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Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.

NASCAR: Rule changes to be clarified

The 29th annual NASCAR Sprint Cup Series Media Tour opens on Monday in the Charlotte, N.C., area. It's a four-day smorgasbord of announcements, team-shop tours, optimistic predictions and the unveiling of new race-car paint schemes, team members and sponsorships. More than 150 writers, broadcasters and photographers will get a steady diet of claims such as “we're excited,” “we've been working harder than ever,” “we feel we've got everything in place” and “we can't wait to get started.” The tour will visit almost every team that plans to run the full series schedule in 2011, teams such as Earnhardt-Ganassi, Stewart-Haas, Penske, Michael Waltrip, Richard Childress, Kevin Buckler's TRG, Team Red Bull, Furniture Row, Richard Petty, Hendrick, Roush-Fenway and Joe Gibbs.

Lamborghini Huracán blasts into town

SUPERCAR specialist Lamborghini has finally taken the wraps off the replacement for the long-serving Gallardo. Called the Huracán, its looks might follow the same winning formula as the car it replaces, but its performance statistics blow the old car into the weeds. With a new V10 engine packing a mighty 602bhp punch, the Huracán has been tipped for a top speed ‘faster than 202mph’.