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-   -   Cobras going for Big Money At Mecum. (http://www.clubcobra.com/forums/all-cobra-talk/145557-cobras-going-big-money-mecum.html)

nkb 01-28-2022 11:07 AM

While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.


Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.

I'd post a link but their website is down.

FredG 01-28-2022 11:21 AM

Auction
 
Wow!!! Here is the link to the auction. Nothing stands out in the description that would be a negative and it met the reserve. At least, as I can see.

Fred

https://bid.goodingco.com/lots/view/...ica-by-kirkham


Quote:

Originally Posted by nkb (Post 1502672)
While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.


Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.

I'd post a link but their website is down.


twobjshelbys 01-28-2022 12:10 PM

Auctions are a crap shoot. My Ford GT went for 200K under what Craig Jackson and Steve Davis projected. Their placement of my car in the lineup and the promotion it got are indications that their expectations were for a much higher number. Auctions require two or more interested parties, and in the end, two then one. If it starts off with only two and one is not a real spender, you get a low number...

rads42 01-28-2022 12:43 PM

That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.

cycleguy55 01-28-2022 01:04 PM

Quote:

Originally Posted by rads42 (Post 1502678)
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.

This Backdraft just went for $110K at Barrett-Jackson.

https://www.barrett-jackson.com/Even...RTIBLE--251987

FredG 01-28-2022 01:40 PM

Kirkham Titling
 
In reading the description of the auction, there was a note that said this vehicle was Titled as a Ford. I wonder what State allowed that? It wouldn't be the State I live in and I doubt California would either.

Fred




Quote:

Originally Posted by nkb (Post 1502672)
While Cobras went for good money at Mecum. Kirkham 427 at Gooding and Co online auction went for $100K today.


Given that Kirkham rollers are in excess of $200k now, this seems way under market. Unless there is something seriously wrong with the car, that I missed.

I'd post a link but their website is down.


nkb 01-28-2022 01:43 PM

Quote:

Originally Posted by rads42 (Post 1502678)
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.

I saw exactly the same thing happen to an online Gooding auction for a first rate Lotus Elan that sold for 50% of market value, at no reserve. The Lotus then showed up on BAT a few weeks later and sold at market price (2xGooding).

My conclusion is that the Gooding online auctions really are a "crap shoot". Especially at no (or low) reserve. I don't think they attract enough serious retail buyers. Just opportunistic dealers.

The seller of the Kirkham left at least $100K on the table. The only saving grace is that the car was a 2007 so perhaps the seller purchased the car 15 years ago for a (now) low price - discounting inflation/cost of money.

1ntCobra 01-28-2022 02:19 PM

Well that color scheme is interesting. Perhaps I can see why that went at a discount.

https://images-cdn.auctionmobility.c...5F0XY4/3_1.jpg

RUFdriver 01-28-2022 02:49 PM

Quote:

Originally Posted by cycleguy55 (Post 1502680)
This Backdraft just went for $110K at Barrett-Jackson.

https://www.barrett-jackson.com/Even...RTIBLE--251987

Wow, that car was probably 70k out the door brand new.

KarlzEE Bebout 01-28-2022 04:03 PM

1nt, certainly wouldn't have been my color choice, but beauty is in the eye of the beholder. If the seller had wanted, he probably could and dropped $15K to paint it a different color and tripled his money. Just my 2.

patrickt 01-28-2022 04:05 PM

Quote:

Originally Posted by KarlzEE Bebout (Post 1502691)
1nt, certainly wouldn't have been my color choice, but beauty is in the eye of the beholder. If the seller had wanted, he probably could and dropped $15K to paint it a different color and tripled his money. Just my 2.

If he'd gone with beige maybe quadrupled it.:cool:

SBSerpent 01-28-2022 05:14 PM

Quote:

Originally Posted by cycleguy55 (Post 1502680)
This Backdraft just went for $110K at Barrett-Jackson.

https://www.barrett-jackson.com/Even...RTIBLE--251987

"Incredibly lightweight; around 1,800 pounds."

Well there you have it - that's why the BIG $. It was the ULTRA light version! Worth WAY more, even with the additional weight from the passenger role hoop.

:LOL::LOL::LOL:

t walgamuth 01-28-2022 06:17 PM

I have a 54 Studebaker commander coupe that color....don't care that much for it either but it is better than on a Cobra.

joyridin' 01-29-2022 05:05 AM

Quote:

Originally Posted by 1ntCobra (Post 1502687)
Well that color scheme is interesting. Perhaps I can see why that went at a discount.

That color is a bit of a puke-fest. There are certain cars that just don't mix with pastel colors.

Harpoon PV2 01-29-2022 06:05 AM

It's not just Cobra's! Look at what this 1958 AC Ace brought, and it is powered by the most anemic engine of all the Ace based cars! Of course, I never thought we would see Cobra's going for a million +. How many here, remember when the first 427SC went for a staggering $35,000, in the late 70s I believe! https://www.bonhams.com/auctions/27328/lot/44/

MOTORHEAD 01-29-2022 08:46 AM

re: the Kirkham : all chrome is pitted. License frame explains it "Carmel by the Sea " .b

1ntCobra 01-30-2022 05:27 AM

Quote:

Originally Posted by MOTORHEAD (Post 1502710)
re: the Kirkham : all chrome is pitted. License frame explains it "Carmel by the Sea " .b

It looks like it has the stainless steel frame and a Shebly aluminum block motor.

That patina probably hurt the sale price a bit, but I think the paint scheme is still the real killer of the sale price. Unless you really like those colors, I can just think the buyer was thinking this car needs a re-paint (or strip for polishing).

Blue66 01-30-2022 09:03 AM

Quote:

Originally Posted by rads42 (Post 1502678)
That Kirkham looks great! Someone got a hell of a deal. It'll probably sell on B.A.T. next month for $180k.

I'd have to paint it. That alone would have driven me away from it. Hate body shop jails .

SBSerpent 01-30-2022 06:43 PM

Quote:

Originally Posted by joyridin' (Post 1502705)
That color is a bit of a puke-fest. There are certain cars that just don't mix with pastel colors.

Works if you're an LA Rams fan! :LOL::LOL::LOL:

Harpoon PV2 01-30-2022 09:23 PM

Can't get past the yellow stripes. If they would have at least done an orange stripe, AKA Gulf colors, that might have worked?


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