A fleet of luxury sportscars has been involved in one of the most expensive accidents in history after an astonishing multi-car pile-up in Japan.

The wreck included several Ferrari 355s, Ferrari F430s, Ferrari F360, Ferrari F512, Lamborghini Diablo and three Mercedes models as well as a Nissan Skyline.

The Ferrari driver reportedly lost control round a wet curve of China Road in Yamaguchi Prefecture when he hit a median creating a catastrophic chain reaction.

The special edition of the Ferrari FF showcased in the annual Neiman Marcus Christmas Book, was sold within fifty minutes on Thursday, October 27, 2011.

Despite a price tag of $395,000 (or $95k more than a dealer-purchased Ferrari FF), the 10 available cars sold out in less than an hour!

The Neiman Marcus FF will come in an elegant Grigio Caldo exterior color and with a matching luggage set to compliment the Ferrari’s treated leather interior.

Swiss luxury watchmaking brand Hublot announced at the Guangzhou International Auto Show that the brand has become the watchmaking partner of Ferrari.

Hublot took this occasion to unveil the Big Bang Chrono Tourbillon Ferrari; the first Hublot timepiece made with its partner.

There will only be 20 of the Big Bang Chrono Tourbillon Ferrari timepieces available, which also marks the 20th anniversary of the automaker’s presence in China.

Ferrari plans to create one of the world’s most exclusive collector car clubs, according to reports.

The brand is looking to create a new group of its most elite customers who will be offered the best opportunities to get their hands on limited-edition models.

Ferrari plans to open it only to people who possess at least five of the eye-wateringly expensive Italian supercars. That amounts to around 300 people around the world.

This is a coffee table containing the compacted remains of a Ferrari inside constructed by designer Charly Molinelli.

He came up with the idea after a customer asked him to design something “a bit special” for their front room.

He then sourced a wreck and built a wooden cabinet on wheels to present to his client – although the price of the swanky piece is unknown.

Porsche and Ford have become the latest brands to offer customers the chance to pick their dream cars via online configurators.

Brands are increasingly tapping the internet to let customers design their perfect model without even leaving the house.

The trend was originally started by Bentley, which has allowed customers to design their own hand-built luxury models for some time now at bentleyconfigurator.com.