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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).

'Top Gear' caught testing McLaren P1

The “Top Gear” boys were hanging in Belgium this week, shooting for the 21st season of the British television show. Some time next season we'll see the guys test this McLaren P1, caught by an observant YouTube poster. The video starts with the crew ogling the P1 supercar in the garage at the Spa-Francorchamps circuit, before the camera car, a matte black Mercedes SUV, and the McLaren hit the track.

Lotus Evora & Evora S Sports Racer revealed

Lotus has revealed a special edition of the Evora – the Evora Sports Racer – with extra kit and special colours. Available as Evora or Evora S. Lotus is not having the easiest of times of late (has Lotus ever had any easy time?) with most of the news from Hethel being about ex-CEO Dany Bahar or the will they/won’t they be sold on or closed down by new owners DRB-HiCom.