An Italian Ferrari model car arrives on September 8, 2017 at the Corso Sempione in Milano as it makes its way to Maranello, the home of Ferrari, for a meeting of 500 vehicles to celebrate Ferrari's 70th anniversary. / AFP / MIGUEL MEDINA
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It's the black prancing horse's 70th birthday and gleaming Ferraris are out in force in Italy this weekend to celebrate.It all started when Enzo Ferrari, a racing driver, formed the "Scuderia Ferrari" ("Ferrari Stable") in 1929 and prepared and fielded Alfa Romeo racing cars.It was not until 1947 that the first Ferrari (125 S) was born -- designed by Ferrari, produced at the Maranello factory and bearing the brand's symbol, a black horse on a yellow background, bordered by the colours of the Italian flag.The cars were, and still are, reserved for a "happy few" willing and able to shell out at least 150,000 euros ($180,000) -- or over one million euros for limited series editions.Patience is a must: Ferrari boss Sergio Marchionne said last year the waiting list for a Ferrari 488 was three years.
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