Value of an original cobra

[atmking]

Hey guys, I have a Superformance now, and I'm looking at purchasing an original cobra, CSX 2241, which I believe is the 41st or 42nd car made. It has had one owner to date. Signed by Carroll Shelby himself as Carroll was the best man at this guys wedding. (Carroll's signed as a witness on the wedding certificate). He died, and now his son is selling. Car was used before being sold at the dealership as a promotional car at the Pomona Fairgrounds.

Question: any guess as to the current market value of this vehicle?

Thank you, Jeff

[Bill D]

Probably in the $250K range

[xlr8or]

Is it still princess blue with a red interior?

[Sharroll Celby]

$600,000 To $650,000

[atmking]

it is still princess blue which looks closer to silver. They have 3 or the 4 original rims, plus a full set of halibrand youngblood racing wheels. Has all the parts they took off including the original exhaust, etc. The owner did put a full roll bar in the cockpit. Has the original 289 engine.

[LMH]

Is there a link or online ad that we could see the car?
Unseen, my guess would be $300,000 to $400,000 but there's much variation possible.
Larry

[atmking]

No, there is not a link or online ad as I have been negotiating with him in person. Biggest problem as you can see from the various posts is trying to figure out the true value today of this type of car. I know its personal history with Carroll Shelby adds some value along with its own value as CSC 2241. Anyone know who the "experts" are for valuing cars like these?

[xlr8or]

Don't ask the experts at Barrett Jackson.

You might try contacting your local SAAC club at http://www.norcal-saac.org/ but that may make other potential buyers interested. Not that posting it here keeps it to private.

[legenmetals]

Was this car at Knott's Berry Farm last year?

[atmking]

Don't think so as it has been stored for past number of years.

[Dominik]

2241 not the 42nd, rather the 242nd car...
Was there a CSX2000?

Dom

[Bill Wells]

for valuation purposes etc, try Ned Scudder, known on this site a NEDSEL .......he is the SAAC Cobra registrar . Bill

[atmking]

I will see if I can get in touch with him, thank you Bill.
Jeff

[1985 CCX]

Correct Mr. Wells

When spending 6 figures on anything get an expert involved. Ned is a great resource and I am sure he would be happy to aid in your purchase.

Do us all a favor, post pictures of the car in your gallery. To many original cars are hidden and kept in isolation. Share share share......
There are exceptions thankfully......

[Nedsel]

Jeff, I am familiar with Dave's former car, as he used to bring it to many tracks here in CA for various vintage races over the years. Assuming it is in roughly the same condition today as when I last saw it, and considering the spares and its history as a 1-owner car, I believe its value would be in the $500 - 550k range in today's market.

[1985 CCX]

Depends on car, lineage and originality:
A gold 1967 Cobra 427 arrived at auction in Fort Lauderdale with no reserve price. It had never been piloted by an iconic racing driver at a legendary race. It had no racing history at all, for that matter. And its color was the same bright gold as the stripes on the 1966 Hertz Shelby Mustang. It sold for $3,780,000.

You see, this particular Cobra is believed to be one of the first semi-competition models produced -- the CSX3021. It traveled through North America alongside a GT40 in the Cobra Caravan to promote Shelby, and its gold color exists on only one other Cobra from the factory. It was purchased new by Bill Turner -- 21 years old at the time -- and driven a mere 3,800 miles before getting locked away until this year.

Turner announced that the Cobra would appear at the 2009 Ft. Lauderdale Beach collector Car Auction and the speculation began. Some thought the going price to be as high as $5 million, while Cobra forums gave a more reasonable $2 million. At the auction, an unnamed buyer offered the $3 million-plus final bid and the car sold. Later, the same buyer would pick up another Cobra, a green CSX 2311 with some rare options including dual carbs and painted wire wheels, for $572,400.

[Ted McClure]

NADA shows it at 425,000.00 average book and 600,000.00 as high book somewhere in there. Being a friend of the family, i would think around the average price would be a good deal for both of you, with the economy in the present stage. We just don't know how long this will last. Good luck.

[Old Phart]

In March of 2008, a 1964 "driver" CSX 22XX Cobra, the wrong color when sold (was originally Princess Blue with red interior), changed hands for $530K on a private sale.

I believe Ned was right about the value range of CSX 2241.

[RodKnock]

FWIW, Keith Martin pens in his Feb. 2009 editorial about the plight of the current economy and specifically the collector car market, basically saying that we're not in the same type of slump as 1991, where there was a collapse and a very slow recovery. He says that the collector car market is in a state of flux (duh)...

"However, despite all this, we haven't heard of any Ferrari F40's selling for half price at $300,000, or Shelby 289 Cobras going for $250,000."

[CobraDan]

Originally Posted by 1985 CCX

Depends on car, lineage and originality:
A gold 1967 Cobra 427 arrived at auction in Fort Lauderdale with no reserve price. It had never been piloted by an iconic racing driver at a legendary race. It had no racing history at all, for that matter. And its color was the same bright gold as the stripes on the 1966 Hertz Shelby Mustang. It sold for $3,780,000.

You see, this particular Cobra is believed to be one of the first semi-competition models produced -- the CSX3021. It traveled through North America alongside a GT40 in the Cobra Caravan to promote Shelby, and its gold color exists on only one other Cobra from the factory. It was purchased new by Bill Turner -- 21 years old at the time -- and driven a mere 3,800 miles before getting locked away until this year.

Turner announced that the Cobra would appear at the 2009 Ft. Lauderdale Beach collector Car Auction and the speculation began. Some thought the going price to be as high as $5 million, while Cobra forums gave a more reasonable $2 million. At the auction, an unnamed buyer offered the $3 million-plus final bid and the car sold. Later, the same buyer would pick up another Cobra, a green CSX 2311 with some rare options including dual carbs and painted wire wheels, for $572,400.

Jeff,
Since the Fort Lauderdale RM auction does not take place until February 6-8, 2009 how can Bills car been sold?