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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).

Russian Grand Prix: Hamilton on pole for Mercedes

Hamilton (r) has pole in Russia followed by Rosberg (l) and Bottas (c) Amid tight security thanks to Russia’s ongoing spat in Ukraine, and a muted appetite for exuberance after Jules Bianchi’s dreadful crash with a JCB on track last weekend, the rest of the F1 circus seems to be on normal duty, with Hamilton’s Mercedes taking the front row and Hamilton dominating proceedings in qualifying to secure another pole position. But it wasn’t necessarily going all Mercedes’ way, with Bottas stringing together a very quick lap in the dying moments of final qualifying that looked like it could propel him in front of the Mercedes duo, until he lost traction at the end of his flying lap and had to settle for third spot in tomorrow’s race. Joining Bottas on row two is Jenson Button and his McLaren after a strong qualifying, and Daniil Kvyat – at his first home Grand Prix – managed to secure a very impressive fifth spot for Toro Rosso. Kevin Magnussen in the second McLaren would have been on row three in sixth spot but gets a five place penalty for a gearbox change.

Porsche 918 Spyder with Weissach Package does 0-62 mph in 2.6 seconds

Porsche 918 Spyder with Weissach Package does 0-62 mph in 2.6 seconds The trio of hypercars currently vying for the title of the ultimate supercar – McLaren P1, LaFerrari and Porsche 918 Spyder – have all taken similar – but different – routes to performance, although they’ve all ended up with remarkably similar statistics. But the Porsche 918 Spyder has already scored a direct hit with a record time of 6:57s round the Nurburgring and now, ahead of the first customer cars finally reaching their homes, Porsche has revealed improved performance for the 918 Spyder with the Weissach Package fitted. Performance from 0-62mph is just 2.6 seconds (2.8 seconds without the Weissach Package), 124mph is reached in 7.2 seconds (0.5s quicker) and 186mph in 19.9 seconds (2.1 s quicker).