This weekend at the Monterey Auctions during Pebble Beach Concours Week a 1962 Ferrari 250 GTO sold for $48.4 million at the RM Sotheby's Auction. The actual winning bid was made by an anonymous auction bidder for $44 million. (That came to a total of $48.4 million when you include the buyer's fees for the auction.) A former Microsoft employee has owned the car since 2000, and consigned it to the RM Sotheby's sale during Monterey Week. The record breaking sale boosted RM Sotheby's Monterey sale to a record $158 million in overall revenue. There were bidders from 37 countries involved in this record breaking two-day sale.

The competition was intense this year among the top vintage motorcars competing for Best of Show at the Pebble Beach Concours. It is the highest award you can attain in the collector car hobby in the U.S. So when the confetti flew over the dark blue 1937 Alfa Romeo 8C 2900B Touring Berlinetta, its Beverly Hills, California owner was pretty excited. Altogether, the Alfa Romeo Touring Berlinetta won four trophies at Pebble Beach this year. Pebble Beach officials tell us there were 209 cars from seventeen countries in the competition on the 18th Fairway of the Pebble Beach Golf Links last weekend. The event also raised $1.8 million for charity.

Want to find a car show in your area? Check out the Cars-On-Line.com Car Show Calendar for all the upcoming shows, swap meets and auctions coming up in September.

A 1955 Chevy Bel Air Gasser from Harvey, Louisiana was the most popular listing here on the Cars-On-Line.com website this week. It is a new custom fabrication with tubular A-arms, and all new suspention front and back. Built by Jones Brothers Racing, it has a 9.5 to 1 motor with build sheet, TCI Turbo 400 manual transmission, 3600 stall, and Quick Performance 373 posi 9-inch rear end. That there was so much interest in this car this week is a testimony to how much interest there is in Race Cars and Pro Street cars in the market right now. Nostalgia race cars is where its at and people build them to drive on the street. It is a sure way to get noticed. Follow this link to our Classic Customs Section now for more hot deals.

A sharp looking 1969 Mustang Mach 1 from Cincinnati, Ohio was posted briefly last weekend. We had it selected to be a DEAL of the DAY this week, but then we were notified that it was already SOLD on Monday. Gary said it sold in just two days. That was no surprise, though, since it was priced at $25,500. We are only sorry it is no longer available for our newsletter readers today. That Silver Jade color is what made it sell so quickly. Now Gary knows why we always say, "You can advertise anywhere ... but you can sell on Cars-On-Line." Follow this link to the SOLD section below. When you see how effective a Cars-On-Line.com ad can be, you may want to advertise your car with Cars-On-Line. Click here to start your ad today.

In 2005, Ford came out with an exotic car as a tribute to the Ford GT-40 cars which won the 24 Hours of Lemans four years in a row. That achievement deserved a retro tribute that is unequaled in production car history. Today one of these incredible 2005 Ford GT exotic sports cars is being offered for sale by Rick Hendrick through his Hendrick Performance dealership in Concord, North Carolina. Only 523 of these American mid-engine two-seater sports cars were built in 2005, making them extremely collectible right from the gitgo. That's why you see them extract incredible prices at collector car auctions all over the world. The innovative design on the Ford GT is unmatched by any American made car. New technologies it introduced include a superplastic-formed frame, roll-bonded floor panels, a friction stir-welded center tunnel covered by a magnesium center console, capless fuel filler system, one-piece door panels and a dry-sump system which allows the engine to sit low in the frame. Originally, Ford only thought to produce the retro Ford GT for two years, 2005 and 2006. The 2005's are the most rare.

Here's a 1974 Camaro Z28 that's reported as a survivor car with low original, documented miles. Look closely at the ad photographs and you'll have to agree this thing still looks incredible. The black interior shows well too, with no rips or tears. Under the hood beats a numbers matching 350 V8 engine tied to a 4-speed manual. That mileage? Just 16,900. Wow.

The following are more recently listed Low Miles cars:

A seller in Fort Worth, Texas just finished tending to some of the work involved with this 1973 Pontiac Trans Am 455. They say it's now rust free and features a no expense spared rebuild of the motor, straight gauges, and more. It's still wearing the original plates and was always a Texas car.

The following are just some of the cars available in the Project Car Section this week:

This week the price of a street legal drag car, a 1968 Plymouth Valiant Pro Street, has been reduced by $17,000 to make it affordable to the masses. Be sure to watch the video in the ad to get an idea of how meticulously this car was built to both race and show. The seller says it is licensed and registered to drive. Notice that it is equipped with R3 Mopar block, Indy Heads and intake, Dominator carb and Bullet cam. It was built by Shady Dell Speed Shop in Pennsylvania. It was originally listed for $55,000. But this week they reduced the price to $38,000.

You'll find hundreds more PRICE REDUCED vehicles on the Price Reduced Feed today. Here are just a few:

The PRICE REDUCED ads are not the only bargains to be had in this week's listings. Click here to go to the DEAL of the DAY feature below.

Put the petal to the floor and feel the wind in your hair as you cruise along in this 1969 Pontiac Trans Am Convertible from Classic & Collectible Cars of Las Vegas, Nevada. It features a 455, Tremec 5-speed manual transmission, bucket seats, and a TA Ram Air hood. This Trans Am tribute is undeniably gorgeous.

The following are more recently listed Muscle Car Clones:

As the muscle car era was drawing to a close, some of the best Mopar designs were hitting the streets. This 1972 Dodge Charger is a great example. The maturity of the Mopar muscle car design is evident in every line and curve. The seller from Beachwood, New Jersey says this one is a "wonderful driving car." He indicates that it still features its original 318 ci V8 engine which was rebuilt 18k miles ago. It has an Edelbrock aluminum intake with Edelbrock 1406 carburetor, electronic ignition, factory exhaust manifolds into dual exhaust, and a rebuilt 727 automatic transmission. He says the body has been restored by an expert. It will be our DEAL of the DAY on Saturday with an asking price of $17,900. Get one before the prices go up on these beautiful muscle cars.

What a relief! Here is a complete 1965 Ford Ranchero that you can buy at a reasonable price, yet you don't have to restore it to enjoy it. These Rancheros are really popular among collector. This one has had major restoration work, according to the private seller from Marion, Iowa. He says the restoration included a rebuilt 289 engine, newer Wimbeldon white paint, mostly all new trim, fresh Interior, dual exhaust, new 5-lug rims and tires, front disc brakes and an 8" rearend. He says he has over $26k in receipts for this former North Carolina truck. That means you could own this one for almost half the cost of building it. It will be our DEAL of the DAY on Sunday, if it lasts that long. The asking price is $16,500

Here is a very desirable Chevy muscle car which may be a bit of a project for some buyers, so read carefully. This 1968 Chevrolet Impala Convertible is being offered for sale by Cruisin' Classics in Columbus, Ohio. They say the car looks so good in the photos that they want to stress the things which may need attention. They warn that the interior seats, front and back, have obvious tears. Passenger side door and front quarter (bottom) has obvious scraping. The paint was not applied properly so while shiny, upon close inspection will reveal that it is not show quality. They call it a "ten footer." There is no gas gauge. The boot for the convertible top is in decent shape but missing snaps to secure it properly. In other words, it is in used car condition, not a show car classic. But the price is only $14,995.

Classic Off-Road vehicles are a raging hot trend in today's collector car hobby. So we are happy to see vehicles such as this 1967 Jeep Commando being listed at very affordable prices. Now it should be said that this one has a lot of important updates already done, but it does need interior work. It has a 225 ci V6 engine with electronic points, a removable top plus a Bikini top, 4-point roll bar, VDO gauges, and custom fuse block and wiring. Of note, the custom front bumper is a tow bar, and the 15"x8" chrome directional wheels are wrapped by 32"x11.50 Maxxis Big Horn tires. It also has dual exhaust with turbo mufflers. It will be our DEAL of the DAY next week. They are only asking $13,000.

In 1993, Corvette came out with their Ruby Edition 40th Anniversary Convertible, and there had never been anything else quite like before it in the new car market. It was born to be collectible. This one is being offered by a collector from Sparks, Nevada. He says it only has 48k miles. The Ruby red color with the Ruby canvass top is a special combination known only to this special edition Corvette. The private seller says it drives like a dream. And I can't ever remember one of these special Corvettes ever being offered for such a low price. It will be our DEAL of the DAY next week with an asking price of $17,500.

This week an interesting little hot rod showed up in our Street Rod Section. It is a 1931 Ford Coupe offered for sale by a hot rodder from New Bern, North Carolina. He says it runs and drives great. The build is interesting because it is obviously channeled and low to the ground, but does not look like it was chopped. It must be interesting to drive. The enigne is a 401 Buick with 400 switch pitch trans, brass works custom radiator with built-in elec.fan, 8-inch Ford rearend and 350 gears. The new blue interior has a '32 dash insert with heat and wiper. He says it has all new tinted glass, and the rear window rolls up and down with the actuator in the rear deck lid. If you think there is a lotta' potential here you will be please to know that the asking price is only $28,000.

This 1972 Chevy K5 Blazer looks really sharp in the photos. It is being offered for sale by Classic Car Liquidators out of Sherman, Texas. They follow the hot trends in the market and know that K5 Blazers are really popular right now. This 4X4 with the lift kit has a lot of the right equipment: removable hardtop, roll bar, Rough Country shocks, 350 Chevy small block with Edelbrock aluminum intake and carburetor. It has a center console, power steering, power disc brakes and dual exhaust. Classic Car Liquidators has done it again. They have come up with a hot trending off-road vehicle at a very affordable price. They are asking just $14,999.