1967 Shelby Cobra 427 Roadster sells for a record $1.8M at Amelia

What goes around, comes around. That was a good thing at Amelia Island. A 1967 Shelby Cobra 427 Roadster sold for $1,792,500 at RM Sotheby’s, setting an auction record for a non-competition-spec Cobra 427. The sale broke the previous record of $1,705,000 at RM’s Monterey auction in 2014.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2019/03/11/amelia-island-2019-record-sales

“Although the Cobra changed hands, the record didn’t.
The same car—chassis CSX 3359—set both marks.”
$1,700,000 to $1,800,000 in 4-5 years doesn’t sound like a good investment but I’m sure having the cash back in your pocket feels good.

Oh I don’t know,…
having a car sit in a garage for 4-5 years and I do absolutely nothing and make a 100 grand in the process. Doesn’t sound too shabby to me

Gross profit of $87,000,probably $170,000 commission at purchase and $180,000 at sale plus insurance, storage,etc. a big loss, just to look at it but can’t drive it ? No Way!