ERA #194 goes for a song at Russo and Steele Scottsdale

[SunDude]

Results of the Russo and Steele auction in Scottsdale were publshed online this week. A lovely ERA Cobra replica, chassis #194, sold for a mere $29,700. Seems to me like it went for a song, especially when compared with the Classic II roadster that sold for $47,300 and the unknown brand replica that sold for $39,050.

Here is #194's description from the Russo website. Anyone know what "ASVE" is supposed to mean?

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1992 ASVE E.R.A Cobra 1969 427 SC
Consignment #42-6297
VIN: E.R.A 194
Sold: $29,700.00 - Scottsdale 2010

This E.R.A. Cobra replica is #194 and rides on a 90" wheelbase chassis. Complete motor build was carried out in November of 2009 and the car has dyno time only. A period-correct "turkey pan", 64 Jaguar XK-E rear end with 3.77:1 gears & solid inboard brakes, Fox racing shocks, 11" ventilated front brakes round out the period hot-rod parts. The car is finished in the unique grey color with ghost stripes that wrap around the nose. Inside, the period-correct dashboard layout looks completely right as does the riveted-on hood scoop on the outside.

All documentation since build with previous owner information is included; just 3 adult owners have driven and had lots of fun in this unique automobile.