Soft cobra market.

[767Jockey]

I've been very closely watching the Cobra market now for almost 3 years. As I get more and more involved, my wants go to higher and higher level cars. I started wanting a FFR, then decided I wanted to step up to a SPF, then said I wanted an ERA, now I'm starting to think about waiting for a Kirkham. My point is, as my price range goes up and up, my wait becomes longer as I try to accumulate the funds. In the meantime, I watch the market. I can tell you without a doubt that 3 years ago, a top shelf ERA with a 427 FE sideoiler in it, all top of the line equipment and workmanship, would have been 60K to 65K. There's no way you'd get that now. I recently saw an incredible ERA, in my view the nicest one I had yet seen, go for 50 - 52K. Even more surprising was that it lasted on the market at that price for over 6 months. I'm not saying that this is good or bad - it just is what it is. The prices on used Cobras has come way down, especially on the upper end cars like ERA. In that time, prices on SPF's have fallen dramatically as well. As far as Kirkham's I haven't followed them as long, so I'll leave that to someone else. However, there was recently a nice looking Kirkham with a 429 or 460 in it (I forget which) that was available at the lowest price I have yet seen for a Kirkham.