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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).

How to become a motoring journalist - and win £2000

If you read CAR Magazine and CAR Online, are aged between 17-23, are based in the UK with a UK passport and fancy becoming a motoring journalist yourself, get ready to enter the industry's biggest award for budding young car writers. The UK's Guild of Motoring Writers and Jaguar have launched the 2011 Sir William Lyons Award to find the best talent of tomorrow. There's a £2000 prize - and the chance to get on the radar of the biggest car magazines and their editors.

A14 to become world’s first wifi road?

Around 70 miles of the A14 between Cambridge and Felixstowe is to become a ‘smart road’ fitted with sensors that monitor traffic movement. These sensors will generate highly accurate information about the level of traffic congestion, which is then wirelessly transmitted to a central control system in order to automatically adjust the variable speed limit. On Bing: see pictures of smart roads Find out how much a used Smart car costs on Auto Trader Sounds quite cunning, really.