“Poplars on the banks of the Epte, overcast”) — to an Asian collector for $30.7 million.

An 1892 Monet, “Le Moulin de Limetz” (“The Mill at Limetz), in the same American family for 130 years, sold for $25.6 million.

And finally, American painter Mark Rothko broke his record for works on paper: “Untitled” was bought by an anonymous bidder in the room for $23.8 million.

The market is driven by China and Asia and shows no signs of slowing down, according to Sotheby’s, despite a tense international context.

“Whatever happens in the financial markets, a car of this caliber is a collector’s item, a once-in-a-lifetime opportunity,” Michael Caimano of RM Sotheby’s told AFP before the car sale, comparing the Ferrari to a work of art that “can be touched, felt and heard.”

Headline

Former NBA Player Ben McLemore Convicted Of Raping Incapacitated Woman

Published

4 hours ago

July 4, 2025

Editor

An Oregon jury found former Houston Rockets guard Ben McLemore guilty on Thursday of raping a woman in while playing for the Portland Trail Blazers in 2021.

Deliberations lasting around 10 hours after an 11-day trial concluded with the jury in Clackamas County finding McLemore, 32, guilty on one charge of first-degree rape, one charge of first-degree unlawful sexual penetration and one count of second-degree sexual abuse. He was found not guilty on an additional count of second-degree sexual abuse.

McLemore pleaded not guilty to all four counts before the verdict. His sentencing is scheduled for 10:30 a.m. Wednesday, July 9.

The charges stem from a report of sexual assault in Lake Oswego, Oregon, on Oct. 3, 2021. McLemore was identified as a suspect during a police investigation.

A Clackamas County grand jury heard evidence in the case in February 2024, which included testimony from the woman who said McLemore assaulted her. He was indicted and an arrest warrant was issued, according to Lake Oswego police. McLemore was arrested by U.S. Marshalls two months later.

Clackamas County prosecutor Scott Healy reportedly told jurors the victim found herself being sexually assaulted by McLemore while partially conscious the morning after a party.

Healy said that the victim had been drinking heavily at the party and had passed out on a living room couch at the party around 2 a.m.

McLemore’s attorneys reportedly disputed the victim’s account, claiming she had initiated sexual contact with McLemore and had consented to it. They also claimed that despite the victim and McLemore both being intoxicated, the victim was sober enough to consent.

McLemore played parts of two seasons with the Rockets from 2019-2021. He was the seventh pick in the 2013 draft out of Kansas and played for five teams across nine NBA seasons. After playing the 2021-2022 season with the Trail Blazers, McLemore went overseas to continue his playing career. He has played for teams in China, Greece, Spain and Turkey over the last three years.

Headline

Russia Launches Largest Assault On Ukraine

Published

4 hours ago

July 4, 2025

Editor

The Kremlin said on Friday that it sees no immediate diplomatic way out of the war in Ukraine, hours after launching its largest ever drone and missile barrage of the invasion.

The hours-long bombardments across Ukraine came just after a telephone call between the US and Russian presidents ended without any breakthrough.

AFP journalists in Kyiv heard drones buzzing over the capital and explosions ringing out throughout the night as Ukrainian air defence systems fended off the attack.

“We are interested in achieving our goals in the course of the special military operation and it is preferable to do it by political and diplomatic means,” Kremlin spokesman Dmitry Peskov told reporters, referring to its invasion, launched in February 2022.

“But as long as that is not possible, we are continuing the special operation,” he said in a briefing, including with AFP.

US President Donald Trump had said he made no progress in discussions one day earlier with President Vladimir Putin on ending the war, while the Kremlin vowed to pursue its war aims.

A senior Ukrainian official told AFP that Trump and Ukrainian leader Volodymyr Zelensky were planning to speak later on Friday.

Tymur, a Kyiv resident who said he had experienced previous Russian attacks, told AFP that the assault in the early hours of Friday was different.

“Nothing like this attack had ever happened before. There have never been so many explosions,” he said.

– ‘War and terror’ –
Zelensky said air alerts had begun echoing out across the country as the Trump-Putin call was getting underway.

“Yet again, Russia is showing it has no intention of ending the war and terror,” Zelensky said on social media.

“All of this is clear evidence that without truly large-scale pressure, Russia will not change its dumb, destructive behaviour.”

He urged the United States in particular to increase pressure on Moscow, which on Friday announced fresh territorial gains on the front line with the capture of a village in the Donetsk region.

Poland said its embassy building in Kyiv had been damaged in the attack but that staff were unharmed.

Germany’s foreign ministry meanwhile said that the timing of the attack — just after the leaders’ call — showed that Moscow “continues to rely on brute force”.

“Ukraine needs more to defend itself, not less,” the ministry said on social media.

A government spokesman said Germany was exploring the possibility of purchasing more Patriot air defence systems from the United States for Ukraine.

Zelensky said 23 people were wounded in the barrage, which the air force said comprised 539 drones and 11 missiles.

A representative of Ukraine’s air force told Ukrainian media that the attack was the largest of the Russian invasion, launched in February 2022.

– ‘Complete disregard’ –

Overnight Russia attacks have escalated over recent weeks.

An AFP tally found Moscow launched a record number of drones and missiles at Ukraine in June when direct peace talks between Kyiv and Moscow appeared to stall.

In Kyiv, AFP journalists saw dozens of residents of the capital taking shelter in a metro station.

Yuliia Golovnina, who said she shelters at the metro regularly, described to AFP the worry that comes with hearing an explosion during an attack.

“Will there be another one? Will something collapse on you?” the 47-year-old said.

“So in those seconds, you just hold your breath and wait to see what happens next,” she added.

In Kyiv, concerns mount over whether the US will continue delivering military aid, which is key to Ukraine’s ability to fend off the drone and missile barrages.

The US announced this week it was reducing some of its aid deliveries.

European Commission President Ursula von der Leyen said this was a clear signal that the 27-nation European Union needed to “step up”.

Ukraine has also ramped up its retaliatory strikes in Russia, where a woman was killed when a Ukrainian drone crashed into an apartment building, the acting regional governor in Rostov said.

Talks, spearheaded by the United States to secure a ceasefire, have stalled but Ukraine and Russia announced a fresh swap of prisoners of war with Ukraine.

The two sides said it was part of agreements reached during talks in Istanbul last month.

AFP

Headline

We’re Ready To Start Gaza Ceasefire Talks ‘Immediately’ – Hamas

Published

4 hours ago

July 4, 2025

Editor

Hamas said Friday it was ready to start talks “immediately” on a proposal for a ceasefire with Israel in Gaza, after holding consultations with other Palestinian factions.

“The movement is ready to engage immediately and seriously in a cycle of negotiations on the mechanism to put in place” the terms of a draft truce proposal received from mediators, the militant group said in a statement.