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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).

Video: Looking back at 50 years of the Jaguar E-type

Jaguar's continuing commemoration of the 50th anniversary of the iconic E-type shined in the Big Apple last week, with a celebration of the car's 1961 premiere at the New York auto show. AutoWeek associate publisher Dutch Mandel, himself an E-type owner, attended the anniversary party and gives us some perspective on the car's importance to enthusiasts in this video montage.

Classic Car Boot Sale returns to London

Fans of vintage cars, fashion and memorabilia will have all their wishes met at next month’s Classic Car Boot Sale, returning to London’s Southbank Centre. Following the inaugural event last year that attracted over 8,000 visitors this year’s event has been extended over Saturday 15th and Sunday 16th March. Located along the riverfront at Southbank Centre between the Queen’s Walk, Hungerford Bridge and Jubilee Gardens, the Classic Car Boot Sale will have an interesting mix of fashions, homeware and memorabilia, all sold from the boots of classic cars.