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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).

German Grand Prix (2012) RESULT

With Alonso on pole and Vettel alongside – and rain in the air – is the 2012 German Grand Prix going to be Silverstone repeated? Qualifying for this year’s German Grand Prix in Hockenheim was a rather damp affair, with final qualifying run in a monsoon. A monsoon that saw Fernando Alonso put his Ferrari on a convincing pole with the Red Bull of Sebastian Vettel alongside.

BMW Adds Two New Exhibits to Museum

BMW added two new exhibits to its Museum in Munich, Germany this past weekend, designed to showcase the automakers forward thinking ambitions towards lightweight, efficient vehicles. Called the Simple and Clever concepts, the three wheeled urban contraptions were designed as a research exercise to make maneuvering in urban areas easier and more energy efficient. The Simple concept - an acronym of the project name 'sustainable and innovative mobility product for low energy consumption' - combines features and advantages from both automobiles and motorcycles and is powered by a 36kW combustion engine and an electric motor.