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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

Watch this Lamborghini Gallardo get hooned like a WRC car

Driving your million-dollar supercar or ultra-lux limousine carefully and pridefully on to the well-manicured lawns of a fancy concurs d'elegance is what your old man did, square. Driving your exotic through mud and filth, with fast sideways bits and loads of counter steering is what all the hip kids are up to these days.
Having already experienced the puerile joys of seeing a Rolls-Royce turf a lawn and a Ferrari Enzo slide around the farm, we can now enjoy this Lamborghini Gallardo in the mud and ruts. The video below shows about exactly what you'd expect from WRC-themed title, except for lacking in big air and, you know, really good, fast driving. Still, there's mud. Check it out below.

Actor Eric Bana returning to Bathurst 12 enduro race

Eric Bana joins the field of the 2014 Liqui-Moly Bathurst 12-Hour race next month, driving for the Australian FXD Workwear team. Bana's done the race twice before, coming in tenth overall in 2009 in his Love the Beast Mitsubishi Lancer RS Evo X, posting a DNF in the same car in 2010.
This year he'll be in Class B behind the wheel of a Lamborghini Gallardo GT3 prepared by Racing Incident, joined by teammates Peter Hill and Simon Middleton. The race happens during the weekend of February 7-9, you can find a press release with the announcement below. You'll want to take the time to get to know it this year, because it's been widely reported that Eric Bana will return next year to share a Porsche 911 GT3 with Mark Webber.