1964 Shelby Cobra Found in a barn worth up to $625,000
A recent article By Peter Valdes-Dapena shows that Old cars could be worth a million..." It seems too good to be true. A car that was abandoned and forgotten in a garage for decades is discovered -- and it's worth a mint!"
"In some cases a car that may not seem particularly exciting to its owner at the time is parked in a barn or garage and forgotten about, said Tom Cotter, author of "The Cobra in the Barn" and several other books about this phenomenon. Only later, when a knowledgeable person finally cracks open the barn door, is its true worth revealed. "
"Shelby Cobra was parked in a shed in the early 1970s and, for the most part, just left there until 2004 when it was finally purchased by a new owner and restored. It's value was really listed by the auctioneers at Gooding & Co. at between $525,000 and $625,000.
Article by CNNMoney.com – Wed, May 11, 2011 1:20 PM EDT