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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

Bond in Motion car exhibit coming to L.A.'s Petersen Automotive Museum

The Petersen Automotive Museum was already a must-see for any car enthusiast visiting Los Angeles, and it's about to get a little better should you also be a James Bond fan. Opening Sept. 25 in the museum's appropriately named Grand Salon gallery will be the "Bond in Motion" exhibit of more than 30 cars, motorcycles, boats, submarines, helicopters and scale models used during the creation of the 24 official James Bond films. The timing corresponds with the Oct. 8 release of "No Time to Die," the upcoming 60th anniversary of the first Bond movie ... and hey, the release of our "All 24 James Bond movies ranked only by their cars." Highlights include many of the most famous Bond cars, including a 1977 Lotus Esprit S1 in submarine guise from "The Spy Who Loved Me," an Aston Martin V8 from "The Living Daylights," a 1999 BMW Z8 from "The World is Not Enough," the Aston Martin DB10 specially made for "Spectre," the post-flipped Aston Martin DBS from "Casino Royale," and one of the 1964 Aston Martin DB5s from the recent movies. I visited an exhibit of the same name back in 2013 at England's sensational Beaulieu Motor Museum. Although the one in L.A. won't be as comprehensive as that, simply due to logistics, many of the same vehicles and props will be present. You can see some of the photos from that exhibit below, and should you be a James Bond fan, can appreciate that it went much further than the Aston-heavy headliners above. In fact, it was hard to see what was missing from the collection. Tickets are on sale for the opening reception Sept. 23 featuring "one-night-only photo opportunities, live entertainment, food and martinis, shaken not stirred." Considering this is Los Angeles we're talking about, it's perfectly plausible this means noteworthy cast members from past films. Prices are $60 for general admission and $199 for VIP access, which includes exclusive access to the exhibit, "007 lounge" and a curated talk, plus complimentary food and a hosted bar.  The exhibit runs until October 2022.  AMC Hornet and Mercury Cougar XR7 View 22 Photos  

Aston Martin developing TT hybrid V6 to replace AMG-sourced V8

We knew that Aston Martin is working on a twin-turbo 3.0-liter V6 hybrid that will fit into the forthcoming mid-engined Valhalla (pictured) and Vanquish sports cars. Car and Driver spoke to Aston Martin boss Andy Palmer, who explained that the engine will effectively replace the Mercedes-AMG-sourced 4.0-liter V8. Palmer explained the rationale by saying, ""Mercedes have made no secret of where their engine technology is moving to, and obviously we don't foresee four-cylinder engines in our Astons, so we’ve got to make our own journey." Autocar reported recently that the next AMG C 63 will be powered by a plug-in hybrid four-cylinder. Aston Martin's V6-for-V8 substitution means the Vantage, DB11, and DBX will eventually get V6 power, too, although it's not clear when that will happen. Production of the Valhalla, the model that first brought news of the coming V6, is slated to begin in late 2021. Palmer all but said the six-cylinder will be more powerful than the eight-cylinder it replaces because "there's no way our customers are going to expect to step backward" as far as output's concerned. Regarding the Valhalla, last year when C/D "suggested to an Aston spokesman that the car would need to produce at least as much as the 789-hp McLaren Senna to be regarded as a worthy opponent, he agreed that was a fair assessment." At the other end, the V8-powered Vantage makes 496 horsepower, leaving plenty of room for graduated tunes among the sports cars. Engineers will need to focus on getting the sound right, Palmer adding, "As long as it feels like a V-8 and sounds majestic, I think it's a perfectly sensible way to go, and a lot more sensible than an [inline] four would be for us." Electric help will take a less revolutionary form than we're seeing in a number of modern super sports cars. The V6 won't go plug-in, Palmer wary of the necessary weight gain; Lamborghini's spoken at length about its trouble finding suitable concepts for the next-gen hybrid powertrains for the Huracan and Aventador that provide an acceptable weight/performance balance. Aston Martin's plan is apparently to stick with the Valkyrie template, putting an electric motor between the engine and a traditional transmission, instead of using a transmission with an integrated e-motor as seen on coupes like the Acura NSX and Ferrari SF90 Stradale. Aston Martin intends to go against the current in another way, too, at least for now.