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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

Aston Martin 'likes the idea of Adrian Newey doing a road car'

The whispers, suggestion, and innuendo touting a supercar project that involves some combination of Adrian Newey, Red Bull, and Aston Martin will not cease. Auto Express got comment from Aston Martin CEO Andy Palmer regarding the gossip, Palmer saying, "There is rarely smoke without fire." He added that while he is on board with the idea of Newey penning something for the English carmaker, the Warwick firm is not the source of the rumors tying the two. But of course, what else would he say to the question of having perhaps the finest Formula One aerodynamicist of this generation design a coupe to wear the wings? The admission is a bit like Palmer saying he likes the idea of someone giving Aston Martin a billion dollars. He classified the situation as saying "there is no authentic program" with Newey, which sounds like official language for 'we've talked about it but there's no paper trail yet.' The project to build "an ultimate sports car" is under consideration, with designs in the works. A decision on whether to go further might come before the year is out. Or it might not. In the meantime, while we wait for the first, we'll have to do our best with the smoke and the DP-100 virtual race car that Aston Martin created for Gran Turismo 6. Related Video:

Aston Martin reveals new prototype Vantage GT3 race car at Le Mans

Aston Martin is rolling out a prototype version of its new Vantage GT3 at the Michelin Aston Martin Racing Le Mans Festival race this weekend. The race car is a replacement for the V12 Vantage GT3 but won't be homologated for competition until March 1, 2019. It's also showing — but not racing — a new Vantage GT4. Both are based on the Vantage road car. The Vantage GT3 has a dry weight of 2,745 pounds and is powered by the same 4.0-liter turbocharged V8, but the Aston racing tuners have tweaked output to 535 horsepower and 516 pound-feet of torque, up from 503 hp and 505 lb-ft. It also keeps the road car's lightweight aluminum chassis but adds a steel roll cage, Xtrac six-speed sequential gearbox, Alcon motorsports multi-plate clutch, Ohlins four-way adjustable dampers, Alcon brakes and Bosch Motorsport ABS. It's being helmed by driver Ross Gunn. Aston introduced the V12 Vantage GT3 seven years ago. It's the brand's most successful customer car and most recently won the Blancpain GT Series Endurance Cup and British GT series. Aston is keeping the Vantage GT4 on display in its paddock for potential customers and race fans. It's also set to be homologated on March 1, 2019. Related Video: Featured Gallery Aston Martin Vantage GT3, GT4 Image Credit: Aston Martin Aston Martin Coupe Racing Vehicles aston martin v12 vantage aston martin vantage gt3