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).

RM Auctions' Icons sale brings good return on customs

Hot-rod and custom-car enthusiasts came from across the country for RM Auctions' Icons of Speed and Style sale in Los Angeles on Saturday, which offered the entire collection of the Flying A Garage. Collector Ralph Whitworth had big plans to open a car museum in his native Winnemucca, Nev., and had assembled one of the greatest rod, custom and racing-car collections ever to make it happen. He housed it in a new, climate-controlled building in Winnemucca called the Flying A Garage and had plans to open a museum to draw interest to his hometown.

Audi S4 and S4 Avant (2008) first official photos

By Ben Whitworth First Official Pictures 23 September 2008 00:01 This is Audi’s all-new S4 which makes its debut in saloon and Avant (estate) guise at next month’s Paris motor show. It may look much like you’d expect it to, but in a radical move, Audi is turning its back on turbocharging – the S4 is powered by a new supercharged 3.0-litre V6 that pumps out 329bhp and a hefty 325lb ft of torque for a 5.1 second sprint to 60mph and a 155mph top speed. We’re a little perplexed ourselves, to be honest.