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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 Urraco ownership is traumatic but awesome

Gene Ondrusek and his 1975 Lamborghini Urraco have a relationship forged in heartache. He bought the car on a whim in 1987 and had barely driven it when the timing belt snapped thanks to a bad previous engine rebuild. With the interior already a wreck, Ondrusek set off on a restoration that would take years to get the Lamborghini back together.
All of that time arm-deep in the car's mechanicals has turned Ondrusek into a pretty persnickety owner. Passengers have to remove their shoes before getting in, and he has a mat to protect the carpet on the driver's side. However, despite his fastidious temperament, this Urraco isn't a garage queen and gets driven often.
Ondrusek doesn't exactly make the Urraco sound like an unmitigated joy behind the wheel, either. The seating position forces the driver to sit at an angle, and with no power brakes or power steering, the wedge-shaped coupe is not exactly easy to handle at low speeds. Still, all that time fixing the car has clearly created a strong bond behind man and machine, and we think the wedgy, underappreciated mid-Seventies Marcello Gandini design has held up well. Get a feel for both the car and the owner's connection by watching this latest video from Petrolicious.

Jay Leno's Garage gets agrarian with Lamborghini tractor

Stepping away from the trendy and arcane, the next guest in Jay Leno's Garage is a 1968-69 Lamborghini R485 tractor. In case there's anyone who doesn't know, the same Ferruccio Lamborghini ultimately responsible for giving us the Aventador started off making tractors in his native Italy after World War II.
The specs are a long way from anything we'd expect from the company's road-going products. The vineyard and orchard tractor has a 5.0-liter, four-cylinder engine that produces 85 horsepower and 350 foot-pounds of torque, a two-foot clutch and 12 forward gears that get it from 0.3 miles per hour to 14 mph. It's also got a starter motor from a Countach.
There's a whole lot more interesting info on the farm implement, the man who built it and the man who currently owns it in the episode below.