oldmodman's 468-Mile 2003 Ford Mustang SVT Cobra Coupe on BaT

[SID297]

Long time members of SVTP undoubtedly remember and miss oldmodman (Drew). He was a great guy, and kept an immaculate Terminator. RIP friend.

468-Mile 2003 Ford Mustang SVT Cobra Coupe

Bid for the chance to own a 468-Mile 2003 Ford Mustang SVT Cobra Coupe at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #62,212.

bringatrailer.com

 

[P49Y-CY]

oh wow that was oldmodman's? saw it on youtube the other day. yeah he was a great guy. based on how he posted i never would have guessed he had so few miles on it.

 

[BlksvtCobra01]

What a gem. I remember hating on ZY and liking SY much more. That is a good looking terminator RIP Oldmodman.


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[CobraBob]

Sid, how did you find out this was Drew's Cobra? I didn't see anything in the BAT listing that revealed a previous/original owner's name. I personally miss Drew. I was an awesome straight-up guy.

Bidding is at $35,250. with 5 days remaining. This one will climb pretty high.

 

[wckdvnm]

Sid, how did you find out this was Drew's Cobra? I didn't see anything in the BAT listing that revealed a previous/original owner's name. I personally miss Drew. I was an awesome straight-up guy.

Bidding is at $35,250. with 5 days remaining. This one will climb pretty high.

I believe there is a thread on here that may have owners vin #’s or something like a registry

 

[CobraBob]

I was kind of assuming that was maybe how it was tracked to Drew.

High bid is at $42,000. with 4 days to go.

 

[Ke1130]

Didn’t sell at final bid of 42k. ZY gets no love not my style but that’s rough.

 

[Bullitt1448]

42k was a decent bid for a ZY, it’s a time capsule for sure but if it was a CO ot SB it would have been bid higher in my opinion. Wonder what the reserve was set at ?

 

[Ke1130]

Yea a 1500 mile SB went for 61k I think on eBay and the MC for 81k with under 1k miles in the last couple months so I’d assume reserve was around 50k and seller was probably hoping for low to mid 50’s. They made a comment that it wasn’t close to reserve. I would say just about any color other then ZY would have been bid much higher with similar miles and condition ZY is a love it or hate it color and unfortunately most people hate it.

 

[Bullitt1448]

My guess is it will surface somewhere else soon hoping for more money

 

[specracer]

Im really surprised, regardless of color, thought this one would get into the fifties. 4xx mile terminators are not available everyday.

 

[ZiaRunner]

Makes the terminator market that more confusing. Usually the all stock low mile terminators set the market. This one did the opposite.

 

[98 svt]

Makes the terminator market that more confusing. Usually the all stock low mile terminators set the market. This one did the opposite.

How so? I'd say that IS the current value of a 400 mile ZY 03

 

[badmpg03]

Surprised at the results as well. I am glad it didn't sell at $42K...that is a special car, and based on mileage and comps, should go for more.
Personally I've never minded the color, it's also more rare than Mystichrome.

 

[ZiaRunner]

How so? I'd say that IS the current value of a 400 mile ZY 03

Good question. I thought it would’ve trended for over 55k like the one owner low mile redfire on BAT. Maybe slotting under the low mile MCs around 60k was my guess. This ultra low mile mint terminator didn’t really do any favors IMO for the market other than show color is a significant factor.

Tough to say that IS what it’s worth when it didn’t even sell.

 

[98 svt]

Tough to say that IS what it’s worth when it didn’t even sell.

It didn't sell because the seller had higher expectations. Asking prices don't do much to value a car.
I could list my 98 for $50k, and if the bids only get to $15k then I'd say the value is closer to $15k than any asking value/reserve I have on the car.

 

[ZiaRunner]

It didn't sell because the seller had higher expectations. Asking prices don't do much to value a car.
I could list my 98 for $50k, and if the bids only get to $15k then I'd say the value is closer to $15k than any asking value/reserve I have on the car.

Right.. I hope the next owner enjoys this one. It’s a beauty

 

[specracer]

My 2c which means nothing, $5xk for a 4xx mile 1000% stock cobra (key detail), regardless of color, seems normal by "todays" standards, and the area where they actually trade hands (vs an ask).

 

[44shelby]

Its because its zinc yellow it didn't sell for an extreme amount of money. Zinc yellow, black, convertible cars, and cars with front plates holes drilled on them never do well. Even worse if its a combo of any of those.

 

[HPLouis]

Its because its zinc yellow it didn't sell for an extreme amount of money. Zinc yellow, black, convertible cars, and cars with front plates holes drilled on them never do well. Even worse if its a combo of any of those.

I've never understood why the front plate devalues the car so much. The new owner could just repaint the bumper....no?