Ralph Lauren's one of his car collection in pictures

Most would recognize Ralph Lauren as the personality behind the famous Polo fashion label, but few would suspect that Lauren also has a car collection to rival the likes of Jay Leno or an Arab Sheikh. The native New Yorker is an avid car nut like many of us, only he has the means to afford most of the cars that we can only lust over.

Together with the Discovery Channel, Lauren has now opened the doors of his private collection to the public for a new documentary called Speed, Style and Beauty: Cars from the Ralph Lauren Collection that aired over the weekend. We watched it... in high-def... it was awesome. Some of the more notable vehicles in the collection include a Bugatti Veyron, an ultra-rare McLaren F1LM (one out of only five cars), one of the first supercharged Bentley's ever created and two Ferrari 250 Testa Rossas.

Thanks to our friends at World Car Fans, we've assembled a gallery of Lauren's prized possessions. While not as fun as watching the cars idle around Lauren's property in high-def, the photography is still incredible.

Most Expensive Cars In The World: Top 10 List 2009-2010

World's Most Expensive Cars

What is the most expensive car in the world? The 1931 Bugatti Royale Kellner Coupe was sold for $8,700,000 in 1987. However, that car and many alike will not be included in this list because it is not available on the market today. It is hard to imagine someone would actually spend 8 million dollars on a car instead of using it for something more productive. However, if you have the money and the opportunity, you will definitely spend a small fraction of it to place a few of these supercars in your garage. Here is the 10 most expensive production cars on the market.

1. Bugatti Veyron $1,700,000. This is by far the most expensive street legal car available on the market today. It is the fastest accelerating car reaching 0-60 in 2.6 seconds. It claims to be the fastest car with a top speed of 253 mph+. However, the title for the fastest car goes to the SSC Ultimate Aero which exceed 253 mph pushing this car to 2nd place for the fastest car.

2. Lamborghni Reventon $1,600,000. The most powerful and the most expensive Lamborghini ever built is the second on the list. It takes 3.3 seconds to reach 60 mph and it has a top speed of 211 mph. Its rarity (limited to 20) and slick design are the reasons why it is so expensive and costly to own.

3. Mc Laren F1 $970,000. In 1994, the McLaren F1 was the fastest and most expensive car. Even though it was built 15 years ago, it has an unbelievable top speed of 240 mph and reaching 60 mph in 3.2 seconds. Even as of today, the McLaren F1 is still top on the list and it outperformed many other supercars.

4. Ferreri Enzo $670,000. The most known supercar ever built. The Enzo has a top speed of 217 mph and reaching 60 mph in 3.4 seconds. Only 400 units were produced and it is currently being sold for over $1,000,000 at auctions.

5. Pagani Zonda C12 F $667,321. Produced by a small independent company in Italy, the Pagani Zonda C12 F is the 5th fastest car in the world. It promises to delivery a top speed of 215 mph+ and it can reach 0-60 in 3.5 seconds.

6. SSC Ultimate Aero $654,400. Don't let the price tag fool you, the 6th most expensive car is actually the fastest street legal car in the world with a top speed of 257 mph+ and reaching 0-60 in 2.7 seconds. This baby cost nearly half as much as the Bugatti Veyron, yet has enough power to top the most expensive car in a speed race. It is estimated that only 25 of this exact model will ever be produced.

7. Sallen S7 Twin Turbo $555,000. The first true American production certified supercar, this cowboy is also rank 3rd for the fastest car in the world. It has a top speed of 248 mph+ and it can reach 0-60 in 3.2 seconds. If you are a true American patriot, you can be proud to show off this car.

8. Koenugsegg CCX $545,568. Swedish made, the Koenigsegg is fighting hard to become the fastest car in the world. Currently, it is the 4th fastest car in the world with a top speed of 245 mph+, the car manufacture Koenigsegg is not giving up and will continue to try and produce the fastest car. Good luck with that!

9. Mercees Benz SLR McLaren Roadster $495,000. A GT supercar, the SLR McLaren is the fastest automatic transmission car in the world with a top speed of 206 mph+ and reaching 60 mph in 3.8 seconds. It is a luxurious convertible with a really powerful engine, which results in outstanding performances and style.

10. Porsche Carrera GT $440,000. A supercar with dynamic stability control and a top speed of 205 mph+ and it can reach 0-60 in 3.9 seconds. The Porsche Carrera GT applies the absolute calibers of a true racing car to offer an unprecedented driving feeling on the road.

F1 reaches compromise; Mosley to step down

PARIS (AP) — A breakaway Formula One series was averted Wednesday when Max Mosley ceded to the rebel teams' demand that a planned budget cap be scrapped and the FIA president said he won't seek re-election.

Mosley will immediately take a back-seat role until his 16-year reign ends in October — a move that will help to end the acrimonious atmosphere that has blighted F1 in recent months.

STANDINGS: Formula One points

"There will be no split. There will be one F1 championship in 2010," Mosley said at FIA's Paris headquarters.

"They've got the rules they want and they've got the stability. We've got the new teams and we've got the cost reduction."

FIND MORE STORIES IN: Renault | McLaren | Bernie Ecclestone | Max Mosley | BMW Sauber | British Grand Prix | John Howett | Luca di Montezemolo | Team Toyota Europe

Mosley backed down on the voluntary $65 million budget cap at the World Motorsport Council. Instead, teams were given a watered-down order to reduce costs to early 1990s levels.

But the Formula One Teams Association, which instigated the breakaway, had already implemented a series of cost-cutting measures themselves this season amid the global economic downturn, restricting on-track testing and the use of wind tunnels for aerodynamic testing.

Further efforts to create savings on engines and gearboxes in the next three years had already been announced by FOTA in May to help attract new teams. Campos Meta, Manor and Team US F1 will make their debuts next season. Additional cuts are expected to be agreed to Thursday at a FOTA meeting in Bologna, Italy.

"I am pleased FOTA's proposals have been endorsed and approved by the WMSC today," said John Howett, FOTA's vice chairman and Toyota Motorsport president. "We look forward to working with the FIA Senate to achieve a prosperous and exciting future for Formula One and its millions of fans around the world."

FOTA's members — Ferrari, McLaren, BMW Sauber, Renault, Toyota, Red Bull, Toro Rosso and Brawn GP — opposed the budget cap because it would have given those who signed up greater technical freedom than those who refused, creating a two-tier championship next season.

"We're very happy that common sense has prevailed as I always believed it would because the alternative was not good at all," said Bernie Ecclestone, F1's commercial rights holder. "Everything is in good shape."

The FIA also expects the teams to sign on to a new Concorde Agreement, the confidential commercial document governing the sport.

Last weekend's British Grand Prix had been overshadowed by the split between the FIA and FOTA members, some of whom were branded "loonies" by Mosley after their decision to form a rival series.

Mosley announced plans to sue FOTA on Friday, but backed down 48 hours later when he insisted that a deal was close.

What will help heal the rifts is the departure of the often divisive Mosley after four terms. His leadership style was criticized as too autocratic and was blamed by many of the teams for precipitating the split between FOTA and the FIA.

Even as the crisis intensified over the weekend, Mosley was still planning to run for a fifth term.

But he said Wednesday: "The teams were always ... going to get rid of me in October. Whether the person who succeeds me will be more to their taste than I am remains to be seen."

Mosley has been the president of the FIA, the international automobile federation that governs Formula One, since 1993. FIA Senate president Michel Boeri will effectively be in charge until the election.

"It is a great relief and that is going to enable me to take a step back for the summer," Mosley said. "I will be able to look at Formula One knowing it's peaceful and stable, and I will be able to stop — as was always my intention — in October of this year."

"This for me is an enormous relief," Mosley added, referring to "personal difficulties" he has faced.

His son, Alexander Mosley, was found dead at his luxury apartment May 5 after an accidental drug overdose.

The 69-year-old FIA president, the son of former British fascist leader Oswald Mosley, was at the center of a media frenzy last year when a tabloid newspaper reported he took part in a sadomasochistic orgy with five prostitutes in London. A video of the incident was widely circulated on the Internet.

Mosley successfully sued the News of the World for invasion of privacy.

The episode brought calls for Mosley's ouster as FIA president, but he won an overwhelming vote of confidence to stay on.