800 Ferrari’s (NYSE:RACE) Paraded the High Banked Daytona Speedway

800 Ferrari’s (NYSE:RACE) Paraded the High Banked Daytona Speedway

800 Ferrari’s (NYSE:RACE) Paraded the High Banked Daytona Speedway

$RACE

The Ferrari Finali Mondiali 2016 was held on 1-4 December at Daytona International Speedway in Florida.

This is the 1st time the premier event was held in the Americas.

Scuderia Ferrari drivers, Sebastian Vettel, and Kimi Raikkonen finished the 4-day event with an exhibition at the iconic high banked circuit.

Messers Vettel and Raikkonen provided a show behind the wheel of the 2 Ferrari F60 Formula 1 racers, demonstrating blinding starts, lightning fast pit stops along with The Scuderia mechanics and of course the traditional burnouts.

Before returning to pit lane, thet drove side-by-side over the finish line in a tribute to the famous parade finish of the 3 Ferraris at the 24 Hours of Daytona in 1967.

This edition of  the Ferrari Finali Mondiali opened up with a tribute to Ferrari’s other achievement at Daytona in Y 1998 when the F333 SP was the 1st to cross the finish line.

7 of these cars paraded on the track for the American fans who saw them win so many races in the mid-nineties.

Then it was the GT drivers’ turn at the wheel of the 488 and 458 Italia machines in which Christina Nielsen also lapped, newly crowned winner of the IMSA championship in the GT-D class with the 488 GT3.

More celebrations were staged Saturday evening

The biggest parade of Ferraris ever seen on an American track took to the iconic circuit, with more than 800 cars driven by their owners.

This was followed by a dinner where Ferrari CEO Sergio Marchionne, invited those in attendance to the charity auction for a 1-Off LaFerrari. The car hammered for $7-M, money that will be used for in central Italy struck by the earthquake last Summer/.

The F1 Clienti and Programmi XX clients went back on the track, once again giving the fans the thrill of seeing in action so many of the racer that have characterized recent years in F1, as well as the powerful FXX K machines, boasting more than 1,000 hp and hybrid technology derived from Formula 1.

The event marked the 1st time modern Ferrari F1 race cars lapped Daytona Speedway.

Drivers rapidly became comfortable with the high-speed curves and 31-degree banks. The roar of engines being pushed to the limit filled the Speedway as the cars raced on the iconic track.

Ferrari also staged the Inaugural Ferrari Classiche Concours during the Finali Mondiali at the weekend.

With 73 cars entered into the Classiche Concours, the standards were high under IAC/PFA guidelines, with many rare and special cars displayed.

The ‘Ferrari Classiche Enzo Ferrari’ award for the overall Best in Show went to long-time collectors, Brian and Kimberley Ross for their Y 1947 166 MM Touring Barchetta s/n 006 (I looked at that car in Y 1969 and did not buy it for $5,000), while a 330 P4 Drogo Spider won the award for ‘Most Historically Significant Ferrari’.

The award for the ‘Most Elegant Classiche Certified Ferrari’ went to a 1957 250 GT Cabriolet Pinin Farina Spider Series 1, while the award for ‘Best of Show Ferrari Classiche Preservation Award’ went to a Y 1972 365 GTB/4 Daytona.

Two separate Ferrari 400 Superamericas each won an award: a 1961 Pinin Farina Cabriolet won the ‘Best of Show Ferrari Classiche Road Ferrari’ and a Pinin Farina Aerodinamico 400SA alloy body, also a Y 1961, won the ‘Best Concours Prepared Classiche Ferrari’. Phil Bachmann won the award for ‘Spirit of Show’.

In Y 2017, the Ferrari World Finals will return to Italy at Mugello. See you there.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 56.77 8 December 2016 -0.18 56.66 56.97 56.44 456,600
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.35) Bullish (0.31) Bullish (0.42) Bullish (0.33)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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