cowell460WM.jpgcowellcar460WM.jpgImages courtesy of Mr. Paparazzi

Simon Cowell is hard at work at the North London Studios gearing up for the UK's The X Factor auditions, and the reality show judge isn't afraid to show off what his millions can buy ... a sexy black Ferrari.

Cowell says in addition to the UK version of The X Factor, he's been working non-stop on the U.S. version, as well.

American Idol executive producer Nigel Lythgoe recently said in an interview that Idol will be the top show next year, not The X Factor.

In response, Cowell tells the NY Post:

    “It's childish, it's disrespectful…I think bearing in mind what we achieved together, I wouldn't have liked it if anyone else said the same thing."


Let the battle of the ratings begin!