You Know You Want To: AC Cobra Mark II 289
How to commemorate the passing of Carroll Shelby in the way he'd have approved of ... for a cost
We put the link to the advert for the Cobra you see here up on our Facebook page following the announcement of Shelby's passing on Friday and, off the back of that, decided it was worth a closer look. For sale at Ferrari specialists DK Engineering in Chorleywood, they're putting the car's value at around £1.5m. Which is a fairly staggering amount of money, it goes without saying. Now your jaw has had a chance to close again let's take a look at why this car might hope to command that kind of money...
Cobras are cool - we all know that - but come in all shapes, sizes and backgrounds. Browsing the PH classifieds you'll find all sorts of replicas and recreations of varying price and quality, fibreglass bodied ones like the Dax, South African built Superformance and Hawk (the latter bucking the 427esque trend and doing a nice 289 style body) popular while Kirkham Motorsports offers more authentic aluminium bodied cars. Or you can go for the German built AC MkVI, with various options of body including carbon and a starting price of just over £100K.
Suffice to say, you can get yourself in a decent, Cobra shaped car for a hundredth of the price of this one if you want. But this is the real deal and if your dream is a place on the grid at the Goodwood Revival - the kind of honour mere ownership of a classic Ferrari or two doesn't even guarantee - then this is an expensive way of making that happen.
A mark II Cobra with the 289cu inch engine and competition (lighter gauge aluminium body, flared arches, cut-down doors and a custom aluminium tonneau and aero screen combo) spec, in the flesh the car has a more minimalist, stripped back feel - delicacy almost - compared with the brawnier-looking 427 most recreations are based on. Fully restored just a few years back and returned to its original creamy off-white, DK's photos show it with a Le Mans style hardtop in place but when we dropped by it was back in its roadster configuration with an open cockpit and roll hoop combo.
Hand cut louvres in the bonnet - requested by the original owner as part of a number of upgrades to prepare the car for racing - are among the unique features on this car and though fully restored it's still got that all-important patina of a hard-working race car. One that's just as happy on the road too, that original owner apparently timing himself on a small hours run from London to his home near Thirsk in North Yorkshire in the mid 60s and setting the stop watch off at Hyde Park corner. Two and a bit hours and nearly 230 miles up the then single carriageway, camera-free A1 and he was home. You can argue the sense of such a stunt but it's a pretty heroic effort and the kind of story that adds extra spice to the car's history, a history that includes track competition and drag racing too.
What's it like to drive? There's some serious eyelash fluttering going on (it's not a pretty sight...) in an effort to find out but the list of those who've had the pleasure at Goodwood and other events in recent years include Jack Sears (who drove it in period too), Richard Attwood, Jackie Oliver, Derek Bell and the late great Gerry Marshall.
£1.5m is a very expensive ticket for the Goodwood Revival, admittedly. And we'll just have to hope whomever is willing to stump that up for the privilege of owning it is also happy to see it back on the grid and helping commemorate the man who created it. It's just a shame Shelby won't be there himself to witness it too.
Work does, however, apparently continue on a TV drama called The Drivers, inspired by Shelby's life and, in particular, his experiences at Le Mans. Produced by Ridley and Tony Scott there's been little word on it since an early press release, reproduced below, from last year. We're assured that the project is still live though and if it brings cars like this, and the Ferrari 857S driven back in the day by Shelby that's also for sale at DK, into our living rooms then who's to argue.
AC COBRA 289
Price: £1.5m
Why you should: Wonderfully original racing Cobra with cast iron history
Why you shouldn't: Goodwood tickets may be pricey but they're not usually this pricey
The Drivers press release (January 2011): FremantleMedia Enterprises (FME), the commercial and brand extension arm of FremantleMedia, today announced that Scott Free Inc. has joined Headline Pictures, Sennet Entertainment and FME on The Drivers, a series based on the high-octane 24 hour motor race in Le Mans during the 1950s/1960s. Ridley and Tony Scott will be co-producing the drama with Headline Pictures and Sennet Entertainment; FME is funding the project as part of their global drama strategy to develop and package drama series for the international market. The series is based on the book, Shelby: The Man, The Cars, the Legend written by Wallace A. Wyss and optioned from Iconografix. It tells the true story of wild young drivers from the US, Germany, France, Italy and Britain, friends and rivals, amateurs risking everything for a shot on the tracks. Ridley Scott commented, "I grew up in the North of England at a time when Stirling Moss was a hero. Everyone wanted to be a racing driver. This is a hugely ambitious project and a once-in-a-lifetime opportunity to tell the story of these iconic and legendary men who risked everything to win at Le Mans. It's an epic story of courage and ambition and a history of racing which has never been told on such a grand scale." David Ellender, Global CEO, FME added, "Having Ridley and Tony on board brings something really special to the project. They are indisputably two of the best filmmakers in the world today and their involvement raises the bar on this project to a much higher level of storytelling and production. Their vast international success combined with their British background puts them in a unique position to understand characters and stories from both sides of the Atlantic." Both Headline Pictures and Sennet Entertainment are excited about the partnership with Scott Free and their respective heads Stewart Mackinnon and Mark Sennet commented, "To work with the Scotts on a series about their boyhood heroes at a time when Europe was just beginning to emerge from the devastation of WWII gives us a unique opportunity to make this a personal story as well as a world-class drama." |
Standing next to me was a guy who identified every kit cobra as it came in. A really passionate anorak. That's an X look at the wheel arches, that's a Y the nose is different, that's a Z see how the something or other doesn't look quite right. Then a couple of old boys burble up in something cobra shaped. His face drops, he puts his beer down, walks over in a trance, "Thats's a real one isn't it?" Yes it is, they say, smiling. "You lucky bds." They shake hands.
Not one of the team cars, and not done a lot in period of any real note, unless countless outings at Croft are note worthy. Akin to buying a privateer 250 swb Ferrari with little period pedigree and talking up the recent racing history with some interesting drivers. They still have a value but not a 'famous' team/works race car. None of these cars are cheap.
If you look at what else there is on the market (fully sorted/developed) to get you to these events (Goodwood etc) and be competitive then the value in a strange way starts to look slightly more reasonable. It is 50 years of the 'Cobra' this year and Goodwood are giving a tribute, so someone looking for the right model may see this as an incentive.
The point with all of these historic racers is the value tends to go one way. The scene has become more corporate over the years and budgets have sky-rocketed, so to be competitive you need to spend some serious money either way. Buy a cheaper car and spend your money to make it competitive.
To put this into perspective, I understand that an individual is willing to or has now spent upwards of 700k for a 288GTO! A car that would usually book at around 400-450k 18 months ago.
As to whether this Cobra sells for the money being asked is another matter.....
Don't the original e-type lightweight/low drag cars go for about £1mil if and when they come on the market? Surely they're a good comparable.
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