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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).

2013 Lexus LS – first official photo

The 2013 Lexus LS is due to be revealed on Monday but Lexus has already revealed the first official photo of the new LS. We reported earlier this month that the new 2013 Lexus LS was on the way – including an LS F Sport version - and that Lexus would be revealing their new flagship on 30th July. But hot on the heels of a couple of leaked photos of the new LS, Lexus has decided to be pragmatic and release an official first image of the 2013 LS ahead of the official reveal next week.

Audi Quattro Concept Revealed

The Audi Quattro Concept rolls out at Paris It was close. We almost got it right when we said that Audi would be bringing along the Audi UrQuattro Concept to Paris. We just figured they’d use the name of the original concept to commemorate 30 years since its strode on to the world stage and changed our peceptions of Audi forever.