1953 Ferrari 250 Milie Miglia Berniletta is an uber rare masterpiece from the house of Ferrari. It’s scheduled to go on auction at the Kidston event in Geneva later this year. The price of this Ferrari is estimated to be around $4.3 million. The car is made with the charismatic styling cues of the Berniletta range of Ferraris. It was the first one to be campaigned by noted driver Pierre Noblet. It has been restored with new components, replacing its engine, clutch, gearbox and suspension.

Jerry Koza, a Czech designer has created a sleek line of kid’s torpedo scooters, which he called Torpedo. Made for the uber rich kids. this will certainly make the neighborhood children envy as it looks awesome in a sleek shape with glossy colors and expensive. A perfect addition to your kid’s luxurious toy collection, this scooter is available in various colors including purple, yellow, red and other color patterns that recall raceing cars. It is inspired by the old racing car designs, which he has blended with modern colors and a streamlined shape. $1100.

Audi has released its drop-top version of R8, whi. They call it the Audi R8 GT Spyder, a limited edition supercar that will surely blow you away. It is powered by a 5.2-liter V10 engine that can cruisoe from 0-62mph in just 3.8 seconds. It is a four-wheel-drive that is coupled with a standard-fit six-speed R tronic ‘box with launch control, carbon fiber-reinforced polymer panels on the sides and rear, quattro all-wheel drive, an automated six-speed R tronic transmission with paddle shifters, round exhaust tailpipes, dark LED tail lights in a clear-glass design, a Bang & Olufsen sound system. Limited to just 333 units. TBA.

Blinged Maybach 62-S Saloon is a custom car made for those auto connoisseurs. it is the Maybach 62-S Saloon Diamond Version that was unveiled at the renowned Hotel du Cap-Eden-Roc in the southern France city of Cap d’Antibes. It boasts with diamond studded armrest situated at the backseat of the car and future plans to introduce versions of this automotive marvel like an option to add gemstones and precious rocks embedded in them. It could be placed on the seats, the gear shafts or even the steering wheel of the car.

Mercedes-Benz Aria Concept is a mix of luxury and eco-friendliness. It’s a futuristic green car concept that will remind you of the SilverFlow concept we saw back 4 years ago. Designed by Macedonian design student Slavche Tanevski, this Mercedes-Benz Aria Concept is a luxury car that runs on electric power and is said to be inspired by the flying hair and musical instruments. It is still in the works at the Mercedes-Benz Design Studio under the valued supervision of the company’s design chiefs and designers.

Volkswagen finally ended the speculations about a rumored release of a high-performance Polo R variant. With the entrance into the WRC, VW is readying a new Polo hot hatch. Reports are saying that this new Volkswagen Polo R WRC will be entering into the WRC, and oh.. you’ve gotta love its wide body! However, they have not confirmed to the public who will drive the car but according to reports, VW will start racing by the end of the year with a full 12 months of work before going for a title in 2013.

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Just so you know, the most expensive Lamborghini is the Sesto Elemento! And according to the Lamborghini, this baby will soon hit the shelves late this year. This car concept has turned heads when it was presented a year ago in Paris. According to reports, it’s already in the advance stages of development, and the car is made using composite materials, from the carbon fiber monocoque body shell to the suspension parts made of forged carbon fiber. It will run on a V10 engine taken from the Gallardo LP570-4 Superleggera that will deliver 570hp will power the Sesto Elemento. ~$2.8M.