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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

Koenigsegg Agera R World Speed Records now official (video)

Koenigsegg Agera R gets Guinness World Speed Record - Video One of the speed records set back in September by the incredible Koenigsegg Agera R has now been ratified by Guinness - 0-300-0 km/h (0-186-0 mph) in 21.9 seconds. As we say every time Koenigsegg jumps in to vision with another bonkers car or speed feat, we’re amazed at just what a handful of men with beards (except Christian von Koenigesgg – who doesn’t seem to have a hair to his name) can do from a shed in the snow of Sweden. What makes Koenigsegg even more impressive is that it’s not just that they  produce a stunning looking hypercar, but that they do it all themselves.

Ferrari GT teaser photos

By Ben Pulman First Official Pictures 12 May 2008 10:11 These are the first pictures of Ferrari's new GT, taken from the Italian firm’s teaser website www.ferrarigtcountdown.com. The car won't be shown until the Paris motor show this autumn, but you don't need to wait that long in this internet age – Ferrari is gradually revealing its new baby bit by bit online over the next few months. The five teaser pictures reveal a wide, low, oval front grille, distinctive creases around the door handles, five-spoke alloys, a third rear brake light and a sloping rear end.The official website also has four audio clips of the new Ferrari starting up, revving, running through the gears and then being driven hard.