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Porsche


— Automotive

Pinnacle Portfolio sells for $67 million to become world's most valuable car collection

Monterey Car Week's auctions began on a positive note tonight when the Pinnacle Portfolio became the most valuable single owner car collection ever sold at auction. Sales from the 25-car auction totaled more than US$67 million, exceeding the previous record by nearly 25 percent. The top sellers were a 1964 Ferrari 250 LM, which sold for $17,600,000, and a 1998 McLaren F1 "LM-Specification", which sold for $13,750,000. Nearly half the cars in the collection set new world records for the models.

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— Collectibles Feature

Ten $10 million cars head for Pebble Beach

Only 18 cars have ever sold at auction for more than US$10 million. It's illustrative that 11 of those cars have sold during the mid–August Monterey Car Week auctions surrounding the Pebble Beach Concours d’Elegance. This year that number might rise dramatically as there are 10 cars going to auction over a three day period that are estimated to surpass the $10 million barrier.

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— Automotive

A look back at the Concorso d’Eleganza Villa d’Este

The Concorso d’Eleganza Villa d’Este and the accompanying Villa Erba auction put on yet another spectacular show at the weekend, with 11 cars selling for more than a million dollars, 34 of the 39 lots on offer sold, and an average sale price of $880,000 per car. While the auction was spectacular, the three day show across the adjacent villas was beyond spectacular in every respect, with the finest of Europe's vast automotive heritage on display.

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— Collectibles

Motorcycle connoisseurs find inspiration in Alabama

Two hours west of the Atlanta airport is a five story, state of the art monument of glass, steel and concrete generally considered to be the finest motorcycle museum in the world. Designed by its founder, George Barber, to draw visitors from all over the globe to his home town of Birmingham, Alabama, those that make the trip to the Barber Vintage Motorsports Museum can immediately see they are witnessing a truly remarkable achievement. This is a place like no other.

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— Collectibles

Concorso d’Eleganza Villa d’Este & RM-Sotheby's Villa Erba auction preview

One of the world’s most exclusive and tradition-steeped events for historic cars and motorcycles takes place on the shores of Lake Como next weekend (22-24 May). Here's our guide to what to you can see at Concorso d’Eleganza Villa d’Este and what's for sale at RM-Sotheby's Villa Erba auction preview where 15 vehicles are expected to sell for more than $1 million each, and two cars are likely to move into the 20 most valuable cars ever sold at auction, both fetching more than $10 million.

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— Collectibles

Herbie "The Love Bug" sells for $126,500 + 25 other cars you'll wish you had bought

In terms of investment potential, the prices of cars which formerly starred in movies are accelerating faster than the already bullish collectible car and movie memorabilia markets. This week Herbie (The Love Bug) set a new world record for a Volkswagen Beetle at $126,500 to become one of the top 50 movie cars ever sold at auction. We've also scoured the auction results of the last ten years to show how much movie cars are appreciating. Read More
— Automotive

Porsche working on variable-compression engine

While the fashion in high-tech automotive developments might lean towards hybrids and electric vehicles at the moment, there’s still plenty of scope to improve the good old internal combustion engine and one of the holy grails of such development is the creation of a viable variable-compression-ratio system. Now Porsche is working on just such an engine, revealed in the form of a newly-published patent, which will be able to alter its compression ratio. Read More
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