It's not just Cobra's! Look at what this 1958 AC Ace brought, and it is powered by the most anemic engine of all the Ace based cars! Of course, I never thought we would see Cobra's going for a million +. How many here, remember when the first 427SC went for a staggering $35,000, in the late 70s I believe!
https://www.bonhams.com/auctions/27328/lot/44/