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Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Celebrating the Bugatti clan at the Mullin Museum

Legend holds that Ettore Bugatti was at dinner with some of his wealthiest clients when an aristocratic lady -- who already owned numerous Bugattis -- lamented, "I want to buy another Bugatti…but I want the most luxurious car in the world. Too bad I have to buy a Rolls-Royce or a Hispano-Suiza." Ettore nodded politely, in that insouciant way that temperamental geniuses do in order to distance their own reactions, excused himself after dinner, ran to his hotel room, and drew what would become the Type 41 Royale -- the most astonishing, dramatic, expensive luxury car in the world. True to the name of the recent crop of limited-edition Veyron SuperSports (and what Veyron isn't a limited edition?), Bugatti traffics in legend.

AW Design Forum: Icon Aircraft banks on design and performance

Icon Aircraft is hard evidence that design can be a difference maker. The startup company plans to launch the Icon A5 amphibious aircraft by late 2011, and its eye-catching design and versatility--it can bank on water and fly--has created a stir among enthusiasts of all stripes. Its philosophy is simple: "Is it badass?