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1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's
1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's
Business and Economy
by  AFP

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 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.

Argentina inflation hits new high before presidential vote
Argentina inflation hits new high before presidential vote
Business and Economy
by  AFP

Argentina's annual inflation rate has hit 143 percent, the statistics agency announced Monday, just days before a presidential election in which the dire state of the economy will be a deciding factor. The national statistics agency reported that inflation over the past 12 months had risen 142.7 percent, up from 138 percent in September.