Car Mat King Buys $70m Ferrari: Jared Paul Stern is reporting on CNN that David MacNiell just bought one of the one of the 39 Ferrari GTOs produced between 1962 and 1964. The founder and CEO of WeatherTech, has privately purchased for “a reported $70 million for a Tour de France-winning 1963 Ferrari 250 GTO. The vehicle, with the chassis number 4153 GT, is believed to be the most expensive car in the world. […] His collection also includes a 1960 Ferrari 250 GT Berlinetta SWB, which just won best in class at the 2018 Concorso d’Eleganza Villa d’Este, as well as a stable of other “prancing horses” including a 250 GT Lusso, 275 GTB, 365 GTB/4 “Daytona,” F40, and F50.” …

Brook Hazelton to Leave Christie’s in September: Christie’s CEO Guillaume Cerutti informed his staff this morning that President of Christie’s Americas has decided to leave the company at the end of the Summer:

• “after a successful tenure that saw Christie’s increase our client focus to achieve market leadership in all major departments, while increasing profitability. Notable achievements include an Americas regional office restructuring, the launch of our Los Angeles gallery and the modernization and renovation of our New York salerooms.  It has been a great pleasure working with Brook over the last several years and I appreciate his dedication to Christie’s and his many contributions to our business, including his engaging auctioneering. Please join me in wishing Brook all the best in his future endeavours.” …

Jen Zatorski Made President of Christie’s North & South America: Christie’s CEO Guillaume Cerutti announced today that Jennifer Zatorski would assume the role of President of Christie’s North & South America working closely with Chairman Marc Porter.

• Ms. Zatorski has built her career at Christie’s in the U.S. over the last 25 years. During that time, she has held senior leadership roles in Finance, Business Management, and the Commercial Office. Most recently, she was President, Specialist Art Departments, overseeing the global expansion of collecting categories across the company’s auction, private sales and e-commerce channels. …

Jho Low to Cooperate with Malaysian 1MDB Probe: Early Thursday morning Bloomberg shared the news that Jho Low had instructed his lawyers to contact the Malaysian Anti-Corruption Commission. A few hours later news leaked that the authorities had issued an arrest warrant for Low Taek Jho and are preparing warrants for two others, including a Goldman Sachs banker:

• The Malaysian Anti-Corruption Commission has also issued an arrest warrant for Nik Faisal Ariff Kamil, a former official at a 1Malaysia Development Bhd. unit, according to one of the people. The agency is preparing warrants for the fund’s ex-chief, Shahrol Halmi, and Roger Ng, a former Goldman Sachs banker focused on Malaysia who left the firm in 2014, the people said. The four individuals haven’t been charged with any wrongdoing, and it isn’t clear what suspicions underpin the warrants.

Low’s well-publicized purchases of art and New York condominiums has raised questions about his role in the disappearance of billions of dollars from the 1MDB development bank.