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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Ferrari

Why auto lovers are celebrating a new kind of old Ferrari

By Ryan Daly
August 14, 2015, 4:57 PM ET
A rare 1961 Ferrari 400 Superamerica Coupe in Fort Lauderdale, Fla.
A rare 1961 Ferrari 400 Superamerica Coupe in Fort Lauderdale, Fla., June 25, 2015. The rare Ferrari, which remains largely untouched from the day it left an Italian dealership, will take its place among a special group of cars at the Pebble Beach Concours d?Elegance, where it will be admired by the world?s most discerning car collectors. (Oscar Hidalgo/The New York Times)Photograph by Oscar Hidalgo — The New York Times/Redux
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This weekend’s Pebble Beach Concours D’Elegance auto show will feature a new kind of old Ferrari: unrestored.

Among the classic cars to be featured at the annual event will be a rare 400 Superamerica Ferrari, believed to be the only such Ferrari built with an aluminum-alloy body. And perhaps most interestingly, it remains largely unrestored.

“The Ferrari is a dazzling example of an emerging kind of vintage car, where original condition, even with flaws in paint and upholstery, is valued over pristine restoration,” writes The New York Times.

This preservationist mentality is growing among auto aficionados, resulting in the creation of a new “preservation” class at Concours D’Elegance this year.

“Because this preservation class is happening at Pebble — and because these are Ferraris — the significance is huge,” David Gooding, president of automotive auction house Gooding & Company, told the Times. “It shows how much our ideas are changing about what a classic car should look like, how it should be maintained and repaired, and what it is worth.”

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