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More than 800 cars apply for Monterey Motorsports Reunion

The 2012 Rolex Monterey Motorsports Reunion will celebrate the 50th anniversary of the Shelby Cobra, and more than 800 applications for participation have been received. There will be 17 race groups at the track Aug. 17-19, but participation is limited to 550 cars.

Mecum achieves record-setting auction in Dallas with 1967 Corvette L88 convertible

Mecum is no stranger to hosting million-dollar auctions all over the United States. Their most recent event in Dallas put collector Buddy Herin's 1967 Corvette L88 Convertible in the spotlight, making it one of the most successful auctions in Mecum history. Being just one of 20 produced during that year, this rare breed made history for its $3.2 million price tag, the highest price ever achieved for a Corvette at any auction.

Ferrari plans new club to help loyal owners buy limited-edition cars

Ferrari plans to create a collector's club to give loyal customers a better chance of owning one of the company's limited edition cars. The club likely will be open only to people who possess at least five Ferraris. The Italian supercar brand says there are about 300 collectors worldwide who own five or more Prancing Horse models.