A
ArtZR1991
Guest
I would think not just no, but hell no, when the car is a perfect, number matching, restored '63.
Gotta show you some pics:
Here's the situation, and it brings up a whole lot of interesting thoughts about our hobby (or, you may say, it doesn't).
The car was frame up restored some years ago to "concours" spec. But near the end, something happened, and the car was hastily finished. So, though it is very near perfect, and beautifully and completely restored, it is NOT a concours car.
Then the car sat for quite some time in an air conditioned storage garage. For example, though the entire suspension and exhaust are brand new, there is some "flash rust" on the steel parts. Anyway, after the car sat for some time, it was passed through the family to my client, who has absolutely no interest in the car, but does realize what it is. They know that it could have been worth quite a bit more than it is today. My estimate? you tell me, maybe $35-40k (today)?
Anyway, they were depressed about it's continued disuse and lack of maintenance and deterioration, and asked me to "take custody" of it for an indefinate period, maintaining it and showing it around at shows. Perfect, says I.
But now we get to its use as a Corvette history and show car. Obviously, we want as much impact as posible, and believe me, it is a real hit at any reasonable show with quality cars. But an interesting thing happens. When my Shelby replica is there, it (the Cobra) smothers all other cars. It is a replica, mind you, and not even an accurate replica, but it is a real retired racer (pretty rare), and has the endorsement of Shelby. But the thing that draws the crowd is the obvious over the top looks and the fact that it is obvious that it raced.
So I come to the question of perceived value. For those that do not follow Cobras, let me add a bit of background here. It is very unusual to see a Cobra replica sell for less than $30k used. Remember, this is a replica, with absolutely no physical connection to a real Shelby. And at that prices, not a very good one. The more authentic ones (but still with NO original parts), sell for $45-55k used. One with an original part, say an engine or block, get to $100k. If the chassis is original, even if the rest of the parts are not, then it IS a Cobra and $200k plus is average. If it is one of the 43 originally raced by Shelby American (none available at the moment), $3-5 million is average. You see what I am saying?
The greatness of the real car has carried even the replicas into the realm of reasonably collectable cars.
Now to my point: IMHO, the only American car that can stand toe to toe with a Cobra in the "WOW!" departmant is one of Zora's '60's Grand Sports. Unfortunately there were only 6 and you can bet your ass they are all accounted for.
But the real point is, because they look like they do (Cobra and GS), and because they have such a history (Cobra and GS), they are very popular, though you NEVER see a GS, replica or otherwise). And that is the point of showing the car.... to get the public's attention and telling them of the history.
So what if this beautiful '63 were transformed into a Grand Sport clone (not replica, more in a moment). And what if it were done in a very special way. For example:
All the original parts that were different from the GS would be removed and replacements made, thereby keeping ALL the original parts. Second, any added parts (a good example is the oil cooler on the rear) would be affixed with a method, such as high tech double back foam, that would not damage the finish. And all graphics wiuld be tape, not paint. No painting allowed. No changes to the interior, since the originals resembled stock. Lastly, there would be no attempt to EXACTLY duplicate the GS, because it can't be reasonably done, any more than a Cobra. So at the end you would have a GS clone (meaning based on a REAL car), and a hell of a show piece. But the original engine, hood, and other parts, would be cocooned and stored for reassembly at demand.
Then we get to the question. At the end of this (say $15k) transformation, you would have a GS clone that should (that is the question) compete very favorably against the best of the Cobra replicas for value. Then just for good measure, you would have the original '63 parts stored for reassembly. Hell, with no welding or modification, the car could be switched back and forth if desired.
Would that combination be worth more than what we have now? I suspect the answer is "yes". Would it be worth a LOT more. I again suspect "yes", but since my expertiece is obviously in Cobras, not Corvettes, I wanted to ask this highly qualified (dare I say opinionated) group.
By the way, the genesis of the question is not because of the value. It is because of the history of these two cars. They were the two that duked it out for the heavyweight title in '63. 64, 65, 66, and the fights were so spectacular that most people, even young ones, know just at least some of the history.
But not in my 58 years (birthday today!), have I ever seen these two gallant and spectacular warriors displayed together. But I have dreamed of it.
Kinda like the two bookends, with the story in the middle.
So my motive is obvious, as is my ability to do it or have it done. But can I justify to my client the investment? Can I protect the historical artifact of the '63 (that I would insist on)?
I am very excited about posing this question to you, and I hope for some thoughts. Thanks for reading this, and please comment.
Regards,
Gotta show you some pics:
Here's the situation, and it brings up a whole lot of interesting thoughts about our hobby (or, you may say, it doesn't).
The car was frame up restored some years ago to "concours" spec. But near the end, something happened, and the car was hastily finished. So, though it is very near perfect, and beautifully and completely restored, it is NOT a concours car.
Then the car sat for quite some time in an air conditioned storage garage. For example, though the entire suspension and exhaust are brand new, there is some "flash rust" on the steel parts. Anyway, after the car sat for some time, it was passed through the family to my client, who has absolutely no interest in the car, but does realize what it is. They know that it could have been worth quite a bit more than it is today. My estimate? you tell me, maybe $35-40k (today)?
Anyway, they were depressed about it's continued disuse and lack of maintenance and deterioration, and asked me to "take custody" of it for an indefinate period, maintaining it and showing it around at shows. Perfect, says I.
But now we get to its use as a Corvette history and show car. Obviously, we want as much impact as posible, and believe me, it is a real hit at any reasonable show with quality cars. But an interesting thing happens. When my Shelby replica is there, it (the Cobra) smothers all other cars. It is a replica, mind you, and not even an accurate replica, but it is a real retired racer (pretty rare), and has the endorsement of Shelby. But the thing that draws the crowd is the obvious over the top looks and the fact that it is obvious that it raced.
So I come to the question of perceived value. For those that do not follow Cobras, let me add a bit of background here. It is very unusual to see a Cobra replica sell for less than $30k used. Remember, this is a replica, with absolutely no physical connection to a real Shelby. And at that prices, not a very good one. The more authentic ones (but still with NO original parts), sell for $45-55k used. One with an original part, say an engine or block, get to $100k. If the chassis is original, even if the rest of the parts are not, then it IS a Cobra and $200k plus is average. If it is one of the 43 originally raced by Shelby American (none available at the moment), $3-5 million is average. You see what I am saying?
The greatness of the real car has carried even the replicas into the realm of reasonably collectable cars.
Now to my point: IMHO, the only American car that can stand toe to toe with a Cobra in the "WOW!" departmant is one of Zora's '60's Grand Sports. Unfortunately there were only 6 and you can bet your ass they are all accounted for.
But the real point is, because they look like they do (Cobra and GS), and because they have such a history (Cobra and GS), they are very popular, though you NEVER see a GS, replica or otherwise). And that is the point of showing the car.... to get the public's attention and telling them of the history.
So what if this beautiful '63 were transformed into a Grand Sport clone (not replica, more in a moment). And what if it were done in a very special way. For example:
All the original parts that were different from the GS would be removed and replacements made, thereby keeping ALL the original parts. Second, any added parts (a good example is the oil cooler on the rear) would be affixed with a method, such as high tech double back foam, that would not damage the finish. And all graphics wiuld be tape, not paint. No painting allowed. No changes to the interior, since the originals resembled stock. Lastly, there would be no attempt to EXACTLY duplicate the GS, because it can't be reasonably done, any more than a Cobra. So at the end you would have a GS clone (meaning based on a REAL car), and a hell of a show piece. But the original engine, hood, and other parts, would be cocooned and stored for reassembly at demand.
Then we get to the question. At the end of this (say $15k) transformation, you would have a GS clone that should (that is the question) compete very favorably against the best of the Cobra replicas for value. Then just for good measure, you would have the original '63 parts stored for reassembly. Hell, with no welding or modification, the car could be switched back and forth if desired.
Would that combination be worth more than what we have now? I suspect the answer is "yes". Would it be worth a LOT more. I again suspect "yes", but since my expertiece is obviously in Cobras, not Corvettes, I wanted to ask this highly qualified (dare I say opinionated) group.
By the way, the genesis of the question is not because of the value. It is because of the history of these two cars. They were the two that duked it out for the heavyweight title in '63. 64, 65, 66, and the fights were so spectacular that most people, even young ones, know just at least some of the history.
But not in my 58 years (birthday today!), have I ever seen these two gallant and spectacular warriors displayed together. But I have dreamed of it.
Kinda like the two bookends, with the story in the middle.
So my motive is obvious, as is my ability to do it or have it done. But can I justify to my client the investment? Can I protect the historical artifact of the '63 (that I would insist on)?
I am very excited about posing this question to you, and I hope for some thoughts. Thanks for reading this, and please comment.
Regards,