Sounds like the car has basically been built off what was originally just a display piece. It never was originally a Cobra, and it was never assigned a VIN by AC or Shelby.
In which case, my thought is you're buying the car for what it is a replica built on a correct frame. You're not buying it for the history necessarily, which is where the value of original cobras separate from some of the most correct replicas. It's fairly well listed about the history in the auction, but it's easy to get excited and overlook 1 detail (although I hope anyone spending $250k is detailed).
What I don't like, is that whoever created it into what it is now, has attempted to confuse and deceive an unknowing buyer by requesting and entering a VIN so close to an original Cobra. Changing an O to a 0 is a common trick people use to bypass or cause confusion. Now that it's been done though, it's tough to undo as the car has an established history under it's current VIN.
I didn't get the chance to read the full BaT auction but sounds like the owner was inflating his auction. Just shows the owner doesn't have much integrity and is willing to go to extreme measures to inflate the value of his car versus selling it for what it is and how it is.
In which case, my thought is you're buying the car for what it is a replica built on a correct frame. You're not buying it for the history necessarily, which is where the value of original cobras separate from some of the most correct replicas. It's fairly well listed about the history in the auction, but it's easy to get excited and overlook 1 detail (although I hope anyone spending $250k is detailed).
What I don't like, is that whoever created it into what it is now, has attempted to confuse and deceive an unknowing buyer by requesting and entering a VIN so close to an original Cobra. Changing an O to a 0 is a common trick people use to bypass or cause confusion. Now that it's been done though, it's tough to undo as the car has an established history under it's current VIN.
I didn't get the chance to read the full BaT auction but sounds like the owner was inflating his auction. Just shows the owner doesn't have much integrity and is willing to go to extreme measures to inflate the value of his car versus selling it for what it is and how it is.