View Single Post
  #22 (permalink)  
Old 10-12-2009, 08:50 AM
REAL 1's Avatar
REAL 1 REAL 1 is offline
Banned
Visit my Photo Gallery

 
Join Date: Dec 2002
Location: New Jersey, N.J
Cobra Make, Engine: Shelby Cobra CSX4206 aluminum body, original 1965 NASCAR 427 SO, Dual quads.
Posts: 3,897
Not Ranked     
Default

Regardless of your own general criticism of BJ auctions, and I have my own criticisms at times, until you can show that this Shelby didn't trade hands between a willing buyer and a willing seller the conclusion has to be it was sold at what the market supported as a legitimate price for a fiberglass Shelby Cobra Continuation series with a 427 at $128K when all is said and done.

And yes I have seen nice FFRs sell at $40k or so depending on the build outside of auction scenarios.

Markets go up. Markets go down.

The auctioneers comment about the Shelby not being one of those "down and dirty replicas" (whether I agree with the statement or not is irrelevant) reveals the mindset of how the Shelbys are looked at today by many of the sellers, auction houses and the buying public and those that are buying and selling them. Of course those that already own the "down and dirty replicas" referred to didn't care for the comment very much (I clearly understand why) but it opens a window into the mindset and how others view the Shelbys vs. replicas.

Again, it seems to validate the proposition that the fact it was a "Shelby Cobra" and not viewed as a replica added an intangible value. Like it or not.

Flame on.
__________________
U.S. Army Rangers. Leading travel agents to Allah.

Last edited by REAL 1; 10-12-2009 at 08:53 AM..
Reply With Quote