71 year old, ex F1 champion Eugenio Molinari set his 71st record yesterday morning on Lake Como in Italy. How, you may ask? Well, he navigated a Ferrari F430 powered Grantourismo boat to a new world record averaging a speed of 123,288 km/h (Endurance Group B class S1). The boat and engine are derived from serial production although the V8 (490 bhp at 8500 rpm) had to be slightly modified for its off shore ventures (further explained in the attached press release). Mr Molinari dedicated his 71st record to Luca di Montezemolo, the fearless Ferrari leader. His way to commemorate the 60th anniversary of the Prancing Pony. Press release and photos after the jump.

Ferrari F430 as GranTurismo Boat