Check out these classic Ferraris that just sold for millions at auction in California

Monterey Car Week was in full swing this weekendin Northern California. The annual gathering of car nuts features events, debuts of new models, and of course auctions.Bonhams concluded its Quail Lodge Auction on Friday, highlighted by a 1959 competition Ferrari 250, beautifully restored, that sold for $8,525,000 (see above).Have a look at that exquisite car, plus many of the other classics that compelled collectors to part with some big bucks. Ferraris dominate the collecting scene these days. And there was no shortage of them at Car Week.SEE ALSO:Check out the hottest cars from the 2014 auctionsWe'll start with some very special. This 1959 Ferrari 250 GT Competizione Alloy Berlinetta sold for $8,525,000. It had a glorious racing heritage.But let's not forget about more modern Ferraris. Here we have a 1985 Ferrari 288 GTO, and it went for $2,365,000. Bonhams wrote: "The last few years have seen the 288 GTO rightfully assume its status as a truly collectible icon, by merit of its modest production, iconic design and blistering performance." According to the auction house, only 36 of these cars can be found in the US.A similarly styled car to the 288, this 1987 328 GTS went for $82,500. That's a massive bargain, by the standards of collectible cars from the Prancing Stallion.See the rest of the story at Business Insider NOW WATCH: James Altucher defends his outrageous claim that you shouldn't invest in your 401(k)
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