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Top 10: High-value auction buys of 2014

There have been some eye-watering prices paid for some of the world’s most desirable classics over the last few months, including almost £23 million for a 1962 Ferrari 250 GTO. The most iconic models from marques like Lamborghini, Aston Martin and Ferrari are fetching record sums when they go to auction, adding fuel to the fire of soaring classic car prices.

But will this ‘boom’ be followed by ‘bust’ at some point soon? Auctioneers tell us that high-end buyers are using their own (rather than borrowed) money nowadays, seeing classics as a sound investment, and demand is likely to remain high. Let’s take a look at ten of the highest achievers of 2014

By Paul Guinness, Contributor

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1964 AC Cobra MkII Roadster – £696,000

Cobras have traditionally achieved impressive figures at auction, and their escalation in value shows no sign of abating. Presented in concours condition after a full nut-and-bolt rebuild, it was therefore easy to see why this particular MkII version attracted so much interest when it went under the hammer at Goodwood.

The car spent much of its earlier career in the US, where it was well known on the Cobra show circuit (winning many prizes), before returning to the UK in 2007 and remaining mostly in storage ever since.

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