Car restorers dream of finding an abandoned classic and restoring it to its former glory.  Check out these 60 abandoned cars found in France last year: These vehicles were part of the collection of Roger Baillon, who spent several decades rescuing cars from the scrap heap in the hopes of opening a car museum.  When his financial empire collapsed, he was forced to sell some and abandon the rest. In 2014 his grandchildren inherited the estate and discovered this treasure trove. A few weeks ag [...more]

There's a new title holder for "most expensive car sold at auction" and it's a 1962 Ferrari. The record-setting sale took place on August 14th at Bohnman's Pebble Beach (California).  The Ferrari 250 GTO Berlinetta was always the show piece of the week-long auction and some speculated that the car might go for as much as $50 -$60 million (USD).  The final price came in at $38.1 million (including fees). The winning bid was $34 million. The previous record was set in 2013 when Bonhams sold a 19 [...more]

Auto auctions find a large audience on TV due to the excitement and sheer insanity of the prices. There is everything from the super rare exotic, or the very first of the production run, to the historic race car previously owned by a celebrity. While car auctions are not a good barometer of actual retail and resale prices, they are fun to watch, and to occasionally gawk at the prices. While cars in private sales go for truly bonkers prices, you would need seven figures to purchase any cars on th [...more]