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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 yacht by Tecnomar is 4,000-hp tribute to the Lambo Sian FKP 37

Lamborghini is no stranger to the boating industry, it developed a pair of marine engines in the 1980s, but it has never made its own boat. It took a step toward the world of yachts when it teamed with Italian firm Tecnomar to design a high-performance vessel inspired by the limited-edition Sian FKP 37 introduced in 2019. It's quick, rare, and head-turning, and it was deemed worth of wearing the company's Raging Bull emblem on its bow. Tecnomar (a boatmaker owned by The Italian Sea Group) worked directly with Lamborghini's Centro Stile to inject some of the design DNA that characterizes Sant'Agata's supercars into a yacht. The end result stands out with a strikingly rakish silhouette, Y-shaped LED lights on the front part of the hull, and hexagonal glass on both sides. They draw a visual link between the yacht and Marcello Gandini-designed cars such as the Miura and the Countach. Settling into the captain's chair feels a lot like slipping behind the wheel of a modern-day Lamborghini, except you're sitting taller, you're floating on water, and there's a lot more space around you. In lieu of an old-fashioned wooden helm, Tecnomar installed a three-spoke steering wheel that looks a lot like the unit Lamborghini currently puts in its cars. It even has a 12-o'clock mark, which seems more than a little superfluous when you're motorboating. Digital gauges display vital information about the boat and its surroundings, including navigation data, and the throttle levers are reminiscent of the drive mode selectors found on the center console of the Urus.     Buttons lifted straight out of the Lamborghini parts bin are used to start the engines -- and, yes, that's plural. While the Sian is the company's first production-bound hybrid model, there is nothing electrified about its water-going sibling. Power comes from a pair of V12 engines built by MAN and each rated at 2,000 horsepower. Performance specifications haven't been released yet, but it sounds like the yacht needs a 4,000-horse punch because it's 63 feet long and it weighs about 53,000 pounds. It's relatively light all things considered thanks in part to the use of carbon fiber in its construction, and it falls in the ultra-lightweight boat category. Tecnomar expects to deliver the first boats in early 2021. It capped production at 63 units globally, and it priced each one at $3 million before options are factored in.

Lamborghini: We did not cheat on Nurburgring record

"Why would we [cheat]? We have all the data, all the GPS data. It's verified. It's already verified." – Lamborghini CEO Stefano Domenicali Lamborghini is doubling-down on the legitimacy of the Huracan Performante's production-car record at the Nurburgring. The Italian supercar maker should have been on a high when it launched its Huracan Performante at the Geneva Motor Show, but it was instead forced to defend the 6:52.01 lap time on the Nurburgring's Nordschleife circuit in the wake of criticism. Skeptics suggested the footage had been sped up from a rate of 24 frames per second to 25, arguing the 'authentic' lap time would have been closer to 7:08. James Glickenhaus, the owner of ultra-low volume supercar maker Scuderia Cameron Glickenhaus, even called for the circuit to hold a special day to verify production car lap times. View 12 Photos "Why would we [cheat]?" Lamborghini CEO Stefano Domenicali asked incredulously. "We have all the data, all the GPS data. It's verified. It's already verified. "The simulation we did before we did the lap was already better than the previous time [set by Porsche's hybrid supercar, the 918 Spyder]. "What we saw was the great potential of active aerodynamics. The Nurburgring is a lot of partial throttle and long corners. The SV [Aventador] was for sure faster on the straight, but the lap [by the Performante] was all recorded." A Lamborghini spokesman suggested the entire controversy was rooted in "one blogger's business model [of] paying for clicks." Audi Sport development head, Stephan Reil, also weighed in during last week's Audi RS3 launch, insisting Lamborghini would have had no reason to cheat at anything and that its active aerodynamics would have more than made up for any power shortfalls. Audi is a sister brand of Lamborghini under the ownership of Volkswagen Group. "We also know that architecture well [the Huracan shares its architecture with Reil's R8]. We know what it's capable of," Reil said. "The Performante 'Ring time is absolutely credible. Active aero makes a huge difference. "We did a TT production racer for the 'Ring with about 380 horsepower and gave it maximum wing. It was so slow down the straight that everybody passed it, but the overall lap time was very, very fast. Much faster than without the aero downforce.