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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).

Faralli and Mazzanti Antas V8

Farralli and Mazzanti, an Italian classic car restoration company, has created their first touring car, the Antas V8. Exhibited the other side of the border from Villa d'Este at the Top Marques exhibition in Monaco, the Antas V8 is also the first car created entirely in-house by Farralli and Mazzanti. Powered by a Maserati V8 - with carburettors - the Antas V8 is inspired both philosophically and materially by past 'special series'.

Cadillac ELR – a Chevy Volt in posh clothes – confirmed

The Cadillac Converj is going in to production as the Cadillac ELR When GM revealed the Cadillac Converj Concept at Detroit in 2009 it all looked very promising. But it came to nothing, despite rumours it was going in to production. But now it is going in to production, as the Cadillac ELR.