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1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ makes €9,856,000

It’s the annual  Concorso d’Eleganza Villa d’Este festival of supercars and classic cars this weekend, and poart of that is the RM Auctions sale at Vella Erba, on the banks of Lake Como, with a 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ smashing the world auction record by fetching €9,865,000. The 375 MM is one of three works cars entered in the 1953 24 Hours of Le Mans and has a good history including 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara, has been driven by World Champions Hawthorn, Ascari, and Farina and won numerous awards at many events including Pebble Beach, Goodwood Revival and the Louis Vuitton Classic. But it wasn’t just the 375 MM that sold at a strong price, with other notable lots fetching good prices, such as a 1965 Ferrari 275 GTB, for €1,120,000,  a 1967 Lamborghini Miura P400 at €426,600, a 1962 Mercedes-Benz 300SL Roadster for €1,114,400 and a 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico for €2,184,000.

McLaren MP4-12C gets 616 bhp

The McLaren MP4-12C is about to get some upgrades – including an extra 25bhp – which will also be offered to existing owners free of charge. On balance, what McLaren has achieved with the MP4-12C is nothing short of remarkable. Yes, there have been a few glitches along the way, but in truth they have been little more than the sort of hiccups almost any new supercar suffers as it escapes in to the wild and has to deal with the real world and real drivers.

Budget 2014: Fuel Duty freeze, Classic Car VED & £200 million for potholes

No fuel tax increase, and 40 year rolling road tax exemption for cars. Most of the 2014 Budget headlines are about cuts in cost for beer and bingo and help for pension prisoners held to ransom by annuity regulations. But in amongst there’s some good news for motorists; nothing that will change your world, but welcome nonetheless.