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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

Donald Trump-owned 1997 Lamborghini Diablo sells for $1.1 million

Like every former president since the 1960s, Donald Trump is not allowed to drive on public roads; he's driven around by trained Secret Service agents. He owned some pretty cool cars before becoming president, and one just sold for $1.1 million at a Barrett-Jackson auction. Part of the auction company's Scottsdale 2024 sale, this 1997 Lamborghini Diablo VT roadster was reportedly configured and purchased new by Trump. It's finished in a shade of blue called Blu Le Mans that allegedly wasn't available to run-of-the-mill customers that year, fitted with a two-tone off-white and black interior, and equipped with a gated five-speed manual transmission. Power comes from a 5.7-liter V12 that's tuned to develop 492 horsepower and 430 pound-feet of torque, which is enough to send the supercar to a top speed of 202 mph. Barrett-Jackson notes that Trump sold the Diablo in 2002, so the "TRUMP 2016" decal on the rear window was added over a decade after his ownership, but there's a small "Donald Trump Diablo 1997" plate on the inside part of the driver's door that seemingly confirms he bought it new. The auction house notes that this car has had two owners since Trump sold it, so the person who paid $1.1 million for it is the third. @thestradman Crazy price for a Diablo VT Roadster #Lamborghini ? original sound - TheStradman While the odometer displays about 24,900 kilometers, which represents approximately 15,500 miles, the Carfax report indicates a mileage inconsistency in August 2003. That didn't deter bidders: it took less than 30 seconds for bidding to reach $500,000 and the winner spent more than twice that figure on the car. It was offered without a reserve, so the highest bidder would have taken it home regardless of where bidding stopped, but $1.1 million likely exceeded everyone's expectations; even the VT variants of the Diablo usually sell for under $500,000. For example, auction house RM Sotheby's sold a 1999 VT Roadster with about 18,800 miles for $456,000 in 2023 and a 1998 model with a little over 3,000 miles for $467,500 the previous year. Earlier rear-wheel-drive versions of the Diablo normally sell for considerably less. Celebrity ownership and an allegedly one-of-one configuration helped this Diablo VT cross the seven-figure mark. Beyond that, it looks like it has been relatively well preserved. It hasn't been questionably modified, and it was sold with its owner's manual as well as two tool kits.

2013 Lamborghini Aventador LP720-4 50 Anniversario is indeed worth celebrating

Here is the Giallo Maggio candle that carries the flame of Lamborghini's 50th anniversary: the
Aventador LP720-4 50 Anniversario Edition. There will be just 100 of them produced, each one in the buttery hue that has been the most popular color among the Lamborghini palette since the Miura arrived in 1966.
This limited-edition Aventador gets 20 more horsepower than the standard car for a total of 720 horses, and there's a new aerodynamics package to keep all of them planted on the ground. Inside, there's new leather in colors tied to the Bolognese home of Lamborghini: Terra Emilia brown or Giallo Quercus yellow, and black. A new diamond type of stitching also sets it apart from any other Aventador out there.