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Classic Vettes are on the upswing in values this year, with the $3.2 million earned by this 1967 L88 Sting Ray Convertible at Mecum’s Dallas auction the highest total yet for any example of America’s sports car .

Corvette collection can become an obsession thanks to the huge variety of models, special editions and racing derivatives over the model’s 60-year history. Just like a bag of chips: once you pop... you can’t stop collecting these iconic machines.

Valuations for these models are incredibly sensitive to the car’s history, rarity and restoration quality. Beauty and the driving experience take a back seat to the engine specification and matching serial numbers. As such, this investment-grade L88 convertible’s huge earning at auction is a bit confusing to outsiders.

Part of a giant Bobby Herin collection sold by Mecum Auctions, to an outsider’s eye there seem to be many more special and beautiful examples out there, including some from Mr. Herin’s garage as well.

But they provenance of this L88 convertible is beyond reproach, with all the required documentation, the fuel tank sticker, and the other minute details collectors look for when purchasing a car at these prices. The authenticity of the interior adds patina, as does the car’s NHRA drag racing championship, old drag racing time slips, and the painstakingly-recreated original Marlboro Maroon paintjob.

How cool is this L88? It was beyond a ZR1 upgrade in its day, and the color directly influenced the new 2014 Stringray Convertible’s launch color .

Click past the jump for the full review of the most valuable Corvette (and perhaps any American road car) ever sold at auction, this 1967 Chevrolet Corvette L88 Convertible.

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Ever the tornado of creativity and speed, Ferrari was quite a volatile company in the early 1960s. For every race Enzo won, it seems like the Old Man made a few enemies as well. The failed buyout from Ford and the epic “palace revolution” of management resulted in a brain drain at Maranello.

Competing hot-shot engineers would form nearly a dozen competing supercar marques, including: Lamborghini , De Tomaso , Iso , ATS, ASA and Bizzarrini .

Each led by a mastermind engineer, stylist, machinest or visionary, only Lamborghini’s brand was strong enough to make it to the 1970s and beyond. The Ferrari exodus left all these talented men with huge ideas, but less of a real concept of how to bring the car to market effectively and resolve development problems outside their specialized area of experience.

Giotto Bizzarrini worked with all of the above firms before eventually launching what would be his best-known model: the 1965 Bizzarrini 5300 GT Strada Alloy supercar. With all the latest curves, a wide road graphic and a low roof: the Strada was a gorgeous hit right from the start.

Sharing the low nose and mid-engine stance of the Lamborghini Miura , the Strada is actually a front-engine coupe powered by a reliable and torque-rich 5.3-liter Chevrolet small-block V-8 .

That’s right, the long history of Chevy small-block V-8 engines in bespoke supercars started well before the 2013 Local Motors Rally Fighter ’s 6.2-liter LS3 motor.

Click past the jump to read more about the 1965 Bizzarrini 5300 GT Strada Alloy, with high-res images and performance details on its proven 161 mph top speed.

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Only a 1950s Maserati Spyder racecar could decline a $2.2 million dollar auction bid and go home disappointed. This 1953 Maserati A6 Sypder by Fantuzzi did not sell after failing to meet its reserve, but is still one of the most breathtaking automobile designs in history.

Who knows what collectors are thinking during these boozy social events of the high-dollar auction world. This Spyder, known by its code name of A6GCS/53 and/or chassis number 2053, has had quite the racing history to go with its stunning red paintwork, topless style and luxurious Jaeger dashboard gauges.

Despite some on-track crash damage in 1955 and a Chevy engine living under that soft nose in the 1960s, this Maserati Spyder is finally back in concours condition following a six-figure restoration since coming back to America in 1999.

Originally a U.S.-imported racing machine, the legendary Juan Miguel Fangio even took this exact Maserati Spyder for its first few laps in 1954.

Like many racecars from bygone eras, the Maserati A6 Spyder by Fantuzzi does not have mind-popping performance specifications or top speed claims. What is does have is true classic car history, with every panel and curve of this gorgeous bodywork telling the stories of long-passed racing glory for the Trident brand.

It also can stop your heart with its simple and delicate beauty, and knowledge that its drivers needed equal parts bravery, physical strength, and mental focus to take home podium trophies.

Click past the jump for the full review of the 1953 Maserati A6GCS/53 Spyder by Fantuzzi, certainly one of the best-looking racing speedsters in automobile history.

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This 1958 Facel Vega coupe has not been seen in public or ever sold at auction in its 55 years living in Texas. Part of a 300-unit run in total, the FVS Series 4 Sport Coupe is widely viewed as the most elegant and successful car from this fledging Parisian automaker. Powered by the potent Chrysler 6.4-liter Hemi V-8 from the 1950s, the Facel Vega has distinctly European elegance in its styling, but proportions that made this car look like a tank versus the mini cars otherwise driven by the French middle class.

Originally advertised as the car “For the Few Who Own the Finest,” Facel Vega’s were ideal transport for the Monaco crowd. A two-speed, pushbutton automatic and Bugatti -quality cabin materials set the tone for a giant price.

A cruiser at heart, the FVS Series 4 Sports Coupe brings together two sides of the Atlantic in a partnership that would spin pure gold for Carroll Shelby when done the other way around.

Shelby brought over a few of the lightest and smallest European roadster he could find, then added a monster American V-8 engine. Facel Vega went a different route, importing the frame chassis and engine of Chrysler 300C to France, before adding custom coachwork outside and in.

Both were big advancements toward international collaboration during a time when even mailing a postcard from New York to Paris took almost 6 weeks to arrive.
This coupe does not major in business lessons, as it was the high point for Facel Vega’s car manufacturing venture. The Facellia replacement was a failure, taking the company and its styling grace with it.

Click past the jump to see more about the 1958 Facel Vega FVS Series 4 Sport Coupe, with exquisite images of its red leather cabin and bespoke luggage.

To go along with the 2013 Pebble Beach Concours d’Elegance were a few auctions that typically have 10 to 12 million-dollar cars on hand each and every year. This year was no exception, as RM Auction’s Monterey auction had a total of 15 million dollar hammer values, but that’s not the most imressive number of the weekend.

The most impressive of the million-dollar club this year was the price tag that the 1967 Ferrari 275 GTB/4 *S N.A.R.T Spider. This 1-of-10 model went for an astounding $27.5 million once the hammer fell on it, making it the second-most valuable car ever sold at auction and the most valuable Ferrari ever sold at auction by a long shot.

Reports point toward the car heading to the waiting arms of Canadian fashion businessman Lawrence Stroll, but those reports are not confirmed. Either way, whoever landed this Ferrari certainly has one of the most rarest cars on the planet and a much lighter wallet. Plus he gets to tinker around in a classic supercar with an incredible-for-the-era 3,286 cc quad-overhead-cam V-12 powerplant that blasts out 300 horsepower.

Alongside this outrageous auction price, there was also a 1928 Mercedes-Benz 680S Torpedo Roadster that went for $8.25 million; a 1954 Ferrari 500 Mondial Spider Series I that went for $3.52 million; and a 1974 McLaren M16C Indianapolis that went for the same $3.52 million.

Click past the jump to see the full million-dollar sales from this past Saturday.

Mecum Auctions - Monterey 2013 Preview

An event like the Pebble Beach Concours in Monterey, California will always draw a crowd. But unlike most auto shows, the type of crowd that goes to these events are the ones that are ready to plop down the checkbook once they see something they want.

With multitude of auctions on tap, one in particular that’s worth mentioning is the Mecum Auctions. Scheduled to take place from August 15 to 17, beginning at 10 a.m. everyday, the Mecum Auctions will feature some of the finest classics you’ll ever get to see in one setting, a fitting tribute to the esteem of the auction as a can’t-miss event during the week-long festivities.

This year, the Mecum Auctions will have its share of classics with estimated auction prices in the millions for some, if not most, of the models.

That’s the prestige attached to the Mecum Auctions and one that’s rightfully earned.

Click past the jump to read about a few of the classics that will headline the 2013 Mecum Auctions this week

RM Auctions - Monterey 2013 Preview

Auction season is now in full swing and if your bank accounts haven’t taken too much of a hit yet, you might need to brace yourselves for the financial beating you might take when RM Auctions holds its annual event at Monterey this weekend.

Scheduled to take place on Friday, August 16, and Saturday, August 17, RM Auctions will feature a whole lot of classics and exotics that will undoubtedly catch the attention of attending car collectors at the Pebble Beach Concours d’ Elegance in Pebble Beach, California.

That’s the allure of all the events that make up this week-long classic-car festival. No matter what kind of name it has, the third week of August has turned into a calendar fixture for auto enthusiasts of all generations.

RM Auctions will be there and you’ll get to see a what’s what list of classic vehicles, some even dating back to the early part of the previous century. So fill up those checkbooks, folks. There’s a good chance that you’re going to be writing a whole lot of checks this weekend if you fancy any of the classics that will be auctioned off by RM Auctions.

Click past the jump to read about three classic cars that could fetch millions at RM Auctions this weekend.

Source: RM Auctions
Ford Mustang Shelby GT500

At some point in time, the Shelby Mustang GT500 Convertible will be a collector’s piece that will likely cost a pretty penny, especially if it’s the last ever produced.

But that’s well into the future, probably decades away from now.

At the present time, though, the final 2014 Shelby Mustang GT500 Convertible still commanded plenty of attention at the recent Hot August Nights Auction presented by Barrett-Jackson. The whole auction was a resounding success with total sales numbers eclipsing $14.2 million.

As expected, the biggest contributor to that total was the final 2014 Shelby Mustang GT500 Convertible, accounting for $500,000 when the hammer fell on its auction. That may seem like a steep price to pay for a car that routinely costs at a little over a tenth of the price that this unique model fetched in the auction.

That being said, nobody else can lay claim to owning the last ever produced Shelby Mustang GT500 and besides, as the last of the lot, the winning owner now has the opportunity to completely customize the car to its full bloom.

At some point in the future, this model could very well be worth way more than the half-a-million the winning bidder paid for the right to own it.

Click past the jump to read about the 2013 Shelby Mustang GT500 Convertible

Posted on by Simona  

Ford announced today that the last retail 2014 Shelby GT500 Convertible will be auctioned on August 9, 2013 at the Hot August Nights Auction presented by Barrett-Jackson. All the proceeds will go to the Brain Injury Association of America.

The winner of the auction will have the possibility to customize the GT500 Convertible according to his or her personal desire. Ford offers the opportunity to choose between any imaginable interior, exterior and striping package that will offer a buyer to create a one-off GT500. The car will also be signed by Indy 500 winner, Parnelli Jones, who will attend the auction as well.

At the auction, Ford will also offer both Ride-and-Drive and hot lap experiences in the parking lot of the Atlantis Casino Resort. Visitors will have the chance to experience models like Shelby GT500, 2014 Focus ST and 2014 Fiesta ST .

Click past the jump to read more about the Shelby GT500 Convertible .

Chevrolet will unveil four customized Camaros at SEMA

If this special edition Camaro looks eerily familiar to you, it’s because this car has been around for a number of years now. It’s called the 2010 Chevrolet Camaro GS Racecar Concept and it was built by Riley Technologies and General Motors’ High Performance Vehicle Operations as one of four customized Camaros at SEMA 2008 .

Four years after wowing the crowd in Las Vegas, the Camaro GS Racecar Concept returns to the headlines because it will be up for sale at the Mecum Auctions next month as part of the Monterey Car Week.

The car draws inspiration from a particular racer from the past, specifically the 1969 Camaro Trans-Am racecar driven by Mark Donohue. The Camaro GS Racecar Concept was even painted in the same deep-blue paint scheme that comes with accented yellow graphics, a yellow-painted interior and yellow racing wheels.

In addition, the prototype also had its seams welded to go along with carbon-fiber fenders, doors, hood and trunk. A 3-inch exhaust system with aftermarket mufflers took the place of the stock equipment, while the car’s standard LS3 V-8 engine was fitted into solid engine mounts and mated to a close-ration six-speed manual transmission.

Organizers at Mecum Auctions don’t have a specific price for the one-off prototype, but they do estimate the hammer falling in the low-to-mid six digits.

Click past the jump to read about the Chevrolet Camaro


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