[Dan Stryffeler]

The value of anything is set by the market, and the market is just a snapshot in time, i.e it's constantly changing. Turk is right, (as usual), price has very little - if anything to do with cost. Ultimately, what something is worth is only what someone is willing to pay for it.

For a buyer who has $$$ and absolutely has to have a Shelby and doesn't want to wait for it... this car may have been a bargain at the reserve price - or more. For the serious collector, it seems like this car may have had some alterations which would lower its value (don't really know this - just assuming it from reading the earlier posts; stripes, engine, etc.)

In my opinion, ebay is as accurate as anything else going, probably brings the largest quantity of buyers to an auction, although I would expect that for a relatively high-buck car like this, a prospective buyer would probably either send a broker to inspect/appraise the car or do it himself, and then buy it through a private sale.

Evan, I agree that a qualified appraiser is probably one of the best ways to set a value, but my experience has been that it depends who the appraiser is working for; the seller or the buyer... and usually the first question they ask is "How much do you want it to be worth?"

Seems like overall, in this economy, with the large number of Cobra replica's out there, that the market is getting pulled down. Maybe ol'Shel had it right, the value of his cars are being diluted by the replica market.

ON the other hand, one of the big time auctioneers, (think it was Rick Cole), said about car collecting; "You never pay to much for a car, but sometimes you just buy too early."

Sorry, just rambling - have'nt had my coffee yet.

- Dan