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Join Date: Apr 2001
Location: Linn County, Oregon
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$13,750,000.00

Worth every penny?

Very first Shelby Cobra sells for $13.75 million, a new record for an American car - Autoblog

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Old 08-20-2016, 08:53 AM
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Let me guess, this was in Monterey. (Didn't open the link).

It's more a testament to the incredible wealth being created at the very top of the one percent and the finite number of super collector cars, trophy real estate, valuable art, etc. for which a Chinise guy can launder...err...invest some $$$.
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When hats and t-shirts are being sold at a funeral, it's a cult.
Old 08-20-2016, 09:28 AM
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Quote:
Originally Posted by speeder View Post
Let me guess, this was in Monterey. (Didn't open the link).

It's more a testament to the incredible wealth being created at the very top of the one percent and the finite number of super collector cars, trophy real estate, valuable art, etc. for which a Chinise guy can launder...err...invest some $$$.
LOL! You may be spot on. Also, a million sure doesn't go as far as it used to...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
Old 08-20-2016, 09:45 AM
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Or it is a devaluation of the dollar, i.e., a new kind of inflation. An inflationary pressure exerted disproportionately on the higher end. Which is something I don't have to worry about--for now. That is, until this inflation hits the consumer class.
Old 08-20-2016, 10:01 AM
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So now that Shelby is dead the estate is going to sell cars off? I'm surprised it didn't pull more. One of the most iconic cars, if not the most iconic car in American automobile history.
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Old 08-20-2016, 11:15 AM
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Did a little quick math and if a person had a billion dollars and bought that car, it would have the same impact on their bottom line as me buying a pizza!
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Old 08-20-2016, 02:31 PM
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IMO it's more a testament to the some of us being envious that someone else has that kind of money to spend. Who cares why? Good for them.
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Old 08-20-2016, 02:46 PM
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Quote:
Originally Posted by rwest View Post
Did a little quick math and if a person had a billion dollars and bought that car, it would have the same impact on their bottom line as me buying a pizza!
Here is the part of the math that is different; when a billionaire spends $100M on a yacht, he still has $900M left. When a guy with $100 spends $10 on a pizza, he has $90 left.

My cousin and I were talking about a particularly rich acquaintance, my cousin said that when you have several billion, it's like everything is free. $40M house? Free. Spend $100k on a vacation? Free. When you can't really touch your balance and don't have to think about it, it's all free.

I know people w credit cards that just always work. They've likely never seen a bill.
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When hats and t-shirts are being sold at a funeral, it's a cult.
Old 08-20-2016, 02:49 PM
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another round please
 
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Shelby only owned this one Cobra, no others. But that's crazy money. Did you see the 65 Shelby mustang go for $575,000.00. Thats is just stupid.
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Old 08-20-2016, 04:20 PM
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That's nutty, but it's hard to beat that provenance.
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Old 08-20-2016, 05:41 PM
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Great car and history but is it worth $13,750,000.00?

It must be because someone paid that for it.
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Old 08-20-2016, 05:42 PM
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Quote:
Originally Posted by speeder View Post
Here is the part of the math that is different; when a billionaire spends $100M on a yacht, he still has $900M left. When a guy with $100 spends $10 on a pizza, he has $90 left.

My cousin and I were talking about a particularly rich acquaintance, my cousin said that when you have several billion, it's like everything is free. $40M house? Free. Spend $100k on a vacation? Free. When you can't really touch your balance and don't have to think about it, it's all free.

I know people w credit cards that just always work. They've likely never seen a bill.
I used to tell people that Ross Perot with his Billion ran for President on the equivalency of $60.00 to a person with $1000 in the bank.

Old 08-20-2016, 06:49 PM
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