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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).

Lotus evolves with moving art

WITH VIDEO -- With five new concepts dotting its stand at the Paris motor show, Lotus demonstrated that it knows a bit about metamorphosis. Now, the automaker has collaborated with French artist Gerard Rancinan and writer Caroline Gaudriault for a moving art display for a VIP event in Los Angeles. Rancinan specializes in art of the human form while Gaudriault is a journalist by trade who has worked in Japan, Australia and France.

MG6 Diesel launches – price from £16,995

The much needed diesel version of the MG6 has launched, offering a diesel engine in the new MG for the first time. Priced from £16,995. The now Chinese-owned MG hasn’t had overwhelming success with its MG6 so far, but much of that can be put down to the lack of a diesel-engined offering in a marketplace that has become diesel obsessed.