A former Indiana businessman who served for years as National Lampoon’s chief executive was arrested Wednesday on charges he ran an elaborate Ponzi scheme that defrauded investors of more than $200 million to help fund a lavish lifestyle, including a $250,000 revamp of his luxury home’s garage.
A federal grand jury indictment unsealed Wednesday in Indianapolis charges Timothy Durham, business partner James F. Cochran and their accountant, Rick D. Snow, with 12 counts, including conspiracy to commit wire and securities Read More
A 1965 Corvette Convertible 396/425 HP, 4-speed with coveted Bloomington Gold Benchmark status recently sold for $199,280 during the Mecum Kansas City Auction.
The well-preserved Rally Red big block joined a crop of Corvettes that sold to eager bidders during the two-day auction, which reported total gross sales of $6.998 million.
Mecum offered a variety of classic, muscle and luxury cars during the Kansas City Auction, where a strong crowd led to a 64% sell-through rate. Desirable Corvettes lead the Read More
RM Auctions, the official auction house of the Amelia Island Concours d’Elegance, continued its record-breaking sales run in Northeast Florida over the weekend, posting a remarkable $24.3 million* in total sales with a strong 96% of all lots sold at its 13th annual Amelia Island sale to claim the top sales results of the weekend.
Building on the company’s strong track record in Florida, the impressive sales total represents the highest tally achieved in the event’s 13 year history, Read More
Auctions America by RM posted $17,248,846** in total sales at its annual Collector Cars of Fort Lauderdale auction event this weekend. The top seller, a barn-find 1963 Shelby Cobra (chassis no. CSX 2080), changed hands for $467,500 and represents a unique opportunity to make a direct comparison between the rise in a collector car’s value and that of a traded commodity – gold.
The matching-numbers CSX 2080, the fifth 289 Cobra built, was purchased by its second private owner Read More