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Fast, expensive cars.

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Eddie Mair | 13:14 UK time, Thursday, 30 October 2008

Nigel reported for us last night - he has this update for you:

"Remember our Ferrari from the auction yesterday? Well, it turned out no-one bid the £3 to £3.5-million they were hoping for.

Downturn hits classic cars?

Not quite. This car, one of only 107 McLaren F1 supercars ever made....

mclarenf1.JPG

...reached twice its estimate, and a world record (say the auctioneers), at £2,530,000.

The McLaren Formula One boss, Ron Dennis, has reportedly promised Lewis Hamilton, his charging young driver, one of these if Mr Hamilton wins the world title both this year and next."

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