2006 Lamborghini Gallardo Spyder Convertible 2-door 5.0l on 2040-cars

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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

Valet Crashes Lamborghini Outside Of Hotel

Security cameras were rolling as a valet at a swanky hotel in India crashed a Lamborghini Gallardo while trying to pull forward into a crowded driveway. In the video, the $187,000 supercar lurches forward and hits several cars and a hotel worker before careening into a wall. The hotel worker was taken to the hospital for minor injuries and released the same day, according to The Telegraph. Police are investigating the crash to determine if the hotel or the valet owes the car's owner damages. This seems like an egregious error in judgement, but valets are people too and they make mistakes. Earlier this year, a valet forgot to put the parking brake on a vehicle, which allowed it to roll into the ocean. Another valet accidentally allowed an SUV to roll down a ramp and into a wall in a parking garage. Related Gallery These Pricey Rides Are Among The Best Of The Best Weird Car News Lamborghini Safety valet

Atelier Jalaper's new watch made from Lamborghini Miura bulkhead

Last August, French watchmaker Atelier Jalaper announced itself with an automatic timepiece whose dial was cut from the hood of an Aston Martin DB5. The next collection is ready, this one with an Italian flavor. After another lengthy search, the company located a burned-out Lamborghini Miura P400S in Avignon, France. We're told a section of the aluminum bulkhead between the engine and the trunk escaped the fire, and with this, Atelier Jalaper created the AJ-P400. Instead of the Miyota automatic movement used in the DB5's AJ-001 and AJ-002 watches, the AJ-P400 is based around a Sellita SW200-1 manual caliber. Anyone without a watch winder will need to restore the power reserve after about 45 hours. The oval-shaped 39.5-millimeter satin-finished steel case shows off the first Miura connection: An oval outer bezel surrounding a circular dial, recalling the oval "eyelash" treatment around the Miura headlights. The chapter ring around the bezel comes in four colorways close to original Miura hues of Azzuro Cielo (blue), Verde Miura (green), Arancio Miura (orange) and Nero Cangiante (black). The Miura wreck provides the aluminum dial, its face textured and anodized matte black. The lengthy hash marks and somewhat crowded numbers are inspired by the Miura's speedometer. At bottom, instead of a Lamborghini logo and unit indicator, the watch shows the power reserve meter. And the band makes a callback to Miura seats. Last year's Aston Martin watch was produced in a run of 1,200, costing from ˆ800 ($852 U.S.) to ˆ1,150 ($1,225 U.S.). The Miura timepiece will be more rare and more dear, coming in a run of 400 examples, each costing $2,000. Orders are open now, the first samples to be delivered in July. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.