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The most expensive cars ever: Ferrari 250 GTO sells for $38 million
Fri, 15 Aug 2014By 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).
Goodwood Festival of Speed 2011 roundup & HUGE photo gallery
Mon, 04 Jul 2011Goodwood Festival of Speed 2011 with the E-Type sculpture outside the house It’s really quite hard to convey just how enjoyable the Goodwood Festival of Speed is to those who’ve never been. John waxed lyrical over the weekend (someone has to do the weekend news) saying that the Goodwood FoS is “Disneyland for petrolheads, with the world’s greatest cars and greatest drivers wallowing in three days of high-octane worship at the alter of the internal combustion engine” And he’s absolutely right, but there’s more to it than that. It it works because, despite the fame and ability of many of those who turn up to Goodwood every year, from Button to Moss and Evans to Martin, there is little in the way of them and us; it’s 180,000 diverse people drawn together by a common love of all things car.
Classic car prices on the up: Jaguar D-type sells for £3 million
Thu, 06 Feb 2014Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.