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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

Fourth Lamborghini model could be an all-electric 2+2 GT

It was almost a year ago that Automotive News spoke to Lamborghini CEO Stefano Domenicali about the carmaker potentially adding a fourth model to the lineup. Asked about the potential of a new 2+2 GT model picking up where the Espada left off in 1978, Domenicali demurred on the matter of a bodystyle. Instead, the CEO said the brand is "working hard to combine high performance with interior space and driving comfort in a package that, designwise, should be striking as well as highly efficient in terms of aerodynamics." A year on, Autocar spoke to Lamborghini R&D head Maurizio Reggiani, who hinted at how ideas have coalesced since. Autocar says a 2+2 GT "is due to be given the green light to arrive by 2025," and there's a chance the model could be all-electric. Last we heard, Domenicali was explaining to AN that buyers weren't asking for a battery-electric vehicle. With a five- to seven-year horizon for the introduction of a fourth car, however, the CEO allowed that customers could be ready for one by 2027, so Lamborghini should be ready, too; nevertheless, he hedged the battery-only offering by saying it would come "together with a high-performance plug-in hybrid." According to Autocar's story, the brand's got more bullish on batteries in the interim. Reggiani said, "If you look at the timing for a fourth model line, there is the potential that this will be the right time for a full-electric vehicle" that can do at least 350 miles on a charge. Not only could such a car make sense by 2025, Lamborghini could likely find some way to fit the model into the Volkswagen Group's scheme for EV domination. There are two electric platforms floating around the high-performance divisions that could get the nod; the J1 architecture under the Porsche Taycan and coming Audi E-Tron GT that will evolve into the J1 II come 2023, or the Premium Platform Electric (PPE) architecture that will support a range of models and is already rumored for an all-electric Bentley.    In terms of styling, Autocar repeatedly mentions cues coming from the 2008 Estoque concept (above). The four-door GT unveiled at the 2008 Paris Motor Show has been in limbo since then, the heart of rumors ranging from an Estoque range of everyday supercars to becoming a Lamborghini twin for an Audi A9.

Lamborghini Urus finally set to debut on Dec. 4

It's been more than two years since Lamborghini announced it was planning to build its second SUV, the Urus. It's been more than five years since the original concept was revealed at the Beijing Motor Show back in 2012. Finally, on Dec. 4, the Italian automaker will reveal the full production version at an event in Sant'Agata Bolognese. We've seen plenty of concepts and spy shots of the Urus by now. We know it will be powered by a twin-turbo V8 making 650 horsepower and upwards of 600 pound-feet of torque. A plug-in hybrid — a first for Lamborghini — will follow soon after. Pricing hasn't been announced, but look for a base MSRP of at least $200,000. In the teaser video, Lamborghini is making a big deal about this being the first super sport utility vehicle. If any automaker can back up that claim, it's Lamborghini. This isn't going to be some rough-and-tumble V12-powered off-roader like the LM002. This is a high-performance machine in a similar, but far more over-the-top, vein as the Porsche Cayenne and BMW X5 M. The timing of the reveal is an interesting one. The event is just days after the 2017 Los Angeles Auto Show. Rather than compete for coverage, Lamborghini is taking a more modern approach to the Urus' reveal. Either way, we're looking forward to it. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.