BIG Prices for Original Cars at RM Auction

marcocsx3121 · #1 (**permalink**) 08-12-2007, 04:48 AM

This may be old news, but two gorgeous, original Cobras were sold at the RM Auction in AZ (not sure of the actual date). A pristine, silver slabside 289 went for $500K, while a superb 427 SC hit $1.3 mil, both plus buyer's premium.

mr bruce · #2 (**permalink**) 08-12-2007, 04:54 AM

A question, what do you tell the taxman when you sell one of those cars?, in the $500k range you got to be at 35%. Not to even factor in the personal property tax paid over the years.

computerworks · #3 (**permalink**) 08-12-2007, 04:59 AM

Old, yes...that was back in January.

Both cars were uber-restored.

The 427 was CSX3045 and the slab was CSX2342.

A-Snake · #4 (**permalink**) 08-12-2007, 06:42 AM

There will be more to watch at auction in Monterey this week. Gooding & Co has CSX2541, CSX3294, and CSX3162.

RM Auctions has CSX3271 and CSX3181 listed.

427sharpe · #5 (**permalink**) 08-12-2007, 10:12 AM

CSX3045 was the original car for the Contemporary mold, wasn't it?
It seems by ASnakes post that the uber-prices are shaking a lot of cars loose. I hope they wind up with an owner who will drive them and not in a crate in Belgium!

marcocsx3121 · #6 (**permalink**) 08-12-2007, 12:34 PM

Whoever buys them, I doubt that they'll be driven (at least on the street) the way we drove our Cobras back in the 70s. There's a lot to be said for being young, feeling indestructible, and having a double dose of testosterone. In addition, not having to worry about losing a six or seven figure investment helped.