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Bonhams sets a new record price for the legendary Audi Sport Quattro, joined by the 1983 championship-winning Group B rally machine at the Goodwood Members' Meeting this past weekend in the UK.

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Aston Martins don't fetch as much at auction as classic Ferraris, but this unmodified DB5 convertible set a new world record, bringing in $2.14 million when Bonhams dropped the hammer in Paris recently.

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Bonhams is auctioning a DAP kart driven by late Formula One legend Ayrton Senna in 1981 at the World Championship in Parma, Italy. It's the last kart race Senna entered before switching full-time to Formula Ford 1600.

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Between Barrett-Jackson, RM Auctions, Gooding & Company and Bonhams, this weekend saw over $292 million in classic cars and trucks change hands in Scottsdale, Arizona. These are the top ten most valuable lots, a list dominated by Ferraris – starting with the $9.6-million 250 LM.

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If you look at the $1.35 million price tag on the new LaFerrari and wonder how Ferrari can possibly charge that much for a single car, you could look at the prices of its competitors like the McLaren P1 that lists for almost as much at $1.15 million, you could look to the $2.5 million which Ferrari is said to have charged for the exclusive F60 America – or you could look at the prices at which LaFerrari's predecessors are still trading. Take, for example, this Ferrari F40 which, 25 years s

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The classic Ferrari broke the world record for cars sold at auction

A 1962 Ferrari 250 GTO broke the record for cars sold at auction when it went for $38 million Thursday night at a Bonhams auction during Monterey Car Week.

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This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips – a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold fo

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Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.

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It's not every day that a Ferrari 250 GTO changes hands. It is, after all, one of the most highly coveted cars ever made, and there were only 39 of them built in the first place. So when one goes up for sale, it tends to fetch millions. Tens of millions, actually, and the prices keep escalating.

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Among all the action at the Goodwood Festival of Speed this past weekend, Bonhams held its classic car auction, bringing in a massive $38.4 million in sales. And this was undoubtedly the highlight.

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Lamborghini may have made headlines with the highly exclusive, $4.5-million Veneno and the even more expensive Veneno Roadster that followed, but when it comes to classics sold at auction, their prices seldom approach the kind of figures attained by rare classics made by arch-rival Ferrari. Early 350 GTs and rare Miuras (like the SV prototype Gooding sold a few years ago for a record $1.7 million) have been known to breach the seven-figure mark, but now the Countach is making its way into the bi

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Think of Roger Moore zipping around Europe in an Aston Martin thwarting evil plans, and you'll probably think James Bond, right? Wrong. Because though 007 has driven a variety of Astons in the various films over the years, none of those were in the Moore era. He drove a Chevy Impala in Live and Let Die, a Mercedes in The Man With The Golden Gun, a Lotus Esprit in both The Spy Who Loved Me and For Your Eyes Only, a Range Rover in Octopussy and a Ford LTD in A View to a Kill. But that wasn't the o

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The concept of a televised classic car auction is really a fairly recent phenomenon. Some of the greatest or most significant sales of all time exist only in stills and in the memories of the people who were there. Here are ten for the ages:

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If you caught the German Grand Prix this year, then you got to see the reigning multiple World Champion Sebastian Vettel win his home race for the first time. In fact, Germans got to see one of their own win the race for the first time since Schumacher took the checkered flags at both the German Grand Prix (at Hockenheim) and European Grand Prix (at the Nürburgring) way back in 2006.

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It's rare to see an entire racing team's collection go up for auction at once, but that's just what happened this past weekend at Bonhams' new headquarters in London, where the above Ecurrie Ecosse collection brought in top dollar (or pound, anyway).

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John, Paul, George and Ringo, the four men that made up The Beatles, lived in an interesting time when it came to the cars on offer. Power was cheap and fuel was cheaper, while the designs were some of the finest in automotive history. With fame and money, they could have nearly any car the 1960s auto industry could come up with, up to and including what you see above – a 1964 Facel Vega Facel II. This particular example was owned by Ringo Starr, and will be going up for auction at Bonhams

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Economic downturn? What economic downturn? You certainly wouldn't know it from looking at the ever-escalating prices classic cars are fetching at auction. Just ask the people at Bonhams. The noted auctioneers recently set the record at $29 million for the most expensive car ever sold at auction with Juan Manuel Fangio's 1944 Mercedes-Benz W196R, and they also lay claim to the most expensive Aston Martin, Austin-Healey, Bentley, Jaguar, Lagonda, Lotus, Maserati, Rolls-Royce and Talbot-Lago models

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Scotland may not be the first country that comes to mind when you think of motor racing, but maybe it should be. Dario Franchitti, Jackie Stewart and Allan McNish - all of them three-time champions in their respective disciplines - hail from Scotland. But back in the 1950s and '60s, Ecurie Ecosse represented the country well in sportscar racing.

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Like a scene out of Forza Horizon, finding something like an ultra-rare 1972 Lancia Stratos is a dream. The Ferrari-engined, Bertone-bodied rally car is one of the automotive highlights of the 1970s, winning the World Rally Championship three straight times (1974, 1975 and 1976). And while there were some 492 road cars produced, none were formally exported to the United States. Which makes the appearance of this red, Stradale variant quite a find.

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Rare gems of automotive history are always popping up at the Bonhams auction at the Goodwood Festival of Speed, but the racecar you see above just made a little more history. This Mercedes W196R was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races, and when the hammer fell at auction yesterday, the $29.65 million price it fetched made it the most expensive car ever sold at auction. It's also earned the honor of being the most expensive F1 car ever sold and the m

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Fans of old military vehicles might want to pay extra close attention to the Greenwich Concours d'Elegance coming up this weekend. Crossing the Bonhams auction block on Sunday are a pair of seemingly flawless World War II Jeeps, which are both expected to fetch serious dollars.

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