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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

Wild one-off Lamborghini Sogna for sale at $3M [w/videos]

The Lamborghini Countach was the dream car for many teens and pre-teens in the 1980s, but at least one Japanese man thought there was room for improvement. As the story goes, Ryoji Yamazaki had a dream of a supercar as a 13-year-old, and at the age of 41, he used his design studio, Art & Tech, to create the Sogna in 1991.
Yamazaki unveiled the Sogna at the 1991 Geneva Motor Show as a rebodied Countach with intentions of selling it in limited production, but thankfully - or sadly, depending how you look at it - the $1.6 million (1991 price) coachbuilt supercar never made it into production. The Geneva show car was a rolling chassis, and the only other example that was produced was a fully operational version, shown above, which was unveiled at the 1994 Essen Motor Show. This car from Essen is now listed for sale on James Edition for 2.38 million euros, or around $3.25 million USD.
With its oddball styling and kiwi green paint, the Sogna was likely doomed from the start, but it still boasts the Countach's full powertrain including the 448-horsepower, 5.2-liter V12 and a claimed top speed of 186 miles per hour. Check out more images of the 1994 Sogna at James Edition and Enmann, and we also found a couple videos, which are posted below, of the car's early development.

Chinese automaker readies a Lamborghini Urus fake

Do you love the absurd angular looks of the Lamborghini Urus, but don't have anywhere near the $200,000 needed to buy one? We have good news, then. A Chinese automaker is building a knockoff that costs about a tenth the price. Of course, you'll probably have to go to China to own and drive it. According to carnewschina.com, the vehicle in question comes from Huansu, one of several brands under major Chinese automaker BAIC. The company's name translates to "Magic Speed" according to the news outlet, as well as a Google translated version of PCAuto, a Chinese car news website. The model name is reportedly called C60, but it also has the name Hyosow on the back. It certainly hits the design on the head. Or at least 90 percent of the head. The silhouette of the grille is nearly identical, but it picks up a quartet of LED foglights on each side. The massive hexagons in the Lamborghini's grille are replaced with slats. The headlights are similar with individual LEDs, but the shape is much simpler. Continuing around the side, the Lambo's triangular fender vents have morphed into something that looks more like a shovel. The doppelganger lacks some of the sharp creases of the Italian car, and the resemblance really starts falling apart at the back. The large taillights of the Huansu have some of the angular lighting designs of the Lamborghini, but they aren't nearly as striking as the Lambo's narrow elements. There aren't any big vents, and the diffuser is far more boring on the Huansu. All that being said, though, this sucker is a blatant knockoff, regardless of how accurate it is or isn't. Despite a name like "Magic Speed," we don't expect this C60 Hyosow will have much of it, since it will reportedly have just a 2.0-liter turbocharged four-cylinder making 195 horsepower. At least it will be practical, housing between 5 and 7 people depending on how it's equipped. And of course, it's way cheaper. Converting Car News China's price estimate to U.S. dollars, the Huansu will only cost between $15,000 and $24,000. It may be a shameless knockoff, but we have to admit it probably isn't going to cost Lamborghini sales. People with Toyota Corolla money aren't on the verge of buying a supercar anytime soon. The official reveal of the SUV will be on June 6 at the Chongqing auto show, according to PCAuto. Related Video: News Source: China Car News, PCAuto Lamborghini Crossover SUV chinese copy