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Maybe they accidentally added two 1's to the beginning? $5,000 sounds more reasonable.
32v 302? ITS GOT A COYOTE MOTOR.
No they're not.
Its collector value is two-fold
#1: it's immaculate with no miles
#2: it's the last fox cobra R made, period.
Do I think it is worth $115k? No. Will it be worth hundreds of thousands one day, for sure IMO.
Turk, you're wrong. A car's investment value is way more than it's performance in comparison to more modern vehicles. The value on a car is way more driven by the emotional connection buyers have to particular vehicle. I know will eventually pay top money for a restored 79-80' RX-7 some time down the road because I had some of the best times of my life in one.
I will agree that it is not worth that much now but it will be a 6 figure car within a decade. I would value that car right now to be closer to $60-65K. There are many people around my age now that remember the 93' Cobra R as one of their dream car. Why not buy that instead of a dime a dozen C6?
Then explain to me why most cars selling for over 100k are from 72 or earlier? Not many in the late 70s going for that much money eh? Performance isn't the only factor, but it has to do A LOT with it. Nobody is pining over owning a 1983 Corvette with 150hp.