03-06-2004, 12:42 AM
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Senior Club Cobra Member
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Join Date: Nov 1999
Location: Folsom,
CA
Cobra Make, Engine: ERA 623, 427 S/C Cobra. Ford FE 428 Cobra Jet, Ford Nascar TL 4speed - with a touch of raw; "less is more" theme
Posts: 3,882
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Not Ranked
Turk,
There were multiple dealers asking over 275K back then for those 92s believe it or not. I was a CA licensed used dealer and dismantler in 1992 and happened to be at a dealer auction one day. A friend offered 175K for an early one back then and had to leave empty handed. I was standing there right next to him when he offered it, right here in Roseville CA. It was one of the first ones to the West coast. It was a big deal. They sold it the next week for $275k. 60K over was a joke back then; not true during the first month at that dealer! The info on what Letterman paid to be the first was said on TV but unconfirmed. Also heard 3rd party that Jay paid a premium too, like 275K, but I bet nobody would admit it now... Stupid Crazy. I recall it vividly and was stunned thinking it was kinda junk for the money, even at list. 18-24 months later, $65/75k was possible for a 93/94. I guess half a Mil is peanuts to some of these lucky guys who want something first. Car Crazy comedians! Duane
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Duane
Western States Cobra Group 1998-2016.
Last edited by decooney; 03-06-2004 at 12:51 AM..
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