A Picasso painting owned by Andrew Lloyd Webber’s Art Foundation, which was at the centre of a dispute about its Nazi-era history, is to go under the hammer.

Lloyd Webber — composer of musicals like “Cats” — originally announced his intention to sell “Portrait of Angel Fernandez de Soto” for charity in 2006.

It was later withdrawn from auction after a claim that a previous owner, German-Jewish banker Paul von Mendelssohn-Bartholdy, had sold it under duress from the Nazi regime in Germany in the 1930s.

But von Mendelssohn-Bartholdy’s descendants reached an out-of-court settlement in the US in January with the Andrew Lloyd Webber Foundation, which is selling the picture, allowing it to retain ownership.

Paris haute couture week had to do without Christian Lacroix this past January, but while some are still bemoaning this fact, others are already preparing to cash in on the bankrupt designer’s legend: one of his collections for couture house Jean Patou will be auctioned in Paris this March.

Naomi Campbell and Lotus Cars are to auction eight specially-designed Evora sports cars to raise money for the relief effort in Haiti.

The “Naomi for Haiti” Evora sports car has been specially designed by Lotus Design Director Donato Coco to reflect Campbell’s “design direction” and features a colour scheme that reflects the flag of Haiti.

Eight of the vehicles will be auctioned at Naomi Campbell’s Fashion for Relief charity fashion show on the 18th of February at the London Fashion Week venue at Somerset House.

An extremely rare example of Ferrari’s legendary 250 GTO from 1963 is being offered for private treaty sale by RM Auctions.

The car, chassis no. 4675 GT, is one of only 36 250 GTOs originally produced and one of a limited few with Series II GTO bodywork.

“The Ferrari GTO is unquestionably one of the most iconic and coveted cars in the world,” notes Max Girardo, Managing Director of RM Europe.

Bonhams has confirmed that a bidder paid €260,500 for the remains of a Bugatti that was pulled from the depths of Switzerland’s Lake Maggiore after 73 years.

The price for the 1925 Bugatti Type 22 was even more astonishing given that it had a reserve price of between €70,000 and €90,000.

The final high bidders were divided in their plans for the vehicle, with the European winner planning to display the car in its present condition.

An extremely rare 1970s Swiss supercar prototype is one of the starring attractions at Bonhams’ Retromobile sale in Paris on Jan. 23.

To show the world that Swiss engineering could keep up with the likes of Lamborghini, Maserati and Ferrari, Peter Monteverdi built the Hai 450 in 1970.

Painted in a unique shade of magenta, the Hai 450 SS prototype debuted at the 1970 Geneva Auto Show.