A collective sigh of relief went out over the Monterey Peninsula Monday morning. The sky hadn't fallen, Ferrari owners weren't seen with signs saying "will work for a new set of Pirellis," nor was RM offering rebates of up to $100,000 plus gas at $2.99 a gallon for a year with the purchase of a Duesenberg.

CARROLL SHELBY’S FIRST RACE CAR TO CROSS THE BLOCK IN VEGAS

Cars That Matter has just learned that Carroll Shelby’s first race car, a 1948 MG-TC has been consigned to Barrett-Jackson’s Las Vegas auction this October.