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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-Red Bull Racing V12 hypercar | Autoblog Minute

Aston Martin and Red Bull Racing are teaming up for a hypercar. This week we got our first look at it, as you can see, this is an amazing looking car. It's going to be known as the AM-RB 001.

1980 Aston Martin Bulldog concept will reattempt to break the 200-mph barrier

Aston Martin's 1980 Bulldog concept will receive a second chance to break the 200-mph barrier after it emerges from a complete, 18-month restoration. It was developed with all-out speed in mind — the British company had hoped the coupe would become the fastest car in the world, but it missed its target before getting shelved. Had things gone as planned, car-crazed kids in the 1980s would have grown up with a picture of the Bulldog on their bedroom wall. Aston Martin wanted to hoist itself up the exotic car pecking order by building the fastest car in the world, though it didn't envision more than a limited production run of 15 to 25 cars. Penned by William Towns, who also drew the Lagonda, the Bulldog looked like nothing else on the road (let alone in the Aston Range) due in part to its five center-mounted lights, and it broke with tradition by adopting a mid-mounted engine. Engineers floated a top speed of 237 mph, according to The Drive, but the Bulldog ran out of breath at 191 mph. Victor Gauntlett axed the project shortly after taking the top job at Aston Martin in 1981 because the numbers didn't add up; the firm wasn't in a position to chase speed records. Now, 40 years later, it's almost time to try again. Classic Motor Cars began the lengthy process of restoring the Bulldog on behalf of a private owner in 2020, and it enlisted the help of Aston Martin factory driver Darren Turner to see if it can break the 200-mph barrier once it's back in one piece. Richard Gauntlett, the son of the company's former boss, is overseeing the project. We don't know precisely when or where the speed run will take place, but Classic Motor Cars aims to have the Bulldog running by the end of 2021. In a statement, it said that the car is "well on the way to being restored." Restoring any exotic car from the early 1980s is a meticulous, expensive, and time-consuming process, and bringing a one-off concept car back to life increases the number of challenges exponentially. Classic Motor Cars can't order parts from Aston Martin, for example, and it's not able to study another example to find out how a specific panel is welded. It helps that the Bulldog hasn't been significantly modified over the past four decades, though some parts (like the door mirrors) were added later, and that it was complete when it arrived at the shop. Power for the Bulldog comes from a 5.3-liter V8 that's twin-turbocharged to 600 horsepower, figures that are still respectable in 2021.