6.4 litre V10 Ford Cobra concept could fetch millions at auction
Ford’s Cobra concept is due to be auctioned next month and is expected to fetch millions.
In 2004, Ford attempted to bring the iconic AC Cobra into the 21st century. The result was a 6.4-litre V10 roadster with many styling cues taken directly from the original Cobra.
Unfortunately, the car never made it to the production line as Ford started to face financial difficulties. Moreover, the American automaker wanted to focus their resources on the GT and the Mustang. Speaking of the GT, the Cobra concept’s V10 engine was originally developed for the 2004 Ford GT however - due to the company’s financial situation - the manufacturer was unable to use this power plant in the GT; forcing them to opt for a supercharged pickup truck engine.
Unlike most concepts, the Cobra concept actually works; it’s a fully functioning vehicle. After the project was axed, one of the engineers who worked on the Cobra concept bought the car for $825,000 which later proved to be an incredibly wise investment. After appearing on Jay Leno’s Garage, an appraiser put an estimated price of $1.5 million on the Cobra concept - that’s close to double the car’s original value.
The car is now due to be auctioned in August later this year at the Mecum Auction and is expected to fetch millions.