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.

Hailed the world’s most expensive and precious car model by Guinness World Records, this creation is based on the Lamborghini Aventador LP 700-4.

The car was crafted by Robert Gülpen — who has also created miniatures of the Mercedes Benz 500 SL and Aston Martin DB5 from precious metals and gems.

The Lamborghini is made from carbon fibre like the original and its shell was milled using computer modelling data handed over from the Italian car manufacturer.

Lamborghini claims to be the first company to utilize carbon fiber material in fashion accessories with their new line of fashion bags.

The bags will come in various styles – Travel, Messenger, and Envelope – with each completed in hand-stitched leather with palladium-finish galvanized brass accessories, hand-mounted studs, and cotton lining.

The colors of the bags are then highlighted by the diagonal graphite reflections, turn reflected by carbon fiber.

China looks set to claim another crown in the battle for supremacy in the luxury markets of the world as the country’s interest in supercars continues to grow.

China knocked the United States off its perch as the world’s leading car market two years ago – sales there now surpass 18.26 million units per year.

It seems that tastes in the country are turning now to the very high-end of the auto market, an area long dominated by the Americans.

The ASUS-Automobili Lamborghini VX7 has come speeding onto the UK market.

Fans of the iconic Italian brand, especially those who can’t afford the cars’ million-dollar price tags, can bring a piece of grand touring tradition into their office.

The laptop offers a distinctive outer-casing design, a 15.6″ display, dual 750GB hard drives and quad-core 2nd generation Intel Core i7 processors and is the world’s first laptop with dedicated NVIDIA GeForce GTX 460M graphics.

Lamborghini announced this week that it is considering adding an “everyday” car to its portfolio, raising figurative eyebrows across the internet.

For a brand long associated with the most expensive things in life, Lamborghini’s announcement at a Reuters summit seemed a little out of character.

But, argued Lamborghini boss Stephen Winkelmann, the brand wants to have something that can be used on a daily basis.

It will be the third model line from Lamborghini, which currently offers the €145,000 Gallardo and €225,000 Aventador.