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Kirkham Motorsports

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Old 06-11-2014, 12:05 PM
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Cobra Make, Engine: Shelby Cobra CSX4206 aluminum body, original 1965 NASCAR 427 SO, Dual quads.
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Quote:
Originally Posted by AL427SBF View Post
All very interesting, no question you are overly concerned about the value of your csx continuation otherwise why solicit a 3rd party appraisal. No matter, the truth is your car is worth what the market will bare and until you actually post a published sale of any Shelby Cobra Continuation over $200K you are just winging it, as in hoping on a wing and a prayer, that your perceived value is true. Using your own criteria for credibility, where's the data to back it up?
_
The Data. Lets start with a rolling chassis at $160,000.00 before tax. Lets then go to a 2 year wait. Then lets proceed to a detailed and quality authentic build out. You think you are getting into that aluminum Continuation Shelby for less than $200K?

My data? The detailed appraisal and statement recently received setting out in detail with costs what it would take to re-do CSX4206 today from HRE/Billy Andrews. Why solicit a "third party appraisal" ? I have the car insured for an agreed value. Carrier has all the documentation on the car and understands what it is. There is no way I can duplicate my car today as it sits for less than $240,000.00 I was clearly advised this by Billy Andrews at HRE who is very familiar with my Cobra and knows it inside and out. He laid it out in writing in detail. Not winging it.

However, I'm not selling it. But I have had interest expressed to acquire at over $200K on more than one occasion and an owner of a near identical car out of HRE turned down $250K. Had my car sold in or about 2004/5 for $145,000.00 as I recall. I backed out of the deal.

But whatever you say. I'm "winging it". Ok.
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Old 06-11-2014, 01:29 PM
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Quote:
Originally Posted by REAL 1 View Post
The Data. Lets start with a rolling chassis at $160,000.00 before tax. Lets then go to a 2 year wait. Then lets proceed to a detailed and quality authentic build out. You think you are getting into that aluminum Continuation Shelby for less than $200K?

My data? The detailed appraisal and statement recently received setting out in detail with costs what it would take to re-do CSX4206 today from HRE/Billy Andrews. Why solicit a "third party appraisal" ? I have the car insured for an agreed value. Carrier has all the documentation on the car and understands what it is. There is no way I can duplicate my car today as it sits for less than $240,000.00 I was clearly advised this by Billy Andrews at HRE who is very familiar with my Cobra and knows it inside and out. He laid it out in writing in detail. Not winging it.

However, I'm not selling it. But I have had interest expressed to acquire at over $200K on more than one occasion and an owner of a near identical car out of HRE turned down $250K. Had my car sold in or about 2004/5 for $145,000.00 as I recall. I backed out of the deal.

But whatever you say. I'm "winging it". Ok.
"Interest" expressed a decade ago and an appraisal = Data? Most of us here know that "interest" and appraisals are worthless. I know the appraisal process very well (businesses, real estate, cars, etc.) as I'm sure you do. Educated guesses performed by uneducated people.

All I'm asking for is published sales where money actually moved between two unrelated entities or people. Everything else is pure nonsense in my part of the universe. I'll keep scouring my auction magazine (Sports Car Market) each month and will let you know when one does sell for $200K+.

There's a brand new alloy CSX4000 sitting at Hillbank for $199,000. Make them an offer, buy it, and then flip it for a profit. You could make a profit of 10-20%, which when annualized is an outstanding ROI.
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Old 06-11-2014, 01:40 PM
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Quote:
Originally Posted by RodKnock View Post
"Interest" expressed a decade ago and an appraisal = Data? Most of us here know that "interest" and appraisals are worthless. I know the appraisal process very well (businesses, real estate, cars, etc.) as I'm sure you do. Educated guesses performed by uneducated people.

All I'm asking for is published sales where money actually moved between two unrelated entities or people. Everything else is pure nonsense in my part of the universe. I'll keep scouring my auction magazine (Sports Car Market) each month and will let you know when one does sell for $200K+.

There's a brand new alloy CSX4000 sitting at Hillbank for $199,000. Make them an offer, buy it, and then flip it for a profit. You could make a profit of 10-20%, which when annualized is an outstanding ROI.
What I have is a detailed build sheet from HRE showing the cost to clone my car in detail. Not an estimate. That's what it would cost. It's more than just an appraisal. It tells me what it would cost me to do it all over again today. Being that finding aluminum Shelbys for sale are difficult, in fact dealers have advertised to buy them and there is a 2 year wait.....supply and demand

Keep waxing on about sales etc...I know what I was offered. I know what I turned down. don't need to prove to anyone. Ripley's Believe it or not.

Twoshelbys: You nailed it. World largest unbiased Cobra site.
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  #4 (permalink)  
Old 06-11-2014, 01:54 PM
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Quote:
Originally Posted by REAL 1 View Post
What I have is a detailed build sheet from HRE showing the cost to clone my car in detail. Not an estimate. That's what it would cost. It's more than just an appraisal. It tells me what it would cost me to do it all over again today. Being that finding aluminum Shelbys for sale are difficult, in fact dealers have advertised to buy them and there is a 2 year wait.....supply and demand

Keep waxing on about sales etc...I know what I was offered. I know what I turned down. don't need to prove to anyone. Ripley's Believe it or not.

Twoshelbys: You nailed it. World largest unbiased Cobra site.
And a clone of my Kirkham WOULD be $175,000. Does any one want to pay that right now?

Just like you, I'll keep repeating myself. Hillbank has a brand new completed CSX4000 for $199,000. No wait. (They should pay me a marketing fee). Buy it and flip it for a quick profit. Do it quickly before the secret is out.

I'll keep "waxing on" about sales, because, for example, when you buy a home, your realtor should be showing you actual sales data about comparable homes in the neighborhood before making an offer. I hope folks aren't buying homes based upon Ethyl's words, paper and/or computer algorithms.
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Old 06-11-2014, 02:24 PM
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mullen2,
Thanks for posting.
Sometimes we're the only ones talking here so we think we're the be all, end all.
I used to think that until I expanded my 'Cobra orbit' when I moved to LA.
My wife's friend's husband (whose been at McCluskey since Dolphin shorts), has shown me another side to high end replicas, Completion Cobras, originals, etc.
People would be surprised to know what a Kirkham dressed to the 9's really goes for, or who the premier engine builder for originals is, or how 'that guy' got his friend an incredible deal on an original and restored it, for cheaper than the CC brain trust would believe.
Published numbers are for everybody. Lots and lots of guys deal in originals as well as high end replicas 'behind the scenes'.
$200k for an ally Shelby done well? Abosolutely. Very close to that for a KMP.
mullen, please post pics of that baby!
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Old 06-11-2014, 02:50 PM
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Published numbers are for everybody. Lots and lots of guys deal in originals as well as high end replicas 'behind the scenes'.

You would be surprised at what goes on behind the scenes. lol I usually know what's going on with a few models like Ferrari GTO's and McLaren F1's. Less of them around then Cobras. lol In fact I'm one of the go to guys for F1's since I pulled one out of Brunei along with 6 others from the royal family years ago. The F1 registry is the only registry that I help out on when I have the time.

Would have been nice to be part of the Tuscany tour.

http://www.mclf1.com/


Not sure when 18 f'1 will be in the same place again.




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