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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).

BTCC stars arrive at race meet... with a race-insipred caravan

BRITISH Touring Car stars Matt Neal and Gordon Shedden arrived at their most recent race weekend with something a bit out of the ordinary in tow. The pair arrived in a Honda Civic Tourer, liveried up to look just like the racing versions the pair are more used to thrashing around. What’s more, they were towing a caravan just as covered in Honda Yuasa Racing graphics as the car, having meandered across the country stopping only for picnics and barbecues – although they did enjoy a spot of mountain biking too.

Irwindale, Kern County tracks coming back

Two paved circle tracks in Southern California should be up and racing by spring, good lord willing and the creek don't rise. The two facilities plan to cooperate in order to maximize the chances of success. Irwindale Speedway, now officially to be referred to as The Irwindale Event Center, had no races on its oval tracks in 2012 after the former track operators filed for Chapter 7 bankruptcy in February.