$5 million dollar Shelby Cobra

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wagsg

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I can't believe I just watched "THE" Shelby Cobra of all time, go across the auction stage for a cool $5 million dollars... unbelievable!
shocked.gif


My son and I have been watching much of the Barrett-Jackson auction over the last 4 days in awe.
 
Yep, I had seen an article on it in Classic Motorsports recently. Well worth the price if you happen to have $5 mil laying around.
blush.gif


Maybe I can buy the kit version someday.
laugh.gif
 
The buyer of the Super Snake Cobra, Ron Pratte, last year bought the GM Futureliner "Parade Of Progress" bus for $4.0 million *AND* the 1954 Pontiac Bonneville Special concept car for $2.8 million *AND* the 1952 Chrysler d'Elegance Ghia-bodied coupe for $1.1 million.

That's FOUR vehicles costing a grand total of $12.9 million, or an average of $3,225,000 per vehicle.

Of course this doesn't count the dozens of other vehicles Pratte has purchased at B-J. Like the $600,000 he spent to buy Shelby Mustang GT500 s/n #00001 directly from Ford Motor Company.
 
In an issue of Sports Car Market, they stated the $4.0 million price for the GM Futureliner bus was the most money ever paid for an American vehicle.

So I guess the $5.0 million spent last night on the Super Snake Cobra makes *it* the most expensive American car ever sold/bought/auctioned off.... whatever.

Now you know the answer to the car trivia question, "What is the most expensive American car ever?"
 
I've been watching the auction off and on, too. But I get a tired of just an endless parade of muscle cars.

I can't identify with these guys shelling out that kind of money for cars that they apparently have no intention of driving. I love great cars, or rather, I love driving them. Not just holding a can of beer in the garage and looking at them.

I couldnt' believe that price tag on the Shelby Supersnake. I know one thing. For $5 million, you'd think at least it would have had a manual transmission. What was an automatic doing in THAT car, anyway?
 
Quote:

I caught the tail end of that auction. Dumb question, but what was so special about the particular Cobra?

Click to expand...


Only "FACTORY" Supercharged 427 Cobra ever. Thus the SuperSnake.

Still hew was offered $10 Million once for a green 260 Cobra he owns and turned it down flat. It even has ripped seats. Oh year that was Cobra #1.
 
bret,

I thought it was a guy out of San Diego that bought the GM bus last year. The guy that bought the 1954 Oldsmobile, not Pontiac, concept car the year before wore a Ferrari hat & bidded against the guy with a Tennessee hat, & it was for a museum in CO owned by some of the Discovery Channel owners. However, after watching 10 hours of cars roll by yesterday
crazy.gif
, I may have that swapped as well.

What's up with selling the musical items?!?
 
Quote:

bret,

I thought it was a guy out of San Diego that bought the GM bus last year. The guy that bought the 1954 Oldsmobile, not Pontiac, concept car the year before wore a Ferrari hat & bidded against the guy with a Tennessee hat, & it was for a museum in CO owned by some of the Discovery Channel owners. However, after watching 10 hours of cars roll by yesterday
crazy.gif
, I may have that swapped as well.

What's up with selling the musical items?!?

Click to expand...


The bidder from San Diego is Ralph Whitworth. He was the other bidder for the Futureliner against Ron Pratte.

It was thought that he (Ralph) initially had bid $4.1 million but turns out he was signifying he was "out" instead of raising his bid. There was quite a bit of confusion as to who bid what, but it eventually got squared away between B-J mgmt and Mr. Pratte.

The Oldsmobile F-88 concept car sold in 2005 for $3.0 million, beating a record that had stood for 15 years.
 
I find this a little hard to grasp as well.
Ferrari 330P3? Yeah
Ferrari 250GTO? Yeah
Ferrari 512M? Yeah
Porsche 917L? Yeah
AC Ace with Ford mill? Nah!
Nonetheless, if you have the bucks and the desire, why not?
No car is worth seven figures, except to those who are willing to go that much on it.
 
Well, the Cobra has a pretty solid international racing record. And its street performance is every bit as good as most any exotic brand ever made. It may not have the super sexy Euro-cache but in the US, its street cred is unassailable.

A $5 million Cobra might be a surprise but that kind of money spent on some Eurosled is quite a bit more common.

I don't see musclecars having any kind of longevity at these price levels as their appeal is far too narrow. But it is an interesting market phenomena and is lots of fun to watch.
 
If somebody wanted to actually drive a muscle car, I could take them to any of a number of lots around here, or to somebody's driveway, where they could make an offer of around $5,000 to $10,000 and have it. Not showroom quality, but one in decent shape that you could cruise around in, and then modify to your own tastes.

i can see the cobra fetching a steep price, what with mr. shelby's involvement with it. i just don't see a 1970 camaro, or whatever, of having real staying power, such as a '57 chevy.

i suppose they are buying cars they had, or wished they had, in their youths. Look at the kids today, and I'm seeing lots of modified Hondas and Subarus among the young tuner crowd. what does that about the future classic cars? I have no clue.
 
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