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Veneno Roadster, One:1, One-77, LaFerrari, P1, Veyron headline 25-car Bonham's auction

Bonhams is holding a no-reserve auction in fall 2019 that includes some of the most valuable and sought-after supercars of the past decade. The lot of 25 beautiful collector items includes a Lamborghini Veneno Roadster, a Koenigsegg One:1, an Aston Martin One-77, a Ferrari LaFerrari, a McLaren P1, and a Bugatti Veyron. The collection, which was seized from a corrupt politician from Equatorial Guinea, is valued at roughly $13 million. If selling off future classics that are still in their infancy as collector items seems strange, it's because this is not a straightforward situation. These cars will be sold off by the State of Geneva, not a person. The collection was previously owned by the vice president of Equatorial Guinea, Teodoro Obiang, but the cars were seized when he was placed under investigation for money laundering and unfair management of public interests. These 25 cars, which were located in Geneva, were first sequestered in fall 2016. A trial court ordered them sold off, and the money earned from the sales would be invested in social programs that benefit Equatorial Guinea. And so, Equatorial Guinea is about to see an influx of cash, as every vehicle is valued in the hundreds of thousands, if not millions, of dollars. The rarest might be the Koenigsegg One:1. One of only six remaining, it has 371 miles on the dial, and is valued at roughly $1.8 million. The Lamborghini Veneno Roadster, one of nine in the world, is a close second. It has 202 miles logged, and is valued at about $5.1 million. The Aston Martin One-77 is another rare bird. It is example No. 35 of 77, holds a 7.3-liter V12 engine, and is valued at about $1.4 million. A McLaren P1, Ferrari LaFerrari, and Bugatti Veyron 16.4 round out the top of the list. The remaining cars are not fully detailed, but they include examples from Mercedes-Maybach, Bentley, Maserati and Porsche. The auction will take place on Sunday, Sept. 29, at the Bonmont Golf & Country Club near Lake Geneva. For more photos and information, visit Bonhams.

Porsche Cayman GT4 Clubsport delivers track-only thrills for $165K

Among the cars on display in Los Angeles, production and concept cars are normal. Racers, though, are rather rare. And race-specific models that can be had for less than $200,000 are more or less unheard of. Don't tell that to Porsche, though, because the German automaker has introduced the new Cayman GT4 Clubsport for the relatively reasonable sum of $165,000. For that supercar-worthy price, you'll be getting a number of race-derived parts. As we covered in our preview post, that will include a strong roster of safety equipment, including a full roll cage and six-point harnesses that will keep you pinned in a purposeful racing bucket. The standard 18.5-gallon fuel tank can be replaced with an optional 26.5-gallon setup, while a central fire extinguisher keeps things from getting too hot out on the track. Mechanically, the Clubsport adjusts the Cayman GT4 formula for the track. The road car's 3.8-liter flat-six engine is still mounted amidships, but it's paired with super-quick, six-speed dual-clutch transmission, the critically acclaimed PDK. It's the suspension, though, that sees the most dramatic changes, as Porsche has pressed the front and rear strut suspension from the 911 GT3 Cup into duty for the GT4 Clubsport. The new system is lighter, and contributes to the track star's 2,866-pound curb weight. That's nearly a 100-pound drop over the road car. A set of four 15-inch steel rotors clamped by six-piston calipers up front and four-piston units in the rear should deliver stopping power as impressive as the cornering and acceleration. Amateur racers interested in the new coupe can purchase it directly from Porsche Motorsports North America for competition in the 2016 racing season. Homologation is still being hammered out, but Porsche expects the GT4 Clubsport to be certified for the "VLN Long Distance Championship Nurburgring, the Ultra 94 GT3 Cup Challenge Canada, the PCA Club Racing Cayman GT4 Clubsport Trophy East as well as for other club-level competition events around the world." Read on for the official press release. New Porsche Cayman GT4 Clubsport for the racetrack World premiere in Los Angeles LOS ANGELES, Nov. 18, 2015 /PRNewswire/ -- Porsche has added a new sports car for amateur and club racing to its Motorsports fleet: The Cayman GT4 Clubsport celebrated its world premiere today at the Los Angeles Auto Show.

Felicity Ace sinks with thousands of VWs, Porsches, Lamborghinis

The stricken ship Felicity Ace sank overnight after a week of salvage efforts ultimately proved unsuccessful. The ship, which was carrying up to 4,000 VW Group cars, went to the bottom unexpectedly while a salvage team was attempting to tow it to shore, Bloomberg reports.  "Initial reports from the local salvage team state that the vessel had sunk at around 9AM local time having suffered a list to starboard," Mitsui O.S.K. Lines transportation company (MOL), which owns the Felicity Ace, said in a statement released early Tuesday.    "The last vessel position was around 220nm off the Azores," MOL said. "The salvage crafts will remain around the area to monitor the situation. Further information will be provided as it becomes available." The ship sank after being battered by waves and listing 45 degrees to starboard, the ship’s operator said. “The weather was pretty rough out there,” Pat Adamson, a spokesperson for MOL Ship Management (Singapore), a unit of Mitsui OSK Lines Ltd., said by phone. “And then she sank, which was a surprise.” VW, Porsche, Audi, Bentley and Lamborghini-branded models were aboard the ship, which was headed to Rhode Island from GermanyÂ’s Emden port when the fire broke out on Feb. 16.  Rough seas and ongoing fires fueled by the lithium-ion batteries of EVs onboard delayed the ship's salvage and recovery operations for the better part of a week. While the likelihood of salvaging the smoke and potentially fire- and water-damaged vehicles from Felicity Ace's hold was slim to none, some had held out hope that their special-ordered vehicles might survive the mishap.  The Panama-flagged Felicity Ace was safely evacuated of its 22 crew members by the Portuguese navy after a fire started in its hold more than a week ago. The ship can carry up to 4,000 cars. European carmakers declined to discuss how many vehicles and what models were on board, but it appears to have been transporting approximately 2,500 cars, including roughly 1,100 Porsches and an undetermined number of Volkswagens.  The cars aboard were on order. Porsche customers in the United States were being contacted by their dealers, the company said. “We are already working to replace every car affected by this incident and the first new cars will be built soon,” Angus Fitton, vice president of PR at Porsche Cars North America, Inc., told The Associated Press in an email. The ship sank in water nearly 10,000 feet deep, the Portuguese Navy said.