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Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Ferraris continue to rake in money during classic car auctions, and the sale of RM Sotheby's Pinnacle Portfolio collection during Monterey Car Week is only further proof of that. The Prancing Horse grabbed four of the top five spots among the 25 vehicles crossing the block. The leader among them was a 1964 Ferrari 250 LM with an extensive racing history that went for $17.6 million, according to the company's unofficial numbers sent to Autoblog. The only vehicle to keep Ferrari from locking out the top five was a 1998 McLaren F1 LM-Specification that went for $13.75 million. It's claim to fame included being the second-to-last road version of these famous supercars built. Plus, the coupe is only one of two with the LM spec package, which included the 680-horsepower racing version of the V12. Showing more modern Ferraris are also appreciating, a 2005 Enzo went for $6.05 million, taking third place. This example was the last one ever made and was originally gifted by the company to Pope John Paul II. However, he had the car sold for charity. Similarly special, fourth went to a 1994 F40 LM racecar for $3.3 million. Finally, a 1967 275 GTB/4 rounded out the top five also at $3.3 million. Amazingly, the vehicles in the Pinnacle Portfolio came from just one person who the company only identified as a "private US-based gentleman collector." Check out the gallery to see all 25 rolling across the block, including a Toyota 2000GT, Porsche 959, and Jaguar XJ220.

McLaren's all-electric P1 shows its stuff in new video

If you like your McLaren's electric and fast, then the company has a video for you. Click above to see a short video of the testing process of the new P1 EV. Center driver's seat? Check. Open top? Of course. And did we mention that it hits it's top speed in under two seconds? Oh, yeah. Ok, fine. The McLaren P1 Ride-on edition is a bit of a joke, but until the hybrid BP23 comes along, we'll take it (if only as a gift for the little EV fans in our lives. It's funny how dreams of electric McLarens seem to come up in all sorts of shapes and sizes from time to time. If you want to satisfy your McLaren EV urges now, you can get the Ride-on in Volcano Yellow for just under $500. Related Video: Related Gallery McLaren P1 toy car News Source: YouTube via Hybrid Cars Green Humor Marketing/Advertising McLaren Electric Videos mclaren p1 p1

McLaren previews P1 GTR concept ahead of Pebble Beach debut

McLaren, Ferrari and Porsche have all come out with their hybrid-powered hypercars, vehicles that boast the bleeding edge of what is possible with today's road-car technology. The next step, at least in the case of McLaren and Ferrari, is to push that bleeding edge just a hair further, with even faster, more focused versions of the P1 and LaFerrari. At the 2014 Pebble Beach Concours d'Elegance, McLaren will be the first to give us a glimpse of that boundary-pushing machine. The British automaker has announced that the P1 GTR Design Concept will make its global debut smack dab in the middle of Monterey's legendary car week, with the veil lifting on Friday, August 15 at 6:00 PM EST. McLaren doesn't go into many specifics here, simply calling the P1 GTR a track-focused variant of the P1, which we kind of already knew. Based on what we can see from the lone teaser sketch, the new model will have a much more dramatic aerodynamic presence than the street model, with a massive rear wing and a huge rear diffuser. Sandwiched between those two items are a pair of exhaust tips that wouldn't look out of place on the deck of your average battleship. Carbon fiber should feature prominently, with a few exposed sections of the stuff visible in the teaser image. Production is slated to begin promptly after the final P1 street car rolls off the Woking production line, sometime in June 2015. Of course, we'll have much, much more on the P1 GTR when it makes its debut at Pebble Beach. Keep an eye on this space come August 15. Until then, scroll down for the official press release from McLaren. THE McLAREN P1™ GTR DESIGN CONCEPT PREVIEWED AHEAD OF PEBBLE BEACH GLOBAL DEBUT McLaren will use its presence at the 2014 Pebble Beach Concours d'Elegance to showcase its ultimate track-focused model, the McLaren P1™GTR, in design concept form. Conceived in response to requests from buyers of the road legal McLaren P1™ for a track focused edition of their car, and available for purchase only to this group as a fully comprehensive programme to include driving events, training and vehicle support, the McLaren P1™GTRwill go into production in June 2015 when the 375th and final example of the road car has been completed - two decades on from the famous 24 Hours of Le Mans win by the legendary McLaren F1 GTR. The McLaren P1™GTR is being designed and developed using five decades of race-winning knowledge from the pinnacle of motorsport.