Fast, expensive cars.
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....
...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."
Listen to PM
© MMIX~RS~q~RS~~RS~z~RS~40~RS~)
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Which would be... well, like offering a Fox already in "control" of the Chicken-run, his choice of Bird?
Anyway, a great gesture and presumably, this would be one of the few McLaren F1's in existence, with "zero" mileage..?
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We the people created the words like supercars and let the value bubble up for the thing that is supposed to take us from A to B.
As the inertia of motion continues through the gravy path of credits, still there are people living on the heights digging into their deep pockets to splash out and quench their ego thirst.
Bravo fellow human beings!
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No bids from Band or Ross then?
Everyone is shouting the odds about punishment.
Was Angrew Sachs' portrayal in Fawlty Towers racist? If so, should he be punished for it? Was he being, by Brand and acolyte?
Is it OK to be racist about groups that weren't on side during WW2? (Does that count as an instance of the Godlose Law, Mittfh, I wonder?)
Is punishment theory really ultimately a question as to who has the bigger stick?
Where is King's number, please?
If the bloke had done it right the banks wouldn't be financing the current speculative revanchism that we are seeing on the FTSE and the Dow.
The liqidity and financing for this latest rip off (pricing assets at what they think they can get away with) is from the BAIL OUT package, Comrades.
The governments are morally bankrupt. They should have taken the whole finance sector into public ownership.
As it is, the bankers, the market makers, the hegde fund managers wil lbe back with their bids for the Ferrari in WEEKs.
The money is being used to finance the wrong things. The usual private affluence and public shortages are coming our way. ('Cos as this speculative boom in paper assets gathers strength, the 'voices' will complain that this + government spending is INFLATIONARY and it's government spending that has to GO!!)
Tell Mervyn so, and Brown and Darling.
With the finance sector in public ownership we could finance what is good and ignore everything else.
Markets distort social(ist) decison making
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Thanks PM! :) I was unaware of this story!
See, non-BBC centric items can be fun and informative!
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HOW much!! it's tacky- give it a few years and no one will remember it . Give me the classic anytime- Oh the chrome...
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Actually, now that Halloween is nearly upon us, the caped crusader and Robin would suit the above motor car.
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Midlife crisis Eddie?
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My father had a red '57 Chevy.
pmL 3, Don't mention the war.
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