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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).

Five Minutes With Edsel Ford II

If you watched the PBS documentary American Experience: Henry Ford last Tuesday night you likely enjoyed it and learned a few things you didn't know about the American icon and Ford Motor Company founder. Alternately laudatory and critical, the documentary detailed Henry Ford's exceptional vision, drive and personal contradictions, touching on his relationship with his son Edsel and his views on labor. The prime living link to the documentary, Edsel B.

Video: Audi Le Mans driver Allan McNish explains ‘eliminating luck’

Audi is ramping up its efforts for the 24 Hours of Le Mans both in the pit and in the marketing office. The company has created a new 3-D video called A Day in the Life of an Audi Driver. The video shows Audi Team Joest driver Allan McNish talking about the hundreds of people and hundreds of hours that go into planning for something such as Le Mans.