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Totem Automobili Redesigns the Alfa Romeo Giulia GTA With Electric Style
Italian start-up founded by Riccardo Quaggio called Totem Automobili aims to redesign classics with iconic and electric style.
With the most advanced electric technology and craftsmanship of each piece, Totem Automobili has released its redesign of the Alfa Romeo Giulia GTA.
The team of 21 engineers, 9 craftsmen, and 150 suppliers are designing iconic cars with the technological performance of modern-day supercars.
Totem is taking pre-orders through the company website, with prices starting around $400,000.
1995 McLaren F1 Headed for Auction Could Hit $15 Million
The Lowest-mileage model McLaren F1 from 1995 is heading to Monterey Car Week. Gooding & Company will auction the car, and it’s expected to sell for at least $15 million.
The 1995 F1 is one of only 106 models ever built. Out of those 106 McLaren’s, only 65 were made for the road. The others were created for competition racing.
This particular car, chassis No. 029, has only 242 miles on the odometer and still contains the original Goodyear Eagle F1 tires.
Keep an eye out for the August 13th and 14th event to see if this car sets new McLaren sales records.
Bring a Trailer Hits 50,000 Listings With 2008 Bugatti
Auto auction site Bring a Trailer is planning to celebrate their 50,000th listing by offering a 2008 Bugatti Veyron 16.4 Coupe.
The ’08 Bugatti is the 89th of 252 produced between 2005 and 2011. A quad-turbocharged 8.0-liter W16 engine with 987 horsepower is included.
The current bid sits at $1,100,000 with 6 days remaining in the auction. That’s $100,000 short of the record for the highest sale on the site, a 1956 Mercedes-Benz 300SL Gullwing, which sold for $1.2 mil.
David Beckham Buys 10% Stake in Lunaz Electric Classic Car Company
The car company converting classic cars to electric power has landed a new investor. David Beckham purchased 10% of Lunaz, a company only a few years old, has plans to expand.
Lunaz has converted the Jaguar XK120, Rolls-Royce Phantom V, Range Rover Classic, and the Bentley S3 Continental Flying Spur to electric from gas engines.
Now the company wants to expand into commercial vehicles by converting buses and garbage trucks to operate on electric power.
Amazing 1991 Porsche 964 Carrera for Sale with only 102 Miles
One of the most amazing examples of a 1991 Porsche has been offered at auction with only 102 miles. The car has barely been touched since the day it left the factory floor in 1991.
Collecting Cars offered the Porsche 964 Carrera RS as part of the “Leonard Collection.” There was no reserve on the car, and after 53 bids, the final sale price for the Red ’91 Carrera was a stunning $539,000.
New Car Auction Platform Launched
Collectors Xchange, a new platform for car auctions, has successfully launched, with 6 new offerings over the last two weeks.
The goal at Collectors Xchange is to better align the car auction experience with the new generation of buyers. One of the exciting features the platform offers is a powerful app to access auctions on mobile devices.
Out of the 6 auctions, only one could meet the reserve price and complete the sale, a 1995 Ford Mustang SVT Cobra for $48,500.
Paul Walker’s Supra Heading to Barrett-Jackson Auction
The 1994 Supra MK IV from the Fast & Furious movie Paul Walker famously drove will be auctioned next month.
Under the hood is a twin-turbo 2JZ-GTE 3.0 liter inline-6 with a 4-speed transmission. Estimates for the sale price are well over $200,000.
New ‘Vantablack’ Ferrari Spotted in Maranello
A Ferrari SF90 Stradale was recorded near its headquarters in Maranello, Italy, with an all-new paint color.
The color “Vantablack” is a coating developed by NanoSystems in 2014. The super-black color is capable of absorbing 99.965 percent of light.
1992 Geo Metro Convertible Headlines Sotheby’s
An unlikely headliner on the RM Sotheby’s Handle With Fun auction is the 1992 Geo Metro Convertible.
The Single owner California Geo Metro is offered with a clean CARFAX, less than 40,000 miles, and an impressive opening bid of $2,600.
For $2,600, you can’t really afford not to buy this thing. Fully furnished with a factory cassette player in the dash. Damn, what a rig.
Used Car Values Continue to Soar
Production for new cars has slowed for a variety of reasons. Plant shutdowns during the pandemic and chip shortages from manufactures have left a short supply of new cars on the market.
Buyers have turned to used vehicles in place of new, thus driving up pricing for used cars. Another factor is a drift away from public transit and into private vehicles because of the pandemic.
….and there’s “no end in sight” for used car prices.
If you love classic cars, you need to check out the “Chasing Classic Cars” TV series with Wayne Carini.
Wayne Carini is a legend in the world of restoring, purchasing, and valuing classic cars. His favorite car is the Ferrari 250 SWB he first drove when he was 9 years old.
The show airs on the Motor Trend channel, and can also be purchased on YouTube.
1966 Shelby Cobra 427 Super Snake sells for $5.5 million at the Barrett-Jackson Scottsdale Auction.
This was the highest priced sale at the event, which was one of over one thousand vehicles sold during the event for over $95 million total.
$5.8 million was raised through the sale of charity vehicles. Also sold during the event was a 1967 Ferrari 275 GTB/4 with a hammer price of $2.5 million.
Doug DeMuro is a writer focused on the automotive industry from San Diego, where his YouTube channel has nearly 4 million subscribers and his videos have over 1.3 billion views.