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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).

You asked, Raynal answered

The grousings of editor Wes Raynal usually are reserved for the AutoWeek staff. But this Friday, readers joined in the fun, in a live Web chat with Wes. Which car would he buy--the Ferrari FF or the Lamborghini Aventador LP700-4?

First Sight: Audi A3 Interior Revealed at CES [w/video]

It says a lot about where the automotive industry is today that Audi chose to unveil the new A3 interior here in CES, rather than a few days earlier at the North American International Auto Show in Detroit. In the process the firm also inadvertently unveiled the exterior design of the next generation of the 3-door hatch through the high quality renderings used in the menus of the new MMI system. The new MMI system comes with an enlarged, raised center clickwheel that is topped by a touchpad.