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$1.3B worth of classic cars were auctioned in 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

Surviving Countach from 'The Wolf of Wall Street' headed to auction

The Lamborghini Countach’s rarity and status as the bedroom wall poster car of the 1980s has made it exceedingly valuable as a collectorÂ’s car. That said, a few examples of the car have risen above the rest as incredibly rare and expensive, and one of these super-special Lambos is headed to auction in December. RM SothebyÂ’s recently announced that it would auction a 1-of-12 white Countach that starred in "The Wolf of Wall Street." The 1989 25th Anniversary Bianco Polo Countach is one of two cars used in the film, but the other was badly damaged during production. With its U.S.-spec bumpers and Bianco (white) interior, the car is considered exceptionally valuable – at up to $2 million by some estimates. The damaged car still wears its scars, but SothebyÂ’s pointed out that the Countach in its auction sustained no damage during filming. The location and current condition of the other Countach are unknown, but as far as we can tell, no one has attempted to restore or auction it in the years since filming.  This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. With a 5.2-liter V12 under its rear hatch, the Countach was like something from outer space at the time. That sizable powerplant made 449 horsepower and 370 pound-feet of torque when new, which reached the rear wheels through a five-speed manual transmission. Its performance isnÂ’t all that impressive by todayÂ’s standards – it takes around 5 seconds to hit 62 mph (100 km/h) from a standstill. The 190 mph top speed is quite stout, but the CountachÂ’s appeal is about more than its specs. From its debut in the early 1970s, the Countach has commanded the imaginations of car enthusiasts, young and old. Many of us grew up in the 1980s with the car plastered on our bedroom walls, and its staggering 26-year production run is the stuff of legends. The 25th Anniversary models had styling touches designed by Horacio Pagani, and this car is breathtaking, even with its goofy U.S. bumpers — safety regulations here required the addition of awkward bumper guards on the carÂ’s nose. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Lamborghini begins Urus marketing push with terrain mode videos

The Lamborghini Urus SUV is coming. It's a done deal, so now the marketing push begins before its December 4th debut. Lamborghini is highlighting the Urus' off-road capabilities in the videos we're going to share with you, and that's not a bad way to start, since every other Lamborghini around has strada, sport, and corsa down pat. (That's street, sport, and track for those of you who don't speak Italian.) It's the sabbia, terra, and neve (sand, off-road, and snow) bona fides that need to be nailed down for the Urus to sell, so it's a smart play to highlight them right off the bat. Especially since its predecessor, the LM002, had fairly legendary capabilities – and prodigious fuel consumption. Expect that to be better in the Urus, whose twin-turbo V8 of about 650 hp and 600 lb-ft of torque should be civilized enough to guzzle fuel at a more measured pace. After that, a plug-in hybrid will reduce fuel consumption even further. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini's also smart to push the reveal back past the noise of the LA Auto Show, so the Urus can stand on its own four tires. We expect to see more of these drive mode videos released as we get closer to the reveal, so stay tuned. Lamborghini Crossover SUV Luxury Off-Road Vehicles Performance Videos