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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

Ferrari design contest winner is sleek Manifesto concept [w/videos]

Ferrari asked students at a selection of top design schools around the world to submit their best ideas, and this is the one that a jury of people close to the company unanimously chose as the winner. It's called the Manifesto, and it was designed by six students at the ISD-Rubika in Valenciennes, France. The sleek design features a single line extending from the nose, rising between the arched fenders, over the greenhouse, and back to the tail. The rear wheels are spaced from the tapering greenhouse in a manner not unlike those on the Ford GT. There's a snorkel air scoop on the roof, thin strips for head- and taillights, and a split cockpit that opens with canopy-like clamshell doors. The striking shape is rendered in black with red highlights, and appears to be propelled by some manner of jet engine. The jury was made up of designers, engineers, collectors, and drivers – including Paolo Pininfarina, Sebastian Vettel, Nick Mason, and Jay Kay. Despite their varied backgrounds, Ferrari says their decision was unanimous in singling out the Manifesto as the clear-cut winner. They also made special mention of the FL, a futuristic cockpit layout designed by Roman Egorov – a Russian student at the Hochschule Pforzheim in Germany. The results from an online poll also awarded the popular Premio Speciale to the de Esfera designed by three students from Hongik University in Seoul, South Korea. Check out the winners in the gallery above and the videos below. You can also review all the entries in the supplemental gallery at bottom, and if you think the jury made the wrong call, share your thoughts in comments. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Presenting Manifesto – The Ferrari of the future Winners of Top Design School Challenge announced Maranello, 15 January – The Manifesto, the FL and the de Esfera are the three winning models in the third Top Design School Challenge, in which four prestige institutes submitted three designs each of the Ferraris of 2040. The jury comprised Ferrari exponents in the broadest sense of the term from designers to engineers, drivers and even famous collectors: Nicola Boari, Franco Cimatti, Aldo Colonnetti, Rodolfo Gaffino Rossi, Jay Kay, Flavio Manzoni, Nick Mason, Andrea Militello, Paolo Pininfarina and Sebastian Vettel.

Ferrari P80/C one-off built for 330 P3/P4, 1966 Dino 206 S fanatic

For more than four long years, one person has kept a major secret with Ferrari. The company and the client were working on a project that Ferrari calls its "most extreme one-off design ever." Inspired by the 330 P3/P4 and the 1966 Dino 206 S, the P80/C is a new-age take on a track-focused sports prototype. Typically for these types of specialty builds, Ferrari does as they've done in the past and reshapes a new exterior over an existing car from the for-sale lineup. But because it is a track car, Ferrari used the 488 GT3 as a starting point, and made "radical changes" to the equipment from there. It not only has a slightly longer (about two inches) wheelbase than the 488 GTB, but it also has a cab-forward design rather than the 488 GTB's centrally located cabin. Ferrari says this allowed for more creative freedom and played a major part in how the design took shape. Flavio Manzoni and the Ferrari Styling Center set out to make what they described as a "Hero Car." The client's direction was to make a "modern sports prototype" with design cues from the 330 P3/P4 and the 1966 Dino 206 S. These two cars carry significance in Ferrari's design history, as they impressed on the track but also influenced future road cars such as the Dino 206/246 GT. With heavy involvement from the client during the process, Ferrari has been working on this car since 2015, the longest the company has ever spent on developing a one-off. Starting from the ground up, aerodynamics played a major part in the appearance of the P80/C. A gigantic front splitter, which is specific to this car, snuggles the ground and extends beyond the dimensions of the body. Visually, it carries on along the flanks with aero skirts, and circles around the rear with a bulky exaggerated diffuser. The lower kit is left in exposed carbon fiber, creating a two-piece look that's separate from the Rosso Vero body paint. Ferrari says only pieces that were strictly functional were highlighted with bare carbon and that the car has a five percent aerodynamic improvement over the 488 GT3. For the designers, the P80/C was a safe space of opportunity and experimentation. It is a track car that does not fall under racing regulations, but it's also a customer production car that is not forced into road-ready restrictions.