Indiana Businessman Indicted, Faces SEC Fraud Charges

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

Benchmark 1965 Vette Brings $188,000 at Mecum Kansas City Auction

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 totals $24 Million in Amelia Island Sale

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 Totals 17.2m in Ft. Lauderdale

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

Rare Stutz Auto Collection to be Auctioned

Bonhams is very pleased to announce the sale of the largest collection of Stutz motorcars and spares to be offered in more than a decade. The renowned Don and Lynette Short Collection of important brass-era automobiles will be auctioned at the Port Townsend Aero Museum near Seattle, Washington, on May 21st.

Highlights from this incredible and uncommon offering include the following:The ex-William Harrah 1920 Stutz Bearcat. The premier sportscar of its era, desirable since the day it was made, Read More

Specialty Auto Auctions Awarded Contract for Hot August Nights Auction

Bruce Walter, CEO of Hot August Nights has announced that the official and exclusive 2011 Hot August Nights Classic Car Auction will be produced and conducted by B & T Custom Rod & Restoration and Specialty Auto Auction and Sales.

The Hot August Nights Classic Car Auction will be held at the Reno-Sparks Convention Center during the Hot August Nights Event. The auction will run from Thursday, August 11th through Sunday, August 14th.

Walter said, “We are pleased to announce Read More

Collector of the Week: Patrick Glenn

Patrick Glenn sent in an email telling the story of his 2007 Corvette Z06:

I have owned my 2007 Chevrolet Corvette Z06 since I bought it new in late 2006. This is the finest road car I have ever owned. It is the first car that I have never wished had more power, and I have owned Ferraris and other fast cars in the past.

The highway performance is spectacular, as is the handling and braking. However, the steering is Read More

Barnfind Bentley R-Type and Preservation-Quality Aston Martin DB4 Selected for Gooding & Company’s Amelia Island Collector Car Auction

Gooding & Company, the world’s leading auction house for collectors of rare and exceptional cars, announces that it will present more than 85 vintage and modern collector cars at its Amelia Island Auction in a few weeks on March 11.  Recent consignments include an extraordinary barnfind 1955 Bentley R-Type Continental Fastback with coachwork by H.J. Mulliner, a highly-original and unrestored 1961 Aston Martin DB4 Series IV, 1928 Bentley 6 ½ Litre Coupe, 1955 Austin-Healey 100S and a 1962 AC Read More

Mille Miglia North American Tribute 2011

Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, announced today that they will bring the the Mille Miglia, the historic and world renowned automotive driving event, to North America August 14th through August 17th. The Mille Miglia North American Tribute (MMNAT) will be held in advance of the Pebble Beach Concours d’Elegance and Historic Automotive weekend, which draws thousands of spectators and automobile aficionados in addition to hundreds of private collectors.

SMDI will produce the 1,000 mile experience Read More

Donald Todd: Collector of the Week

Donald Todd sent in an email telling the story of his 43 years—and still counting—with a 1967 427/390 Corvette. Here’s his tale:

At the age of 21, I ordered my Marlboro Maroon 427/390 Corvette in February 1967 from a local Chevrolet dealer. After waiting for three months and no Corvette, the dealer informed me the order was held up for the Redline tires I ordered. I was told there was a strike at the tire Read More