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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Mar 31 2012, 3:01 PM

To the person (or persons) holding the golden ticket to the $640 million Megamillions Lottery jackpot: here’s a way for you to spend the money.

Last month, a special Ferrari 250 GTO sold for a record $31.8 million US dollars, making it the most valuable Ferrari in the world. Now, imagine a parade full of valuable classic Ferrari GTOs traveling at speed in two lane back roads.

The following video beautifully captures the sights and sounds as a convoy of fire breathing Italian red heads travel along to the annual Amelia Island Concours d’Elegance. What’s more, feast your eyes on other rare metals present at the venue as well.

Enjoy the video below: Continue Reading…

 |  Mar 14 2012, 2:45 PM

Last month, we reported that an impressive Porsche collection from the Drendel Family was heading to Amelia Island for auctioning. At the time, we knew the impressive collection was destined to fetch a good amount, but we don’t think anyone estimated these sale numbers.

Thanks to the assistance of the Drendel Family Porsche collection, 11 world records were set including the 1973 Porsche 917/30 Can-Am Spyder we mentioned previously. Fetching $4.4-million, it is now the most valuable Porsche ever sold at an auction in the world. 17 of the Drendel Family Collection Porsches sold for a combined $17.7-million.

Other Porsches that set records include a 1955 Porsche 550/1500 RS Spyder that got $3,685,000; a 1974 Porsche 911 Carrera RSR Turbo 2.14 at $3,245,000; a 1976 Porsche 935/76 for $2,530,000; and a 1984 Porsche 962 that went for $1,925,000. World auction records were also set for a the 911 GT1, 906, 934, 924, 968, and 944.

In total there was over $36-million in sales with 70 out of the 77 lots sold at the Amelia Island Auction. That is double from their 2010 results and is a new auction record for Amelia Island.

 |  Mar 12 2012, 6:32 PM

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The late Paul Newman will be remembered by automotive enthusiasts worldwide, though perhaps in varying ways by different people.

Whether it was being a friend and rival to Steve McQueen, or racing the 24 Hours of Le Mans in Barbour’s Porsche 935, or being the oldest driver at age 70 to be part of a winning team in a major sanctioned race, Newman paved a rich heritage of motorsports throughout his life.

And now the same 700-hp, 346-cubic inch V8-powered 2002 Chevrolet Corvette that Newman won his last SCCA race at Lime Rock in has fetched $275,000 at the RM Auctions in Amelia Island. The Corvette was just recently rebuilt, re-bodied and repainted, and numbered 83 for Newman’s age prior to the auction. It was originally built by Riley & Scott for Tom Gloy’s 2002 Trans Am season.

Newman’s list of accolades ran long, including 55 mainstream acting awards, winning an Academy Award for best actor in 1986 and being well-known for his “Newman’s Own” food company which donates all post-tax profits and royalties to charity. As of July 2011, those donations had exceeded $300-million.

GALLERY: Paul Newman’s 2002 Chevrolet Corvette Race Car

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 |  Mar 15 2011, 9:52 AM

It’s amazing what some people will pay for vintage Ferraris. Take the case of a 1952 340 Mexico, chassis number 0224 AT. Previously owned by Larry Nicklin, it was a star attraction at the RM Amelia Island Auction on March 12.

Pre-estimates had this car going for between $2,750,000 to $3.500,000, but when the gavel went down for the final time, the price was listed at a staggering $4,290,000!

Other top sellers at the Auction included a 1930 Alfa Romeo 6C 1750 ($990,000); a 1933 Dusenberg Model J Torpedo Victoria ($979,000); a 1930 Dusenberg Model J convertible coupe ($962,500); a 1968 Ferrari 275 GTB/4 Berlinetta ($935,000) a rough looking 1953 Ferrari 212 Inter ($660,000) and a pair of Mercedes SLs; a 1961 roadster and a 1955 gullwing coupe, both of which went for $627,000.

RM says this year’s Amelia Island event delivered record sales – some $24.3 million and looking at the vehicles mentioned above it isn’t easy to see why. It’s sometimes fascinating to see what lengths some people will go to when looking to buy a particular classic car.