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Cobra Beats Value Of Gold


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#1 OFFLINE   robertlane

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Posted 10 November 2011 - 08:22 AM

Cobra Beats Value Of Gold
Sale of original Shelby by Auctions America demonstrates how its price rose much faster than the gold coins that purchased it 30 years ago.

SpeedTV.com - Vintage Staff

Auctions America by RM posted $17,248,846 in total sales at its annual Collector Cars of Fort Lauderdale auction event this weekend. The top seller, a barn-find 1963 Shelby Cobra (chassis No. CSX 2080), changed hands for $467,500 and represents a unique opportunity to make a direct comparison between the rise in a collector cars value and that of a traded commodity - gold.

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#2 OFFLINE   twobjshelbys

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Posted 10 November 2011 - 01:15 PM

The original 289 cars are still affordable at 400-500K. They've been holding in this range for a few years. Still quite a jump over what they cost new. :)
Cheers,
Tony

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#3 OFFLINE   Benzito

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Posted 10 November 2011 - 04:58 PM

What is crazier - staring at a stack of $30,000 in gold coins without spending them or keeping (and not driving) an original Cobra in the garage?
Mike (in Portland)

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#4 OFFLINE   SGT/SC#0471

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Posted 10 November 2011 - 05:49 PM

What is crazier - staring at a stack of $30,000 in gold coins without spending them or keeping (and not driving) an original Cobra in the garage?



Um not driving the Cobra! :hysterical:

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