1962 Ferrai 250GT Pininfarina Cabriolet Series II

Not all classic Ferraris are atrociously expensive, although it is a fairly good indication that the cars are certain to significantly increase in value once the recession subsides. At the Hamptons Auto Classic on June 13 in Bridgehampton , NY, some of the big wigs who’ve sold their fancy residences there are evidently selling off their classic car collections too.

One of the stars of the show is this 1962 Ferrari 250 GT Pininfarina Cabriolet Series II, estimated at just $525,000 – $575,000 while 250 GT spyders regularly bring seven figures. One of only 200 built, the car has had full restoration to very high show standards.

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There are many specified places throughout Europe which are either totally vehicle free or at least have restrictions on vehicles at particular times. And now Times Square in New York will follow their example. The Department of Transportation has announced a plan to make Times Square and Herald Square on Broadway more of a pedestrian plaza by forbidding cars from there.

According to them, this will cut down pollution, make traffic flow smoother and reduce accidents. These car free zones are going to be introduced today and the Transport Commissioner, Janette Sadik-Khan, said that the operation will be closely monitored.

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