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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 owner parks Countach near London Tower Bridge, everyone freaks

With its razor-sharp wedge shape, high performance and minuscule ride height, the Lamborghini Countach has always been a supercar made to be gawked at and grab attention. Even the model's name supposedly comes from an Italian exclamation. But not all recognition is positive, as is the case with this Lamborghini illegally parked within sight of London's famed Tower Bridge.
According to The Telegraph, this white Countach was reportedly abandoned after running out of fuel, blocking a lane in the process. In that time, someone apparently attempted to scratch off part of its no-parking sticker. In the end, the supercar was hooked up and lifted onto a flatbed truck to be towed away, drawing a sizable crowd in the process. Those interviewed seemed pretty upset and mystified that someone would illegally park the car there.
According to The Telegraph, the owner was traced via license plate, whereupon it was discovered there was a warrant out for his arrest on harassment charges. He was subsequently arrested in London and later released on bail. Sadly, there's no word yet on whether the classic Lamborghini was released with its owner or if its angular self is sitting in an impound lockup somewhere.

Lamborghini Huracan Spyder tipped for Geneva debut

If you're enamored of the Lamborghini Huracan but have been waiting (and saving) for the convertible version, you may have to wait a little longer. According to Motor Trend, the drop-top Huracan won't make its debut before the 2016 Geneva Motor Show. That's almost eight months from now. The basic parameters of what the Huracan Spyder (as it's likely to be called) aren't hard to forecast. It will in all likelihood carry the same 5.2-liter V10 as the coupe, with the same output of 602 horsepower and 413 pound-feet of torque driving all four wheels through a seven-speed dual-clutch transmission. Expect a slight performance penalty in return for the open-top experience as compared to the fixed-roof version, which is expected to boast a 0-62 time of 3.2 seconds and a 202-mile-per-hour top speed. Other powertrain configurations may follow, but the roadster is likely to pack that same configuration at launch. While the larger, more powerful Aventador is about to breed its fourth model variant in the form of the Superveloce Roadster, the Huracan has only been made available thus far in one version. Our sources at Lamborghini tell us that will change soon, however, with numerous variants to follow – just like they did with the prolific Gallardo that came before. And the Spyder could be the first of the many to follow. The bigger question is what kind of roof mechanism Lamborghini will go with for this latest open-top supercar. The Gallardo Spyder used a fabric roof mechanism (removable roof panels are featured on the Aventador Roadster), however the Huracan Spyder will have to contend with rivals like the McLaren 650S Spider and the new Ferrari 488 Spider – both of which incorporate folding hard tops. The latter was just released this week and is set to debut at the Frankfurt Auto Show this September, giving it a good half year before its rival from Bologna hits the scene. Related Video: