Highlights from the 2014 LA Auto Show

Auction

The first production Range Rover sold for £132,250 (US$213,000)

The first Range Rover to roll off the production line has sold at auction for £132,250 (US$213,000). The vintage, fully-restored 4x4 with chassis No. 001 was sold in London to a private owner by Silverstone Auctions and Salon Privé in a sale that was not only about automotive history, but the end of a motoring mystery.  Read More

Begun in 1950,  the annual Pebble Beach Concours d'Elegance has grown in stature over the ...

Last weekend some of the world's biggest auction houses came together on the misty hills of Monterey for the annual Pebble Beach Concours d'Elegance and automotive auction extravaganza. Featuring big names like RM Auctions, Bonhams, Gooding & Company, Mecum and Rick Cole, the weekend provided a number of surprises for buyers and watchers alike. Gizmag's Angus MacKenzie was on the ground for auction action that saw US$400 million change hands.  Read More

Two years ago, a Ferrari 250 GTO sold privately for US$32 million becoming the most expens...

It was the 26th anniversary of the death of Enzo Ferrari on Thursday (August 14), and "Il Commendatore" continues to cast a shadow over the automotive industry that is perhaps now more influential than ever. On Thursday one of his creations recaptured Ferrari's "most valuable car sold at auction record" when a 250 GTO sold for US$38,115,000. Perhaps even more importantly, by Sunday evening (August 17), we expect Ferraris will populate more than half the top 100 most valuable cars ever sold at auction, confirming Maranello is more dominant than ever in the automotive investment marketplace.  Read More

Only one of only three 1964 Ferrari 275 GTB/C Speciale’s will go up for auction in Califor...

The collector car market has been anything but boring in recent times. The price for collectible Ferrari's has consistently been on the rise, culminating in last year's world record price of US$27.5 million for a 1967 Ferrari 275 NART Spider. Now another impressive bidding scenario is shaping up as one of only three 1964 Ferrari 275 GTB/C Speciale’s goes up for auction next month.  Read More

A Kholod rocket is going up for auction at London-based RM Auctions

If speed is your thing and you have some loose change to spare, then an upcoming auction may have just the item for you. UK-based RM Auctions is offering a Kholod hypersonic rocket as an upcoming lot. The Kholod is the fastest machine to have ever flown within the Earth's atmosphere.  Read More

A participant is wired up prior to bidding

If someone places the winning bid on a work of art at an auction, it must mean that they liked the piece more than any of the other bidders ... right? Well, actually, it could just mean that they were wealthier than any of the other bidders. Swedish design company Kosta Boda, however, recently held an event where money was irrelevant. In order to win a piece, bidders had to have the most pronounced physiological response upon first seeing it.  Read More

The pioneering integrated circuit has an estimated value of US$1 million and $2 million

If it weren't for the microchip, your smartphone would be size of a building and need its own power plant to work. Thanks to the integrated circuit and its modern incarnation in the microchip, electronics are a bit easier to carry around than that, and this week, Christie’s put one of the very first integrated circuits up for auction. Designed and constructed in 1958 by Texas Instruments, it's one of the three earliest "chips" ever made and went on the block with an estimated value of up to US$2 million.  Read More

The Lunar Module rotational hand controller used by Dave Scott on board Apollo 15’s Lunar ...

If you've been building an Apollo Lunar Module out of scrap parts in your back yard, then you’re in luck. RR Auctions is putting hundreds of items up for bid as part of an auction of air and space memorabilia ranging from the Wright brothers to the present day. Amongst a number of standout items is the joystick from the Apollo 15 Lunar Module, which goes on the block with a starting bid of US$10,000.  Read More

The marine chronometer heading for the auction block on July 9 has certainly witnessed its...

In an age where accurate time measurement is taken for granted, the upcoming auction of an 1825 marine chronometer highlights just how far science has advanced in the last 200 years. The marine chronometer was a critical technology enabling navigation at sea. This 190 year-old example, which is heading for the auction block on July 9, has certainly witnessed its fair share of history in fulfilling that critical scientific role, having accompanied Charles Darwin on his epic five-year second voyage (1831-1836) to South America and the Galapagos Islands, the North American Boundary Expedition (1843-1846) which established the border between the USA and Canada and the 1857 survey of the Australian coastline which saw the naming of Darwin and the Fitzroy River. Given its stellar provenance, the chronometer seems ridiculously cheap if it does fall within its expected price range of … £30,000-50,000.  Read More

A 1939 Lagonda V12 Hooper two door saloon was sold for an undisclosed six-figure sum prior...

An auction of rare "barn finds" has yielded Silverstone Auctions £1 million in total sales at its inaugural Practical Classics Restorations Show. A total of 87 cars were unearthed for the event, from a 1969 Aston Martin DBS Vantage to the Morris Milk Float featured in Eastenders.  Read More

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