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Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Ferrari P540 Superfast Aperta (2009) first pictures

A bespoke Ferrari built by the Italian supercar manufacturer's secretive Special Projects department has undergone its first shakedown test at the Fiorano test track. The Pininfarina-designed P540 Superfast Aperta was comissioned in 2008 by the necessarily wealthy Edward Walson, son of John Walson, the inventor of cable television. Based on the 599 GTB Fiorano, the one-off machine was inspired by a Carrozzeria Fantuzzi-designed model featured in the 1968 Fellini film Toby Dammit. 'I had always dreamed of designing sports cars,' said Watson. 'When I saw this film the decision came of its own accord: one day I would have 'my' Ferrari.

Hyundai Elantra

Hyundai is set to add another vehicle to its list of successes: the new Elantra, which was revealed at the LA auto show this year. Created by principal designer Cedric d'Andre, the Elantra was the last car conceived under the direction of Hyundai's former design boss, Joel Piaskowski. The new car shares the 'fluidic sculpture' design theme of its larger sibling, the Sonata and has an impressively low 0.28Cd.