A new sculpture to celebrate the 50th anniversary of the iconic Jaguar E-type has been unveiled at Goodwood on the first day of the Festival of Speed.

The monument, built out of piping, soars 28 meters into the sky in front of Goodwood House and will be one of the first things to greet visitors arriving to the motoring festival, which kicked off June 30.

The piece was created in the model of an up-ended E-type by the sculptor Gerry Judah, using steel supplied by another offshoot of Jaguar’s parent company, Tata.

China has overtaken the United States as the biggest auction market for art and collectable objects, after its sales more than doubled in just one year.

A report for the CVV (the French Auction Market Authority) said sales in China, including Hong Kong, grew 137 percent in 2010 to 10.8 billion dollars.

China now holds 34.3 percent of global market share, compared to 24.2 percent in 2009, said the authority, a public body that regulates the auction industry in France.

Bombay Sapphire has launched a global campaign called ‘Infused With Imagination’ that pays tribute to the heritage and the origin of the luxury spirits brand.

The artwork was created by a group of designers, led by Darren Simpson, and is formed through a series of illustrated panels decorated with a total of 75,000 crystals.

Illustrator Yehrin Tong was inspired by the definition of infused to create a dream-like image that “feels like an organic mixture of images both natural and mythical”.

British fashion photographer John Rankin created a collection of 100 images to celebrate 100 years of Rolls-Royce, inspired by the Spirit of Ecstasy.

The two photos in this series which have been released, features Rankin’s wife Tuuli Shipster, a model.

He has photographed her in close-up as well as in full-length picture in sensual profile draped in fabric, reminiscent of the original Spirit of Ecstasy.

The world’s largest artificial floating island has finished its first week as a major new tourism attraction in Seoul, South Korea.

Seoul‘s Han River will eventually be home to a floating archipelago of three man-made “islets”, but the first island, Viva, opened to the public last week.

At 3,271 square meters, it is the second-largest of the three and is home to a three-storey structure housing a 700-seat convention hall and several other attractions such as restaurants and video games.

Dean and Dan Caten of label Dsquared2 have unveiled the exclusive Life Ball Mini 2011 in Vienna, the latest in a series of designers to have added their touch to the iconic car. Here, a look at some of the models over the past decade.