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2007 Bugatti Veyron Sets Auction Record with $2 Million Sale
Read the full story on Modern Car Collector A 2007 Bugatti Veyron 16.4 has set a new benchmark for the model at auction, selling for a staggering £1,527,000—equivalent to just over $2.04 million—during Bonhams' prestigious sale at the 2025 Goodwood Festival of Speed. Modern Collector Essentials: The Best Products for Cars with Matte Paint or Satin Wraps The hammer price marks the highest amount ever paid for a standard-production Veyron at public auction, surpassing previous records by a significant margin. While special-edition models like the Veyron Super Sport or Grand Sport Vitesse have fetched lofty sums in private sales, this standard 16.4 coupe now stands as the most expensive example of its kind ever publicly sold. Originally launched in the mid-2000s, the Bugatti Veyron 16.4 revolutionized the hypercar world with its 8.0-liter quad-turbocharged W16 engine producing 1,001 horsepower. It was the first production car to exceed 250 mph, and its blend of engineering, performance, and exclusivity cemented its place in automotive history. Just 450 Veyrons were produced globally across various trims between 2005 and 2015. The record-breaking 2007 example featured low mileage and a pristine factory-correct condition, making it particularly attractive to collectors. While Bonhams had estimated the car would sell for a figure well below its final bid, spirited competition among bidders quickly pushed the price skyward. 10 Must-Have Tools and Gear for the Modern Car Collector (Amazon Edition) Auction observers note the sale as a strong indicator of the market's growing appetite for early-2000s hypercars. With values for models like the Ferrari Enzo and Porsche Carrera GT already surging, the Veyron's newfound status as a record-breaker could signal broader appreciation for the era's groundbreaking performance machines. This latest milestone confirms that, nearly two decades after its debut, the Veyron still commands awe—and astonishing prices. Follow us on Facebook and Twitter
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24 minutes ago
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Innovations in Stablecoins 2025: New GlobalData report alert
The US and UK are recording the fastest growths in crypto penetration in 2025, because of the sector's increased mainstream promotion and supportive institutional and regulatory sentiment in the West. Although still lagging many emerging economies, the US's crypto product holding rate increased to 23.5% in 2025, while UK holding nearly doubled to 18% from 10% last year, according to the annual Financial Services Consumer Survey by GlobalData, publishers of RBI. GlobalData's latest report, 'Innovation in Stablecoins 2025', reveals that while these fixed-value digital assets (stablecoins) will inevitably disrupt the payment space in the future, for now just a third of global crypto holders are paying for goods and services with cryptocurrencies, while only 17% are using them for P2P transfers. With growing regulation as well as institutional and retail interest, the most pressing challenge for wider adoption today is stablecoins' interoperability with traditional currencies and payment rails. Retail costs related to on- and off-ramping between fiats and digital currencies are still higher or at par with existing money movement methods, which outweighs stablecoins' benefits for small-scale transactions, until exiting the DeFi ecosystem (i.e., off-ramping) is required. Scale: the real utility of stablecoins Blandina Szalay, Banking & Payments Analyst at GlobalData, comments: 'The real utility of stablecoins today is in scale. So-called stablecoin sandwiches bring about numerous benefits for large cross-border institutional transfers. Converting a fiat to stablecoin then back to another fiat currency can circumvent the inflated foreign exchange fees of correspondent banking—a key source of TradFi institutions' income still.' The other key benefit on the institutional side lies with the virtually limitless real-time movement of funds facilitated by blockchain. Unlocking this instantaneous liquidity largely improves cash flow management, in contrast to the traditional settlement times of 2–5 business days. There is further potential to profit from funds moving freely overnight and weekends, to leverage the highest-yielding money market opportunities. Local liquidity challenges-especially in emerging markets Szalay continues: 'Beyond these benefits, local liquidity poses challenges too, specifically in emerging markets, where retail demand for stablecoins is also the strongest. Despite all benefits of a stablecoin transfer, off-ramping coins to some local emerging market currencies is challenging, so the tokenisation of non-reserve currencies is expected to fold out soon, to mark a next step in the global stablecoin push.' On the retail front, stablecoins promise democratised access to financial services and the US dollar for anyone around the world. Beyond payments players, large and small banks are now attempting to jump on the stablecoin train too—currently driven by crypto-native first movers—in fears over funds disintermediation. Szalay concludes: 'Stablecoins sit in a very interesting position in between TradFi and DeFi. While the underlying blockchain technology will be able to create unprecedented benefits in the future of financial services, stablecoins have clearly parted with the original founding ideology of cryptocurrencies, as the ever-stronger involvement of state regulators and traditional financial institutions in this space shows. "Innovations in Stablecoins 2025: New GlobalData report alert" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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24 minutes ago
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TSMC, Saudi Aramco and Diageo: Trending Tickers
Chipmaker TSMC (TSM) reports a trade secrets leak, oil giant Saudi Aramco ( announces a profit decline for the 10th straight quarter and drinks maker Diageo (DGE.L) is set to cut more costs. Sign in to access your portfolio
