A classic Mercedes F1 car has set a new record, selling for $A85.3 million (€51.15 million) at a recent auction, making it the most expensive Grand Prix racing car ever sold.

Triple Eight Race Engineering, 12-time team champions of Australia's Supercars series, last ran Fords in 2009.

James McFadden after winning the Grand Annual Sprintcar Classic at Warrnambool. In a spectacular finale played out before a sold ...