A Cherry-Red 1955 Ferrari Sells for $22 Million
A 1955 Ferrari 410 Sport Spider sold for $22 million Saturday at an RM Sotheby’s auction in Monterey, Calif., as collectors race to buy cars priced like Picassos.The cherry-red race car was the closely watched star of Monterey Car Week, a series of nearly $500 million in glitzy car auctions that coincide with a car competition known as the Pebble Beach Concours d’Elegance. Collectively, the weekend serves as the equivalent of the Kentucky Derby for car aficionados, with events running through Sunday. The sale comes as…