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CC Advertisers
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05-27-2006, 04:35 PM
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CC Member
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Join Date: Feb 2006
Location: Arlington Hts,
IL
Cobra Make, Engine: SPF, KC 427
Posts: 424
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Not Ranked
Dragon Snake SOLD !!!
Dragon Snake sold for a cool $1,525,000.00!!!!
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05-27-2006, 05:19 PM
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Senior Club Cobra Member
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Join Date: Feb 2006
Location: Syracuse,
NY
Cobra Make, Engine: BDR 228, Roush 342R, 457HP/428TQ, modified AOD
Posts: 1,378
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Not Ranked
It should have been for more. That is a great car with an unbelievable history. Someone got a bargain.
Cheers!
Dave
__________________
Dave
Nolite id cogere, cape malleum majorem - Don't force it, get a bigger hammer.
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05-27-2006, 06:50 PM
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Senior Club Cobra Member
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Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
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Not Ranked
I would not have been surprised at 2 mil PLUS. Sounds like the new owner got a bargain!
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05-27-2006, 07:27 PM
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CC Member
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Join Date: Jul 2005
Location: Carpentersville,IL & Maricopa,,
AZ
Cobra Make, Engine: ACE, 351W, 3550 Tremec, Raging(?) Red W/ White Stripe.
Posts: 2,082
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Not Ranked
BARGAIN, absolutely! But if you figure the interest rate that Hal got on his investment over the last 30 or 40 years, he didn't do too bad! 
Ralph 
__________________
SPEED WAS HIGH - WEATHER WAS NOT - TIRES WERE WET - X MARKS THE SPOT
Burma Shave 
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05-27-2006, 11:02 PM
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CC Member
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Join Date: May 2006
Cobra Make, Engine:
Posts: 23
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Not Ranked
Wow. I have been anticipating this auction for a while. I own 3 Shelby Mustangs but really want an original Red 427 Cobra with white lemans stripes .
Does anyone know what the other Cobras sold for today at Mecum?
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05-27-2006, 11:09 PM
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Administrator
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Join Date: Jan 1999
Location: Duvall,
Wa
Cobra Make, Engine: KMP286, Shelby 482, Webers, 593HP
Posts: 4,161
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Not Ranked
Oooohhhh....That would be a nice little bonus to the account.  Hmmmm...what would I do?
GT replica
Coupe replica
Oh, and retire.
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06-03-2006, 11:11 AM
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CC Member
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Join Date: Dec 2002
Location: caledonia,
il
Cobra Make, Engine: #1459 w/460(sold)New(used),spf w/427s.o.(sold)
Posts: 578
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Not Ranked
A couple of other cobras sold for around 500k. I dont remember what there #'s were. the one i saw was a maroon color and it went for around 500.
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06-03-2006, 12:41 PM
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CC Member
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Join Date: May 2001
Location: Webster,
NY
Cobra Make, Engine: CSX2019 (sold) - First Factory Dragonsnake, Ford GT
Posts: 99
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Not Ranked
Quote:
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Originally Posted by mherman2
Does anyone know what the other Cobras sold for today at Mecum?
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See CSX2019 Factory Comp Dragonsnake for Sale
The 289 was a no-sale at $375,000 because it had recently been bought at another auction for around $385,000 plus buyer's fees.
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06-03-2006, 02:27 PM
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Senior Club Cobra Member
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Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
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Not Ranked
Oh, thanks for clearing that up on the no sale 289 at $375K. I THOUGHT that was a 'fair price' considering the market, and it appears it WAS a fair price after all.
Can't blame the new owner for trying to make a little bit on the re-sale, and he will, in due time.
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06-03-2006, 05:22 PM
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CC Member
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Join Date: May 2001
Location: Webster,
NY
Cobra Make, Engine: CSX2019 (sold) - First Factory Dragonsnake, Ford GT
Posts: 99
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Not Ranked
Quote:
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Originally Posted by Excaliber
Can't blame the new owner for trying to make a little bit on the re-sale, and he will, in due time.
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No doubt. As they say in collector car circles, you can never pay too much; you can only pay it too early.
That's just as true of the Dragonsnake. Could the car have brought $2 million? It clearly didn't today, and I don't believe it could have. Not at BJ, not at RM, not at R & S. There's no question in my mind that it will be worth that much and more in a few years, but who knows whether CSX2019 will ever leave the Shelby Museum?
In that sense, the new owner did indeed get a bargain. And maybe the losing bidder really lost out. He may not get a chance to bid on CSX2019 for another 40 years, if then. For any collector, with a car like the Dragonsnake, that's at the heart of the bidding equation. It's what ultimately drives up the price - bid now, or forever give up any chance of ownership. This isn't a run-of-the-mill serial car you can pick up at the next auction.
While any auction is a crap shoot (those being held without a reserve more than the others), I had a good indication the car would sell for between $1.2 and $1.5 million. It sold for $1.525. I'm absolutely convinced I got a fair price, as much as today's market will offer. Everybody walked away happy. Sounds incredulous, but I would gladly have taken a hundred grand less if I could have been assured CSX2019 would end up in a museum stateside. The fact that it did and I still received a bigger check than what I had expected . . . what more can you hope for!
Last edited by Hal Heindel; 06-03-2006 at 05:27 PM..
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06-03-2006, 06:01 PM
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Charter Club Cobra Member
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Join Date: Jan 1999
Location: Sublimity,,
OR
Cobra Make, Engine: My Shell Valley Coupe is here! Now the building begins....
Posts: 1,409
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Not Ranked
Congrats Hal!
Thanks for keeping the Cobra for all these years and letting us in on a piece of history.
Scott S
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Working as hard as I can every day to double my carbon footprint.
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