auctions

auctions

To be among the first to own the newest and shiniest hardware has always been coveted, and that still held true as the opportunity for ownership of the first production 2015 Ford Mustang rolled across the Barret-Jackson auction block on Saturday, January 18th.

The winning bidder will pay Ford a handsome sum of $300,000 for the Mustang after a back-and-forth bidding war between the competing contenders. What’s more, all the proceeded will be given to the Juvenile Diabetes Research Foundation, a foundation whose purpose is researching treatments and cures for Type 1 diabetes in children.

Although the deep blue 2015 Mustang was on the block, it isn’t the one up for auction. The lucky winner will get to custom order their 5.0-liter-powered GT with either the six-speed manual or six-speed automatic; with any interior and exterior color Ford offers; and any factory-optioned striping combination. The Mustang will be the first off the assembly line when production begins later this year.

Click past the jump for more info on the 2015 Ford Mustang

Chevrolet Camaro Z/28

First-production models for the Camaro usually find themselves on the auction block with proceeds being sent directly to charity.

So, when Chevrolet announced last week that it was sending the first-production models of the 2014 Chevrolet COPO Camaro and the 2014 Z/28 Camaro to Barrett-Jackson, none of us were surprised the least bit.

What we did find surprising, though, was the enormous interest bidder had in both cars, culminating in a total auction of $1.35 million. Broken down, the Z28 netted an impressive $650,000 and the COPO Camaro received $700,000.

Compare that to the $400,000 the 2013 COPO Camaro Convertible fetched in the same event last year and we’d consider that almost 100-percent bid increase proof that the new look of the Camaro, coupled with the uniqueness of the models, equates to a lot of interest from a lot of people.

Besides, the amount both cars received will go to a good cause, with the proceeds from the COPO Camaro going to the Achilles Freedom Team of Wounded Veterans and the money from the Z/28 will go to Detroit’s Cornerstone Schools.

Good on the buyers of both first-production models for shelling out that much money; just goes to show that people are willing to fork over money to score these muscle cars .

Click past the jump to read about both new Camaros

Posted on by Simona  

The 2014 Detroit Auto Show is pretty much in the books — at least for the press — so our attention is now focused on this weekend’s Barret Jackson Scottsdale collector car auction. Lots cool cars will be auction in here, including supercars , classic cars and muscle cars , so if you have the money this is the place you want to be during this weekend.

Two of the models to be auctioned this weekend come from Chevrolet . We are talking about the first retail-production 2014 Camaro Z/28 and the first limited-production 2014 COPO Camaro . All the proceeds coming from selling the COPO Camaro will go to Achilles Freedom Team of Wounded Veterans and the ones from the Z/28 will go to Detroit’s Cornerstone Schools.

The COPO Camaro will feature a very cool, one-off COPO Ice Blue Metallic satin paint scheme and a LS-based, supercharged 350-cubic-inch engine. The Camaro Z/28 will feature identification number ending in 0001.

Click past the jump to read more about the 2014 Camaro Z/28 And COPO Camaro.

Posted on by Simona  

This weekend not only marks the beginning of the 2014 Detroit Auto Show , but also the launch date of the annual Barrett-Jackson Collector Car Auction in Scottsdale, Arizona. The 43rd edition of the auction will be a special one, as the company prepared a series of special vehicles that will be auctioned to benefit the Carol M. Baldwin Breast Cancer Research Fund.

One of these vehicles is a 2008 Bugatti Veyron 16.4 owned by Simon Cowell. When Cowell bought the Veyron back in 2008, it was the fastest street-legal vehicle in America, so this makes it even more special.

The car comes with only 1,300 miles on the odometer and all of them were with Cowell at the helm. It features a custom black paint with black interior — this is one of just a few Veyrons offered in American in this configuration. The car also benefits from a full one-year, extended factory warranty offered directly through Bugatti.

Click past the jump to read more about the Bugatti Veyron 16.4

Posted on by Tushar  

Here we are with some more Ferrari news; this time it is about a Ferrari F40 .

The F40 was and still is an extremely potent track car that hails from the motorsport specialists at Ferrari . The F40 was built it to commemorate the prancing horse’s 40th anniversary, and it went on to win the hearts of car enthusiasts around the world. However, it is not a car you take for granted because it can turn around and bite you, if you lose focus behind the wheel.

That’s exactly what happened with a F40 owner sometime back. Sadly, he ended up crashing it to such an extent that he decided to sell it off. A bunch wise fellas from Gas Monkey Garage then bought it for $400,000 and set on the journey of rebuilding this awesome supercar .

What they came up with is even more breathtaking; a Ferrari F40 for the 21st century. A complete rebuild later, they now plan to auction it off at this year’s Barrett-Jackson auction. The restoration work was aired on the popular TV series "Fast N’ Loud" Given the long hours put in by the team, the car could fetch more than $1 million. So, a $600,000 margin may be good enough.

The 2014 Barrett-Jackson auction will be held from January 12th through 19th in Scottsdale, AZ.

Click past the jump to read more about the Ferrari F40 by Gas Monkey Garage

Posted on by Tushar  

Ever wondered, why the Ferrari 250 GT LWB California Spider has "California" in its name? Here’s why. A Ferrari dealer based out of the U.S. requested the company to make a car named after their biggest market and hence the name. The sunshine state of California has been the home of Hollywood for ages and money was never short.

Even today, the sheer number millionaires in the state is mind-boggling. That said, with the advent of the age of information and technology, a new generation of billionaires have emerged. Anyway, back to the California Spider. The 1958 Ferrari 250 GT California Spider LWB will hit the auction block soon.

Experts suggest, the car could be valued over $8 million! One reason for such a high price is the fact that back in the days, Ferrari only built 50 examples of the California Spider. Now, the Ferrari 250 GT was a thoroughbred racer on which the California was based. The "LWB" stands for "Long Wheelbase". The market for old and rare Ferraris is huge. Only this year, RM Auctions sold an equally rare Ferrari 275 GTB/4S NART Spider for 25 million dollars!

And that’s not all, an even exclusive Ferrari 250 GTO fetched no less than $50 million. A short wheelbase version of the 250 GT California Spider also found a buyer recently. He apparently shelled out $11 million for the 250 GT California Spider SWB. The LWB California that is to be auctioned by RM Auction in Arizona is the 11th chassis (out of 50) produced by Ferrari and worked upon by the legendary metal worker Scaglietti.

Click past the jump to read more about the Ferrari 250 GT California Spider LWB

Posted on by Simona  

As pretty much no surprise to anyone, the first retail 2015 Ford Mustang will be auctioned for charity at the Barrett-Jackson auction in Scottsdale, Arizona on January 18, 2014. All the proceeds will go to JDRF (Juvenile Diabetes Research Foundation) — the country’s leading global organization funding type-one diabetes research.

The Mustang crossing the block will be a GT model, and it will feature a V-8 engine with an output of "at least" 420 horsepower and 390 pound-feet of torque. The car features all-new front and rear suspension systems, more precise steering control and enhanced ride comfort.

During the auction, Ford will also offer its fans the chance to ride in and drive its best models in the 2014 lineup and its resident performance models, like the Shelby GT500 , Focus ST and Fiesta ST .

Visitors will also have the chance to see the special Mustang GT500 developed for the new "Need for Speed" movie, which is set to arrive in theaters on March 14, 2014.

Click past the jump to read more about the 2015 Ford Mustang.

Posted on by Tushar  
1988 Sledgehammer Corvette

The Bugatti Veyron Super Sport can do 267 mph. The McLaren F1 from the 1990s could reach 240 mph. Not just once or twice, but given a straight enough road and a private police force to keep traffic out of the way, these cars can do those speeds all day long. You would probably need to carry a fuel tanker and semi full of spare tires along, but that’s the cost of having that much fun.

The Mclaren F1 had been the fastest production car for some time. Until, the Bugatti Veyron came along. Even before the McLaren F1 was conceived, the Ferrari F40 was the fastest production car with a top speed of 201 mph. However, things could have been very different if Callaway had made a claim for the title.

The Sledgehammer, which was essentially a hopped up and seriously modded Corvette, was developed in the 1980s and featured some of the most advanced aerodynamics for its time. So, why did this Corvette require such sleek aerodynamics? Well, to allow the Callaway Sledgehammer to hit its mammoth top speed of would top out at 254.76 mph.The Sledgehammer hit this top massive top speed on October 26th, 1988 with John Lingenfelter behind the wheel.

The aptly named Sledgehammer achieved what the Bugatti Veyron could do almost two decades later. Now you have the opportunity to own the Sledgehammer — one of the rarest cars on Earth — as it is set to cross the auction block. Unfortunately, the winning bidder won’t be permitted to drive it on public roads.

Click past the jump to read more on the Sledgehammer and to see the 1988 video of the Sledgehammer hitting this massive top speed

On the surface, this may not look anything close to an attractive special edition model, but Opel , together with MotoGP star Valentino Rossi and designer Aldo Drudi, is attesting that there’s more to this Opel Adam than meets the eye.

For one, the model has been specifically dubbed the Adam & Vale for Charity, a one-off creation that was designed by no less than Rossi and Drudi themselves. A lot was put into the design of this particular Adam to make it stand out from the rest and both Rossi and Drudi put in the time to accomplish that.

The custom paint finish on the body of this Adam was derived using MotoGP as inspiration. The choice of colors — hints of silver, grey and lime green — were intentionally used to evoke the spitting image, or at least, resemblance to the world’s premier motorcycle racing series. Inside, the colorful interior cabin was equipped with Dainese leather seats with a style inspiration taken from a motorcycle suit, similar to the ones that Rossi uses when he’s out racing all over the world.

More importantly, the Adam & Vale for Charity is as its name suggest: a car that will be auctioned for charity this coming December with the proceeds benefiting the Meyer Children’s Hospital Foundation.

Click past the jump to read about the standard Opel Adam

Posted on by Tushar  

If it’s a classic from Maranello that is rare and has won races in the past, you can’t expect it to come cheap. That fact that was proved once again at a car auction in New York, where a gorgeous 1964 Ferrari 250 LM, along with other more collectible items from the history of the automobile, were on sale.

Noted auction houses, Sotheby’s and RM Auctions , brought 32 trophy vehicles that fetched a total of $62.8 million in sales. Of that $62.8 million, the Ferrari 250 LM was contributed a whopping $14.3 million, more than double that of the previous 250 LM sold and a new record for the model.

The sale of the 1964 250 LM also got its name in the costliest Ferrari’s ever sold list. Ferrari never produced more than 32 examples of the 250LM.

Click past the jump to read more about the 1964 Ferrari 250 LM


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