This is a restomod Ferrari 360 Modena built by Caterham’s chief designer

This is the Ælla-60, and after a quick Google search and the close study of a YouTube video on pronunciation, we now know how to say the name of this new supercar, and also that it’s named after a medieval King of Northumbria. Hmm, catchy.

Anyway, the Ælla-60 is the work of a new company with a similarly snappy name: Art Machines by Anthony Jannarelly. Now, we’ll probably shorten that to just Art Machines for the rest of this story, but Mr Jannarelly is very important. He’s the chief designer at Caterham and was responsible for the rather lovely Project V, but you may also remember the 850kg, 325bhp Jannarelly Design-1 sports car that we drove back in 2020.

“A few years ago, I tried to design, build and market my own sports car, because I thought I could offer an alternative to today’s supercars, which lack purity and soul,” Jannarelly said.

“I succeeded, as evidenced by the Jannarelly Design-1 cars circulating worldwide. However, this adventure was never financially viable, because I came up against insoluble complications linked to the marketing and homologation of the car. With this experience, my team and I found a solution to bypass these difficulties.”

So, the difference with the Ælla-60 is that it isn’t a ground-up build. It may not look like it from the designs, but it actually started life as a Ferrari 360 Modena. Yep, it’s a restomod. Art Machines doesn’t admit that it’s based on a 360, but it’s fairly obvious given that the press release references “a sports car from the 1990s” and the technical specs show a 3.6-litre mid-mounted, naturally aspirated V8 and six-speed manual gearbox.

The Ælla-60 now makes 473bhp and weighs 1,130kg dry, so Art Machines reckons on a 0-62mph time of just 3.5 seconds if you can nail your shifts. It also imagines a “thrilling driving experience that recalls the greatest GTs from the past”.

The ‘retro-futuristic’ styling means it almost looks like a cross between the aforementioned Project V and Design-1. Jannarelly certainly has his style. Modern luxuries like air con and phone connectivity are included.

“Our idea is simply to take an already homologated and proven base and turn it into the ultimate original supercar, created without any compromise on design or driving experience,” says Jannarelly.

“It’s a dream car, truly usable by its owners, like the gentlemen drivers of the 1960s who drove their GTs to Le Mans to compete in the 24 Hours. It's a concept that combines design and lifestyle, for enthusiasts looking for emotions they can no longer find in today's car industry. Other limited series with a different design will follow.”

Art Machines actually plans to build 60 examples of the Ælla-60, with production looked after by Italian firm Podium Advanced Technologies (builders of the Eccentrica Diablo, Glickenhaus SCG 007C and Porsche 928 Nardone). Production will begin in 2026, with each car costing – we hope you’re sitting down – €865,000. That’s around £724,000. Yikes. Reckon it's worth 12 times the cost of a used 360 Modena?