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Former auction-house owner Kruse facing Pennsylvania theft charge

Former auction house owner Dean Kruse surrendered to northern Indiana authorities last week to face a theft charge in Pennsylvania, where he is accused of failing to pay a man $38,000 for selling an antique hearse. The Associated Press, citing The Herald Republican of Angola, Ind., said that Kruse, 69, was released Aug. 31 from the DeKalb County Jail in Auburn, Ind., after posting a $5,000 bond.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Ferrari F70 caught on video

The new Enzo – the Ferrari F70 – has been caught on video around Marenello as Ferrari prepare to debut it at the Paris Motor Show. With the Paris Motor Show looming in just over a month, Ferrari are planning their biggest reveal in almost a decade, the replacement for the Enzo supercar – the Ferrari F70. The F70 will be getting a more powerful version of the V12 under the bonnet of the new F12 together with a KERS hybrid attached for a total output of over 900bhp.