427 Cobra; temporarily arguing it's british | FerrariChat

427 Cobra; temporarily arguing it's british

Discussion in 'British' started by bitzman, Sep 21, 2011.

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  1. bitzman

    bitzman F1 Rookie BANNED

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    wallace wyss
    Didn't know what category to put it in in order to answer this question but since
    the frame, body and rest of the car except the engine and trans and wheels were made in the UK I filed this question under "British."

    Anyhow at the recent Santa Monica Pier show of the Shelby Club LA Anthony Boosalis of LaCanada/Flintridge showed a rough 427 Cobra S/C which apparently has been hidden away for many decades. It is one of the two cars painted Hertz Gold when new (at the show it was spotty half gold and half blue, the blue paint falling off in shards).
    And apparently it is indeed one of the original S/C cars, made when Shelby failed to make enough to
    win approval by the FIA as a production car, so no one wanted the big blocks as they didn't want to race against prototypes so Shelby converted some to street cars.

    My question is: did anyone hear what the purchase price was? I heard North of a million.
    Of course it's not the most expensive Cobra, the Daytona coupes now being around $4 million upwards, but still I think it's a record for an unrestored car. And how did Anthony beat Lynn Park to this prize? Lynn at one time owned about 11 AC Cobras, and is generally regarded as the man with his hand on the pulse of where these barn finds are...
     
  2. nthfinity

    nthfinity F1 Veteran

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    Isaac not Issac
    Hmm...

    I don't think it is the same one that I know about that appeared as if it was the "last all original 427 SC" in existence. Maybe this one wasn't as original as the last one. The previous one was bought in Ohio brand new, driven for one or two summers with about 3,000 miles; then parked for 40 years... original tires, original fluids etc. etc. Not just time period tires and fluids.

    The owner of the car took a loan out against the car to start up a business; which failed. The bank seized the car as collateral, and sought only to sell it for what the man owed.

    When the car went to auction, a friend of a friend bid on it (late Sunday after most of the money had gone home), and was surprised when he was the winning bidder. Very surprised. He took delivery of it, and sold it 2-3 weeks later for over $2M from what I hear; + the cost to restore it, and paint it... red/white I believe. The new owner fully understood that he was severely devaluing the car; however, he wanted a car he could drive, wanted to spend the money as he saw fit.
     
  3. atomicskiracer

    atomicskiracer Formula 3

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    Ryan
    Any pictures?
     

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