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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

Lamborghini expands Huracan range with rear-wheel-drive convertible

The Lamborghini Huracan LP580-2 Spyder completes the game of fill-in-the-blanks in the Italian's automaker's V10-powered lineup. With the brand already having proved its customary formula of "Remove the roof, retain the awesome," we expect this to be another uncommonly pleasing convertible from Sant' Agata Bolognese. The three-layer roof and mechanism migrate from the all-wheel-drive spyder. Taking 17 seconds to lower, the bodywork springs various tricks to maintain the appropriate cabin atmosphere. Two fins emerge from the B-pillar to preserve the car's profile, with narrow ducts in those fins managing wind flow through the engine compartment. Keeping the rear window up also calms the cockpit, lowering it invites the breeze and the wail of the engine. Additional zephyr management measures come in the form of removable mesh windguards that can be fitted next to the headrests. View 26 Photos Minor adjustments to the front and rear are the only visible differences between the RWD coupe and Spyder. The 5.2-liter V10 rocks the same 572 horsepower and 398 pound-feet of torque and top speed holds steady at 198 mph, but the 0-60 mile-per-hour time creeps up by two tenths of a second to 3.6 seconds. Dry weight clocks in at 3,320 pounds, a 258-pound jump over the coupe, but 330 pounds less than the all-wheel-drive Huracan Spyder we sampled - and loved - earlier this year. Lamborghini says the Huracan rear-wheel-drive spyder price will slot in between the MSRP of the two- and four-wheel drive coupes when the car goes on sale in January 2017. Before then, you can view it for the much more reasonable price of "free" when it's unveiled at the LA Auto Show. Related Video: Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog LA Auto Show Lamborghini Convertible Luxury Performance Supercars Videos Original Video

First US customer gets the keys to $1.9 million Lamborghini Centenario

Ferruccio Lamborghini's 100th birthday party has now reached the United States. The Lamborghini Centenario – the souped-up Aventador that celebrates Lamborghini's founder – was delivered to its first US customer in Newport Beach, CA, the company said Thursday. The $1.9 million supercar was unveiled in 2016 to mark the 100th birthday of the industry leader, and it's limited to a 40-car run that's split between coupes and convertibles. Naturally, Lambo says they're all sold out. The first US car is a black and blue hardtop. The company says this one was custom built with a glossy carbon-fiber exterior. Inside, is the same color scheme set to leather and Alcantara. Lambo says the rest of the Centenario's US customers will get their cars this year. In case you've forgotten, the supercar runs a naturally aspirated V12 with 759 horsepower capable of hitting 62 miles per hour in 2.8 seconds en route to a top clip of 217 mph. Lambo builds each one to the personal tastes of the customer through its Ad Personam program. "When Ferruccio Lamborghini began realizing his dream of creating the best supercars in the world, he wanted to reach a large audience through production, but he also wanted to keep the unique nature of limited-edition vehicles that clients are able to personalize to their own tastes and style," Automobili Lamborghini America COO Alessandro Farmeschi said in a statement. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Lamborghini Centenario Design/Style Lamborghini Luxury Supercars lamborghini centenario