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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

Early-build Ford GTs to cross the block at summer auctions

Their ancestors triumphed at Le Mans, and now two of the modern versions of the Ford GT are aiming for lofty finishes at summer auctions. The sixth and seventh Ford GTs built will cross the block at the Meadow Brook and Pebble Beach concours. And these are rare cars.

Volvo Estate Concept (2014) first official pictures

By Ollie Kew First Official Pictures 27 February 2014 11:00 This is the Volvo Concept Estate, which will be shown at the 2014 Geneva motor show. It’s a true three-door shooting brake wagon: Volvo claims it points strongly toward the future design of its V70 and XC70 estate models. Rather than going down the swooping roofline/thick pillars route for his shooting brake design, Volvo’s new design boss Thomas Ingenlath was inspired by the P1800 ES of the 1970s.