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).

McLaren Special Operations 650S (2014): introducing the McBodykit

By Jonny Edge First Official Pictures 25 June 2014 16:56 McLaren Special Operations has announced a 50-strong run of bespoke 650S supercars, costing buyers either £252,500 for the coupe or £272,500 for the spider. Yep - at £58k, this is one of the most expensive bodykits going. The first MSO 650S will make its debut at this week’s 2014 Goodwood Festival of Speed, with a space reserved for it inside the supercar paddock.

BMW 5 Series GT (w/ Video)

BMW officially took the wraps off the production version 5 Series Gran Turismo today. The new model, previewed in concept form at the Geneva motor show in March, is set to bridge the gap between the automaker's X5 SUV and the 5 Series Touring wagon. As we expected, BMW has remained true to form: the 5 Series GT is identical to the design of its concept precursor, including a lower body section and taillamps that call to mind the latest BMW 7 Series, a front end reminiscent of the CS concept, and an upper cabin design familiar to anyone who's seen an X6.  The interior has seen the most change, if only in color and trim.