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NEWS

Welcome to our latest news page. Here we'll be discussing what's new in the classic car industry.

  • Porsche Announces Plans to build the 911 Speedster

    by Garry Shortt | Oct 18, 2018

    Porsche Announces Plans to build the 911 Speedster - Concept car unveiled in June to become a reality.

    The model here is the concept edition of the Speedster but it’s likely the production model will look very similar. Whilst the chassis, engine and gearbox are borrowed from the GT3 (a naturally-aspirated flat-six producing over 500bhp), the body is based on the Carrera 4 Cabriolet but with shortened window frames, a more steeply-raked windscreen, a carbon fibre rear deck and carbon front wings. It has also been given new 21-inch centrelock wheels, red-tinted daytime running lights, red headlights and a black leather interior. Hopefully, it will keep the Guards Red exterior reminiscent of the 911 Speedsters of the 1980s.

    The Speedster will go into production early next year. And we can’t wait to see the result.

  • Ferrari 250 GTO sells for £48.4 Million!

    by Garry Shortt | Sep 1, 2018

    It’s been only a few days since everyone began bemoaning the absurd price of the Bugatti Divo. At £4,500,000, it’s expensive enough to make even

    the most ostentatious of oligarchs swallow their Adam’s apple in shock.

    The car that sold just yesterday at an auction in California however makes the Divo look like a bit of Primark amongst Armani.

    This very beautiful Ferrari 250 GTO you see here - sporting the rather lovely Series II body - just sold for an absolutely gobsmacking $48.4MILLION!!

    That’s just over £37,500,000 for those of you on this side of the pond. In other words, you could buy 8 Bugatti Divos for the price of this

    one car and still have £1.5million change!!

    This breaks the record for the most expensive car sold at a public auction. Notice the use of the word “public”, because a couple of months ago

    at a private auction, a different 250 GTO sold for a staggering $70MILLION!!

    The GTO that sold yesterday is a particularly special one, as it was the 3rd of the 36 cars to come off the production line.

    It was then thoroughly put through its paces by Formula 1 world champion Phil Hill in preparation for the 1962 Targa Florio.

    We can only presume his testing did some good, because the car went on to win the TF for the following 2 years, and it also won

    the Italian National GT Championship in 1962.

    Today, it still retains its original engine, gearbox, and body. Having been in the collection of Gregory Whitten for two decades,

    it’s now gone to another home for the price of nearly fifty-million dollars!

    Written by: Angelo Uccello

    Tribe: Speed Machines

    Photo credits: RMSotheby's

  • Driving Requirements in Europe

    by Garry Shortt | Jun 7, 2018

    Driving in Europe

    HELPING YOU TO NAVIGATE LEGISLATION ACROSS THE NATIONS

     

    Take a journey through this quick guide to what you need to know for your European destination.

    Click here for an interactive map

    https://www.gocompare.com/motoring/driving-in-europe/

  • New MOT Rules effective 20th May 2018

    by Garry Shortt | Apr 25, 2018

    MoT exemption changes 2018: 13 things you need to know

    MoT exemption changes 2018: 13 things you need to know

    On 20 May 2018, the UK's MoT laws will undergo a major overhaul with significant consequences for classic car owners.

    So what's happening? And how will the changes affect you? 

    Well, it's complicated.

    But don't worry, we've broken it all down for you in this simple guide below.

    MoT exemption changes 2018: 13 things you need to know
    Pre-1978 cars will potentially be MoT exempt from 20 May

    1. Classic cars more than 40 years old will no longer need an MoT...

    This is the big one for classic car enthusiasts. Whereas before only cars first registered before 1960 were exempt from needing an MoT, the new rules apply to any car first registered more than 40 years ago – with some exceptions, which we'll go into below.

    That means that most cars first registered before 20 May 1978 will no longer need an MoT once the new regulations come into effect. What's more, the '40 years' rule is a rolling date. So if your car was first registered on 1 June 1979, you won't need an MoT after 1 June 2019. And so on.

    2. ...unless they do

    As always with these things, there are exceptions. Lots of them.

    The main one, which created a fair bit of confusion when the changes were first announced, is that the 40-year rule does not apply if the vehicle has been substantially changed in the past 30 years.

    There was, obviously, some consternation about this clause – what constitutes 'substantial change'? – but late last year the government clarified the issue.

    You can read the full government guidelines here (warning: they're long), but in short, the rules state that 'substantially changed' refers to the technical characteristics of the main components being altered, where the 'main components' are:

    - Chassis and Monocoque bodyshell changes

    - Axles and running gear, specifically alterations of the type/method of suspension or steering

    - Engine changes, although merely changing the cubic capacities of the same basic engine should be fine

    3. There are loads of exceptions to the exceptions

    To further complicate matters, the 'substantial changes' rules are themselves subject to lots of sub-clauses. For instance, they won't apply if:

    - the changes were made to preserve a vehicle where original parts are no longer available

    - the changes were made when vehicles of the type were in production or in general use (within ten years of the end of production)

    - changes were made to axles and running gear in order to improve efficiency, safety or environmental performance

    MoT exemption changes 2018: 13 things you need to know
    Kit cars may not be exempt from MoT testing

    4. Certain other types of vehicle are not exempt, even if they haven't been substantially changed

    There are several of these, but the most common will be commercial vehicles, with the rules stating that "large goods vehicles (i.e. goods vehicles with a maximum laden weight of more than 3.5 tonnes) and buses (i.e. vehicles with 8 or more seats) that are used commercially will not be exempted from periodic testing at 40 years".

    Vehicles that are still in production are not exempt, either – though we're struggling to think of many models that have been in production for more than 40 years anyway.

    Cars (and motorbikes) with a Q registration will also still need to be tested, as will kit cars assembled from different makes and models, or kit conversions that add new parts to old, and 'reconstructed classic vehicles' as defined by the DVLA.

    However in each of these four cases, if your vehicle is taxed as a historic vehicle and hasn't been substantially modified in the past 30 years, it can still be considered to be a Vehicle of Historic Interest (VHI).

    Still with us?

    MoT exemption changes 2018: 13 things you need to know
    It'll be all change for some pre-1960 cars

    5. Classic cars which didn't need to be MoT tested before may now need to be

    Oddly, given that so many more cars now won't need to be tested (estimates put the figure at 293,000 more exemptions), there are some older cars that will now fall foul of the regs.

    Until the 20 May changes, most cars first registered before 1960 were exempt from the MoT laws. After 20 May, the 'substantially changed' rules will apply. So if you own a 1959 XK150 that's got a different engine in, you'll now need an MoT to be able to drive it on public roads.

    Then again, if you own a 1959 XK150, why have you put a new engine in it anyway?

    6. Even if you don't need an MoT, you will still need to keep the car in good nick

    This one's obvious, but the rules clearly state that you are still obligated to "keep the vehicle in a roadworthy condition".

    They also suggest they you can voluntarily get the car tested, and that's certainly something we'd advise unless you really know what you're doing.

    MoT exemption changes 2018: 13 things you need to know
    How could these '70s saloons be anything other than of historical interest?

    7. To get exemption from the MoT you'll need to register as a Vehicle of Historic Interest (VHI)

    When taxing your car, you'll need to declare that it is exempt from the MoT process, and confirm that it has not been substantially changed in the past 30 years.

    You'll also need to have registered it as a VHI – which you'll do at a Post Office by completing a V112 declaration form.

    If it's not registered as a VHI or has been substantially changed, you'll still need an MoT to keep driving it.

    8. Not everyone is a fan of the new rules

    So why are these changes happening? Well, it's ultimately down to the Department for Transport, who say that historic vehicles are generally well maintained and used mostly for short journeys, and that the modern MoT is no longer relevant to cars over 40 years old.

    But clearly, many people in the classic car world don't agree. The DfT consulted with 2141 individuals, clubs, trade bodies and businesses before making its decision, and of those just 899 were in favour of extending the exemptions, with 1130 opposed.

    Many of those questioned cited safety concerns, although the option will remain for owners of pre-1978 classics to voluntarily submit their vehicles for an MoT. It's worth noting, though, that just 6% of owners of pre-1960 vehicles – those currently exempt from the test – still undergo testing.

    The Federation of British Historic Vehicle Clubs (FBHVC) was heavily involved in the consultation process – you can read some thoughts from them on the issue here.


    READ MORE: MoT exemption: an overdue change or dangerous move

    MoT exemption changes 2018: 13 things you need to know
    You'll see new online forms after completing an MoT

    9. There are plenty of other MoT changes coming into effect

    This is one of the biggest overhauls of the MoT process for years, with changes that will affect every car on the road. The exemptions for classic cars are among the biggest differences from the previous regulations, but every driver, however old their vehicle, should be aware of the new rules.

    10. Most of the changes are to comply with EU laws

    Regardless of where you stand on the whole Brexit thing, it's a fact that right now the UK remains part of the EU – and that means we have to comply with EU Directive 2014/45, which comes into force on 20 May 2018.

    Not only could the government receive substantial fines for failing to comply, but drivers without an EU-compliant MOT might not be allowed into other EU countries.

    All that said, the change that we're mostly concerned with here – that which affects classic cars – is purely a UK government decision.

    11. The new MoT test will be more rigorous

    Assuming you own a post-1978 classic, or have substantially changed your vehicle in the past 30 years, you'll need to get to grips with the new test.

    The main change is that MoT testers will use a new system of recording faults, with all defects categorised as either DangerousMajor, or Minor.

    A Dangerous or Major defect will mean that the car can not be driven until it's repaired, whereas a Minor one should be repaired but can be driven in the meantime, and won't result in a fail. Testers can also still give Advisories if they choose.

    The results will also now be presented in new, simplified forms.

    MoT exemption changes 2018: 13 things you need to know
    Diesel cars will now undergo more stringent tests

    12. Diesel cars will find it tougher to pass

    The war on diesel isn't going to end any time soon, and the new rules state that you'll get an instant Major fault and a fail if there's any smoke coming from the exhaust at all. You'll also get a fail if there's any evidence that the diesel particulate filter (DPF) has been tampered with.

    Emission levels will be tested against the manufacturer’s plate value, and if there isn't one then the tester will use a new – and lower – default limit.

    13. You should probably read the full government guidelines

    We've tried to cover everything here, but as we've said there's a lot of info and many, many exceptions and clauses. So we suggest you check out the government's full guide to the changes if you think they're going to affect you.

  • Alloy-bodied Daytona discovered in Japanese barn

    by Garry Shortt | Aug 29, 2017

    World’s only road-going alloy-bodied Daytona discovered in Japanese barn!

  • Ferrari celebrates its 70th anniversary!

    by Garry Shortt | Mar 14, 2017

    On 12 March 2017, exactly 70 years after Enzo Ferrari test-drove the first car to bear the Cavallino Rampante for the very first time, the company kicked off its anniversary celebrations with a wonderful re-enactment of the moment at the factory gates in Maranello, but with a modern twist…

    The start of something new - watch the video:

    https://youtu.be/_9jPDKwSbKA

     

    It was a special moment on Via Abetone Inferiore in Maranello yesterday, when a Ferrari 125 S — the first 12-cylinder Ferrari — met a LaFerrari Aperta for a historic photo opportunity at the famous factory gates. It was 70 years to the day that Enzo Ferrari trundled out onto the roads in the 125 S for the very first time, heralding the beginning of his eponymous company’s illustrious history. The re-enactment marked the beginning of Ferrari’s 70th anniversary celebrations, which will take place in over 60 countries around the world, before culminating at Maranello on 9 and 10 September. 

     

  • Hundreds of Italian classics to be sold with no reserve!

    by Garry Shortt | Nov 22, 2016

    Hundreds of Italian classics to be sold with no reserve!

    0

    More than 430 classics are set to be auctioned without reserve at Milano AutoClassica from 25-27 November, with hundreds of other fascinating lots ranging from vintage speedboats and bicycles through to period enamel advertising signs. 

    The vehicles and motoring ephemera form RM Sotheby’s Duemila Ruote sale, an auction of assets formerly belonging to businessman Luigi Compiano and seized by the Italian government three years ago.

    With rock-bottom estimates, no reserves on even the priciest lots and, in many cases, cars being sold with no documents, this auction represents an unprecedented opportunity to pick up a bargain. Here are a few of the highlights:

    1966 Ferrari 275GTB/C Alloy
    €2,400,000-2,800,000

    The first of seven long-nosed, six-carburetor, alloy-bodied 275GTBs is expected to be the star of the sale. Recently serviced by a marque specialist within sight of the Ferrari factory and boasting an impressive history including single-family ownership for 36 years, all eyes will be fixed on this car. It’s result could set the tone for the sale. 

    2004 Maserati MC12
    €1,100,000-1,300,000

    With just 50 examples ever built, Maserati’s take on the Ferrari Enzo is a rare beast indeed. This example was delivered new to Verona and has covered less than 6000km throughout its lifetime. It as sent to the official Maserati dealership in Modena for a full service and check over to ensure it’s ready for the road. It’s expected to be the second biggest seller. 

    1992 Ferrari F40
    €725,000-875,000

    This Ferrari F40 was originally delivered to Switzerland, and in its time was fitted with non-standard wheels, a new nose, flared arches and uprated suspension. It returned to Italy in 2007, when it received its 30,000km service – though it’s got less than 26,800 on the clock – and was recently serviced prior to the sale. 

    1969 Ferrari 365GTB/4 Daytona Berlinetta
    €650,000-800,000

    Expected to be the fourth best-seller at the auction, this desirable Plexiglass specification Daytona is sure to draw plenty of attention. Despite going through a number of guises since being delivered to Maranello Concessionaires in 1969 (it left the factory in Blu Dino, was then painted grey and, later, red), it retains its original matching numbers engine and gearbox, making it a prime candidate to return to its factory specification. 

    1994 Bugatti EB110 GT
    €275,000-325,000

    Ferrari’s F40 may have grabbed the headlines, but with just 139 examples having ever been built, it’s the Bugatti EB110 that will offer greater exclusivity. This example is finished in Blu Electtrico and retains its original ANSA exhaust system.

    1991 Lancia-Ferrari LC2 Group C
    €240,000-280,000

    Lancia’s Ferrari-engined LC2 hails from one of the most exciting periods in motorsport history: Group C. Running alongside Porsche’s 956, the cut-down 2.6-litre V8 Lancia more than held its own thanks in part to its brutal 650bhp, twin turbocharged power plant. Even with recommissioning and running costs, chassis 0009 looks like incredible value for money. 

    1935 Fiat 508 S Balilla Aerodynamica
    €45,000-55,000

    Arguably the prettiest car of the 508 range, the two-seater Aerodynamica was also one of the most competitive, running in endurance races throughout the 1930s. Ripe for restoration, expect this charming berlinetta to be gracing the Mille Miglia entry list in years to come. 

    1971 Fiat Dino Coupé
    €10,000-15,000

    1968 Lancia Fulvia Sport 1.3 Competizione Zagato
    €20,000-30,000

    1965 Mercedes-Benz 600 SWB Sedan
    €20,000-30,000

    1964 Porsche 356C 1600 Coupé
    €10,000-15,000

    1973 Alfa Romeo Montreal
    €5000-10,000

    1964 Lancia Flaminia GTL 2.8 3C Touring
    €20,000-30,000

    1947 Alfa Romeo 6C 2500 Sport Touring Coupé Aerlux
    €80,000-90,000

    1965 Austin-Healey 3000 MkIII BJ8
    €15,000-18,000

    1965 Jaguar E-type Series I 4.2 FHC
    €20,000-30,000

    See the full list of lots on Sotheby's website here: http://www.rmsothebys.com/tv16/duemila-ruote/lots/?salecode=TV16&sort=est

  • James Bond Aston Martin DB10 Spectre car sold for £2.4m

    by Garry Shortt | Feb 19, 2016

    James Bond Aston Martin DB10 Spectre car sold for £2.4m

    The Aston Martin DB10, built exclusively for the latest James Bond film 'Spectre'

    An Aston Martin sports car from the James Bond film Spectre has sold at auction for £2,434,500.

    The DB10, one of only two "show cars" from the 10 made specially for the film, smashed its reserve price of £1m.

    Made in Warwickshire, the model has a 4.7-litre V8 petrol engine and a top speed of 190 mph - but it cannot be driven on public roads.

    "Spectre - The Auction", at Christie's London King Street, saw 10 lots raise £2,785,500 for charities.

    A further 14 items continue in an online auction which ends next Tuesday.

    Other lots included the "Day of the Dead" costume worn by Daniel Craig in Spectre, which sold for £98,500.

    Sam Smith's Writing on the Wall record and sheet music went for £9,375.

    Aston Martin has been associated with Bond since the 1964 film Goldfinger, which featured a DB5.

    The auctioned DB10, hand built at Aston Martin's UK headquarters in Gaydon, was signed by Daniel Craig.

    Most of the DB10s were modified for use in the filming of Spectre but two were left unmodified for display.

    The film is reported to have destroyed $36m (£25m) worth of cars during shooting.

    Omega Seamaster 300 watchImage copyrightChristie'sImage captionAn Omega Seamaster 300 watch worn by Daniel Craig as James Bond was bought for £92,500

    Sam Smith record and sheet musicImage copyrightChristie'sImage captionSam Smith's 'Writing's on the Wall' sells for £9,375 with proceeds donated to Make It To Me Fund

    Signed photo of Daniel Craig as James BondImage copyrightChristie'sImage captionRankin's framed set of character art sold for £30,000

    Oberhauser's Spectre gold ringImage copyrightChristie'sImage captionOberhauser's Spectre gold ring worn by Christoph Waltz achieved £32,500

    Day of the Dead costume £98,500Image copyrightChristie'sImage captionThe 'Day of the Dead' costume worn by Daniel Craig in Spectre sold for £98,500

    Christie's Spectre auctionImage copyrightChristie'sImage captionThe auction started with a blu-ray disc and James Bond Tom Ford cufflinks which went for £30,000

    Vodka martiniImage copyrightChristie'sImage captionChristie's welcomed guests with Bond's signature tipple, vodka martini - shaken not stirred

     

     

  • James Bond Memorabilia Auction Comes To London

    by Garry Shortt | Nov 25, 2015

    Massive James Bond memorabilia auction comes to London

    A huge sale of show-stopping film posters and memorabilia will take place at the Royal Horticultural Society in London on 1 December,

    with James Bond's boat from The World is Not Enough set to take a starring role. 

    The boat was created for and used in one of the opening scenes of the film, which featured a chase on the river Thames.

    One of only four ever built, the boat is powered by a 5.7-litre V8 engine and is expected to sell for as much as £10,000.

    "We are delighted to offer items from the unique James Bond collection of Marc Slattery," said Coys poster

    specialist Adrian Cowdry.

    "This important and well-known collection features an unsurpassed amount of film posters and related items spanning

    the entire history of the James Bond films, as well as other related collectables." 

    Other highlights of the sale include an original 1965 Thunderball poster, a brochure from the premier of Her Majesty's Secret Service

    and a skull poster from the most recent film, SPECTRE. 

    The poster used to promote Thunderball has been hailed as one of the best pieces of Bond artwork and is thought to be worth

    between £6500 and £10,000.

    Adrian Cowdry said: "Originally designed in a four panel format, intended to be cut into two or four for the cinema to use around

    the advertising area, this particular version was never cut into sections and is one of the finest examples available."

    Meanwhile, the brochure for Her Majesty's Secret Service, which was only ever produced in limited numbers,

    could fetch as much as £1500. Also produced in low numbers, the SPECTRE skull poster was created for the

    cast and crew of the film and is expected to sell for £700-800.

    A brace of first issue film posters from the early 1960s are also expected to attract a lot of interest. The first, a 1962 poster

    from Dr No is estimated at £7-8000, while the second, used to promote the 1963 film From Russia With Love

    could make as much as £6000. 

    The sale also includes a number of early novels, such as Man With the Golden Gun (£150-200),

    Octopussy (£150-200) and On Her Majesty's Secret Service (£450-500). 

    For full details of this auction including Classic Cars, please see Coys website:

    http://www.coys.co.uk/true-greats

  • London Classic & Sports Car

    by Garry Shortt | Oct 6, 2015

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