Dragon Snake SOLD !!!
 

Dragon Snake sold for a cool $1,525,000.00!!!!

It should have been for more. That is a great car with an unbelievable history. Someone got a bargain.

Cheers!
Dave

I would not have been surprised at 2 mil PLUS. Sounds like the new owner got a bargain!

BARGAIN, absolutely! But if you figure the interest rate that Hal got on his investment over the last 30 or 40 years, he didn't do too bad!:D
Ralph:MECOOL:

Wow. I have been anticipating this auction for a while. I own 3 Shelby Mustangs but really want an original Red 427 Cobra with white lemans stripes .

Does anyone know what the other Cobras sold for today at Mecum?

Oooohhhh....That would be a nice little bonus to the account. :) Hmmmm...what would I do?

GT replica
Coupe replica
Oh, and retire. :)

A couple of other cobras sold for around 500k. I dont remember what there #'s were. the one i saw was a maroon color and it went for around 500.

See http://www.clubcobra.com/forums/show...t=67379&page=3

The 289 was a no-sale at $375,000 because it had recently been bought at another auction for around $385,000 plus buyer's fees.

Oh, thanks for clearing that up on the no sale 289 at $375K. I THOUGHT that was a 'fair price' considering the market, and it appears it WAS a fair price after all.

Can't blame the new owner for trying to make a little bit on the re-sale, and he will, in due time.

No doubt. As they say in collector car circles, you can never pay too much; you can only pay it too early.

That's just as true of the Dragonsnake. Could the car have brought $2 million? It clearly didn't today, and I don't believe it could have. Not at BJ, not at RM, not at R & S. There's no question in my mind that it will be worth that much and more in a few years, but who knows whether CSX2019 will ever leave the Shelby Museum?

In that sense, the new owner did indeed get a bargain. And maybe the losing bidder really lost out. He may not get a chance to bid on CSX2019 for another 40 years, if then. For any collector, with a car like the Dragonsnake, that's at the heart of the bidding equation. It's what ultimately drives up the price - bid now, or forever give up any chance of ownership. This isn't a run-of-the-mill serial car you can pick up at the next auction.

While any auction is a crap shoot (those being held without a reserve more than the others), I had a good indication the car would sell for between $1.2 and $1.5 million. It sold for $1.525. I'm absolutely convinced I got a fair price, as much as today's market will offer. Everybody walked away happy. Sounds incredulous, but I would gladly have taken a hundred grand less if I could have been assured CSX2019 would end up in a museum stateside. The fact that it did and I still received a bigger check than what I had expected . . . what more can you hope for!

Congrats Hal!

Thanks for keeping the Cobra for all these years and letting us in on a piece of history.

Scott S