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 36Likes
01-28-2022, 12:07 PM
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CC Member
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Join Date: Jul 2021
Cobra Make, Engine: Alloy Shelby CSX 8057/Kirkham 1010, 289 Vintage Lykins Build
Posts: 128
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Not Ranked
While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.
Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.
I'd post a link but their website is down.
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01-28-2022, 12:21 PM
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CC Member
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Join Date: Sep 2018
Location: Howell,
NJ
Cobra Make, Engine: Backdraft Car #1209 Roush 427R
Posts: 607
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Not Ranked
Auction
Wow!!! Here is the link to the auction. Nothing stands out in the description that would be a negative and it met the reserve. At least, as I can see.
Fred
https://bid.goodingco.com/lots/view/...ica-by-kirkham
Quote:
Originally Posted by nkb
While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.
Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.
I'd post a link but their website is down.
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01-28-2022, 01:10 PM
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CC Member
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Join Date: Jan 2009
Location: Las Vegas,
NV
Cobra Make, Engine: Shelby CSX4005LA, Roush 427IR
Posts: 5,585
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Not Ranked
Auctions are a crap shoot. My Ford GT went for 200K under what Craig Jackson and Steve Davis projected. Their placement of my car in the lineup and the promotion it got are indications that their expectations were for a much higher number. Auctions require two or more interested parties, and in the end, two then one. If it starts off with only two and one is not a real spender, you get a low number...
__________________
Cheers,
Tony
CSX4005LA
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01-28-2022, 01:43 PM
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CC Member
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Join Date: Jan 2005
Location: Orange,
CT
Cobra Make, Engine: ERA #720
Posts: 117
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Not Ranked
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.
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01-28-2022, 02:04 PM
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CC Member
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Join Date: Feb 2014
Location: White City,
SK
Cobra Make, Engine: West Coast, 460 CID
Posts: 2,908
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Not Ranked
Quote:
Originally Posted by rads42
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.
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This Backdraft just went for $110K at Barrett-Jackson.
https://www.barrett-jackson.com/Even...RTIBLE--251987
__________________
Brian
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01-28-2022, 02:40 PM
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CC Member
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Join Date: Sep 2018
Location: Howell,
NJ
Cobra Make, Engine: Backdraft Car #1209 Roush 427R
Posts: 607
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Not Ranked
Kirkham Titling
In reading the description of the auction, there was a note that said this vehicle was Titled as a Ford. I wonder what State allowed that? It wouldn't be the State I live in and I doubt California would either.
Fred
Quote:
Originally Posted by nkb
While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.
Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.
I'd post a link but their website is down.
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01-28-2022, 02:43 PM
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CC Member
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Join Date: Jul 2021
Cobra Make, Engine: Alloy Shelby CSX 8057/Kirkham 1010, 289 Vintage Lykins Build
Posts: 128
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Not Ranked
Quote:
Originally Posted by rads42
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.
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I saw exactly the same thing happen to an online Gooding auction for a first rate Lotus Elan that sold for 50% of market value, at no reserve. The Lotus then showed up on BAT a few weeks later and sold at market price (2xGooding).
My conclusion is that the Gooding online auctions really are a "crap shoot". Especially at no (or low) reserve. I don't think they attract enough serious retail buyers. Just opportunistic dealers.
The seller of the Kirkham left at least $100K on the table. The only saving grace is that the car was a 2007 so perhaps the seller purchased the car 15 years ago for a (now) low price - discounting inflation/cost of money. |
01-28-2022, 03:19 PM
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Abnormal CC Member
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Join Date: Jan 2005
Location: Pottstown (East Coventry),
PA
Cobra Make, Engine: Don't think I'll be getting a Cobra for a long time... Do have '94 RX-7 R2.
Posts: 2,330
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Not Ranked
Well that color scheme is interesting. Perhaps I can see why that went at a discount.
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01-28-2022, 03:49 PM
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CC Member
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Join Date: Jan 2019
Location: Houston,
Tx
Cobra Make, Engine: UCC GT 427
Posts: 206
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Not Ranked
Quote:
Originally Posted by cycleguy55
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Wow, that car was probably 70k out the door brand new. |
01-28-2022, 05:03 PM
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CC Member
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Join Date: Apr 2021
Cobra Make, Engine:
Posts: 555
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Not Ranked
1nt, certainly wouldn't have been my color choice, but beauty is in the eye of the beholder. If the seller had wanted, he probably could and dropped $15K to paint it a different color and tripled his money. Just my 2¢.
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01-28-2022, 05:05 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,005
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Not Ranked
Quote:
Originally Posted by KarlzEE Bebout
1nt, certainly wouldn't have been my color choice, but beauty is in the eye of the beholder. If the seller had wanted, he probably could and dropped $15K to paint it a different color and tripled his money. Just my 2¢.
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If he'd gone with beige maybe quadrupled it.  |
01-28-2022, 06:14 PM
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CC Member
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Join Date: Jun 2020
Location: SoCal,
CA
Cobra Make, Engine: BDR build #983, FRM 392
Posts: 380
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Not Ranked
Quote:
Originally Posted by cycleguy55
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" Incredibly lightweight; around 1,800 pounds."
Well there you have it - that's why the BIG $. It was the ULTRA light version! Worth WAY more, even with the additional weight from the passenger role hoop.
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01-28-2022, 07:17 PM
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CC Member
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Join Date: Jan 2018
Location: Lafayette,
IN
Cobra Make, Engine: Looking to buy
Posts: 1,295
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Not Ranked
I have a 54 Studebaker commander coupe that color....don't care that much for it either but it is better than on a Cobra.
__________________
 Cobra loving, autocrossing Grandpa Architect.
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01-29-2022, 06:05 AM
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CC Member
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Join Date: Feb 2009
Posts: 1,695
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Not Ranked
Quote:
Originally Posted by 1ntCobra
Well that color scheme is interesting. Perhaps I can see why that went at a discount.
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That color is a bit of a puke-fest. There are certain cars that just don't mix with pastel colors. |
01-29-2022, 07:05 AM
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CC Member
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Join Date: May 2021
Cobra Make, Engine:
Posts: 516
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Not Ranked
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/ |
01-29-2022, 09:46 AM
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CC Member
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Join Date: Feb 2001
Location: BRADENTON,
FL
Cobra Make, Engine: KIRKHAM 427 S/C, SHELBY 427 ALUM. STROKER
Posts: 1,396
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Not Ranked
re: the Kirkham : all chrome is pitted. License frame explains it "Carmel by the Sea " .b
__________________
"When Injustice becomes Law,
Rebellion becomes Duty." T. Jefferson
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01-30-2022, 06:27 AM
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Abnormal CC Member
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Join Date: Jan 2005
Location: Pottstown (East Coventry),
PA
Cobra Make, Engine: Don't think I'll be getting a Cobra for a long time... Do have '94 RX-7 R2.
Posts: 2,330
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Not Ranked
Quote:
Originally Posted by MOTORHEAD
re: the Kirkham : all chrome is pitted. License frame explains it "Carmel by the Sea " .b
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It looks like it has the stainless steel frame and a Shebly aluminum block motor.
That patina probably hurt the sale price a bit, but I think the paint scheme is still the real killer of the sale price. Unless you really like those colors, I can just think the buyer was thinking this car needs a re-paint (or strip for polishing). |
01-30-2022, 10:03 AM
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CC Member
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Join Date: Sep 2001
Cobra Make, Engine:
Posts: 678
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Not Ranked
Quote:
Originally Posted by rads42
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.
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I'd have to paint it. That alone would have driven me away from it. Hate body shop jails .
__________________
Dan
427 CSX 3000/4000 and Shelbys.
All gone ! Was a Hell of a run
Now ... The dogs car
Mercedes E63S station wagon. 603hp
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01-30-2022, 07:43 PM
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CC Member
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Join Date: Jun 2020
Location: SoCal,
CA
Cobra Make, Engine: BDR build #983, FRM 392
Posts: 380
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Not Ranked
Quote:
Originally Posted by joyridin'
That color is a bit of a puke-fest. There are certain cars that just don't mix with pastel colors.
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Works if you're an LA Rams fan!
Last edited by SBSerpent; 01-30-2022 at 07:53 PM..
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01-30-2022, 10:23 PM
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CC Member
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Join Date: May 2021
Cobra Make, Engine:
Posts: 516
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Not Ranked
Can't get past the yellow stripes. If they would have at least done an orange stripe, AKA Gulf colors, that might have worked?
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