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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).

Volkswagen Beetle R: Frankfurt debut planned?

2012 VW Beetle R - a Hot Beetle However hard they tried – and they did for a while – Volkswagen never managed to make the reborn VW Beetle anything more than a novelty; a girly car with a flower vase for girly drivers. That was enough to make the Beetle sell in almost respectable numbers in both North and South America, but it consigned VW’s retro effort to the novelty bin in Europe, where we tend to know a cynical marketing ploy from a real car. But Volkswagen seem intent on making the 212 VW Beetle rather more credible.

Ferrari 550 Barchetta Zagato GTZ sells at Bonhams

The Ferrari 550 Barchetta Zagato GTZ - fetched £350k at Bonhams Regular readers may remember that we exclusively reported that Zagato were working on five Ferrari 550 Barchettas to create the Ferrari 550 GTZ just over a year ago. That report caused all sorts of grief as Zagato and their photographer threatened us with all manner of hellfire and brimstone for spoiling their secret. The resulting grief meant we had to take down their photos, but our story stood.