19 May 2009 - 13:00
Cobra Coupe: not worth £10m
Need car auction advice? Don't come to Top Gear.
Not only did we manage to put a hot tip on completely the wrong Ferrari at last weekend's Leggenda e Passione auction - plumping for the 330 P4 that failed to meet its reserve instead of the 250 Testarossa that sold for a world record £8m - well, remember the lovely Shelby Daytona Cobra Coupe we confidently predicted would sell for £10m?
Failed to meet its reserve. Yes, at last weekend's Spring Classic Auction in Indianapolis, bidding on the 1965 FIA GTIII-winning Cobra fizzled out at a pitiful $6.8m (£4.4m), below its reserve.
Maybe it was a mistake scheduling the Cobra's sale on the same weekend as the big Maranello event. There's only so much capital an evil megalomaniac can raise by flogging plutonium to shady underground networks in a single week, isn't there?
Since we're on a roll, here's our top tip for the racing today: stick a tenner on Limpy Old Nag in the 14.15 at Towcester. Can't lose...
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To be honest I'm not surprise. Is any car worth £10m in the credit crunch climate. Over priced.......by a lot!
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what a surprise no-one expected that in a recession did they?
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who ever would buy this this car for that much would be a madman, i mean come on for 10 mil you can buy modern cars that are fast and good looking. and if ur into that old styling just buy a ford gt @@@@
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This gorgeous car is worth far more than some prissy little italian p.o.s.
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im not surprised. it is a ford, after all, a good looking one, but a ford, and its a recession/depression. no one is going to fork over that much money for a ford.
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A million? Yes. 2 million? Maybe. 10 million? Not a chance.
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I'm not sure the actual reserve was £10m. Plus, FerrariBoy, this is far more Shelby than it is Ford. Shelby is a very highly regarded name in America, where the auction was held. I think it was at Indy or somewhere.
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I'm preety surprised that it didn't go for £10 million
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Mikeado commented on this article
19 May 2009
Good thing the reserve's not a rollover then. It's a shame it didn't sell. I quite like it.
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