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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).

Bentley sales in China hit new record

Bentley boss Wolfgang Duerheimer at last year's Shanghai Show. Bentley has revealed that China has now overtaken the US as its biggest market with 578 sales in the first quarter of 2012 – up 84.9 per cent. This time last year we reported that Bentley sales were flying in China and closing in on the US as the most important market for Crewe’s products.

Lewis Hamilton charged by the Australian ‘elf ‘n’ safety Police

Lewis Hamilton gets nicked - for acting like a racing driver There are times when our Antipodean cousins would love to deny that they are of the same stock as we. But the ‘Nanny-State’ culture that has enveloped Australia in the last decade mirrors our own. There seem to be rules covering every aspect of life, from what to do with your rubbish to how to cross the road.