Classic cars market - 2013 auction review

This year saw an unprecedented surge in the classic car market, with the HAGI index of classic motor vehicles up 36% through November.

Records were set throughout the year, with a Ferrari 250 GTO becoming the world's most valuable car. Analysists predict that the market will slow from its frenetic pace in 2014, although a series of high profile auctions in January look set to continue the boom into the New Year.

Top classic cars sale of 2013

The 1963 Ferrari 250 GTO is the world's most valuable car

A 1963 Ferrari 250 GTO became the most valuable car in the world when it sold for $52m in a private sale in October. Its carries an uncontested racing pedigree as the winner of the 1963 Tour de France and many other races, and has been expertly restored. The car achieved a 49% increase on the previous record of $35m, which was also held by a Ferrari 250 GTO.

2013's important classic car sales

The Mercedes W196 was driven to victory by Fangio in the 1954 German and Swiss Grand Prix

A Ferrari 340/375 MM Pinin Farina Berlinetta"Competizione" broke the record for its type, hitting $12.8m at Scottsdale in May.
A 1954 Mercedes W196 driven by Juan Manuel Fangio achieved $29.6m in July, becoming the most valuable car ever sold at auction.
July also saw the sale of 1955 Maserati 300s Spider, which broke the marque record with a $6m bid.
The record for a road car at auction was set in August, when a Ferrari 275 NART Spider sold for $27.5m.
An ex-Tazio Nuvolari 1935 Alfa Romeo Tipo 8C-35 smashed the marque record in September, realising $9.4m.
A 1964 Ferrari 250 LM hit $14.8m in November - a record for the model.

It was a breakout year for…

A 1967 Shelby GT500 Super Snake made $1.3m in May, a new record for its type.

It was a year to forget for…

The 1970 Plymouth Cuda, which experienced a continued slide in value in 2013. Valued at $1.2m at the end of 2012, Hagerty now estimates its price at $1.15m.

One you may have missed…