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One lap of the Web: $52 million Ferrari 250 GTO, Alfa Romeo Montreal for sale and more bizarro engines

-- Even as the hammer fell on Juan Manuel Fangio's $30 million Mercedes-Benz W196R, we knew that that car wasn't the most expensive one ever sold -- it was merely the most expensive car sold at auction. Other cars were reported to have traded for a bit more in private sales. But now we have word of a car that absolutely blows the sale price of Fangio's little Silver Arrow out of the water: a 1963 Ferrari 250 GTO that sold to an undisclosed buyer for $52 million.

Gronholm makes explosive debut at Pikes Peak

By Alex Michaelides Motor Shows 24 July 2009 11:55 Finnish rally ace Marcus Gronholm averted disaster to make a promising debut at the 2009 Pikes Peak international hillclimb. The world rally champion’s attempt was severely hampered when the rear tyre of his Ford Fiesta exploded, forcing him to limp home to a still-respectable fifth position in a time of 11min 28.963sec. Japanese rally star Nobuhiro ‘Monster’ Tajima claimed first prize in his Suzuki SX4 with a time of 10min 15.368sec.

Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.