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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).

Keating SKR and TKR (2008): first official pictures

By Ben Pulman First Official Pictures 23 April 2008 08:30 A British Bugatti costing £90,000? Or another loopy sports car from Lancashire? The Keating SKR and TKR launched today have 1500bhp potential and top speeds that challenge the Veyron's - but it's difficult to dispel our innate cynicism about yet another new British supercar manufacturer.

Ferrari 599 GTB 60F1 Edition celebrates 60 years of Ferrari F1

Ferrari 599 GTB 60F1 Edition Ferrari is to launch a limited edition version of the 599 GTB – the 599 GTB 60F1 – to celebrate 60 years in Formula One. Ferrari has been there since the beginning of F1, which makes Silverstone 2011 the 60th anniversary of Formula One, and to celebrate Ferrari is to release a limited edition model – the Ferrari 599 GTB 60F1. Based on the HGTE package available for the regular Ferrari 599 – which means stiffer springs and dampers, a bigger stabilizer bar at the back, bigger rubber and lowered suspension – the 599 GTB 60F1 is part of Ferrari’s Tailor Made programme (which does what it says on the tin).