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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Reproducing reality – X-Rite’s Total Appearance Capture

Total Appearance Capture isn't some sinister new form of identity theft but a revolutionary method of digitizing physical models using a new scanning technology, with the ability to capture extraordinary detail and all input and output light. The system, from coatings color measurement experts X-Rite, combines color, texture, gloss and other surface characteristics into a digital material ‘description' that can be imported directly to computer-aided design programs. What sets it apart from previously available methods is its ability to collect information on complex materials such as textiles, leather, basketwork, stone, coatings and plated finishes, in a 3D scene lit by a virtual studio environment.

Exclusive: Derek Jenkins to become Design Director at Mazda

Derek Jenkins, former chief designer at the Volkswagen Group design studio in Santa Monica, will become the new Director of Design at Mazda's R&D Design Center in Irvine, CA. Jenkins, who resigned from Volkswagen on March 17th, will be filling the position previously held by Franz von Holzhausen, who left Mazda in August last year to become Design Director at Tesla Motors. "I'm excited to take on something new," Jenkins told CDN.