Would you buy it?
12-Mile 1993 Ford Mustang SVT Cobra for sale on BaT Auctions - sold for $204,000 on June 10, 2025 (Lot #195,456) | Bring a Trailer
I don’t look at Bring a Trailer all that much but when I do it seems there are very few sales that seem resonable . Most of the time I think some people just have too much money .
I think it’s ridiculous
You dare not drive it, as any actual usage of the car will dramatically decrease its value to someone else . . . for the record, I think the price paid was too steep
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What a waste of a good car. No one enjoyed the car… as a CAR.
It just sat like some full sized Revelle model and was sold as such.
I hope the new owner drives the heck out of it… But I doubt they will.
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No.
As mentioned, it’s destined to be a showroom piece or the value will plummet. Who cares what performance equipment it has if you’re not driving it? As a showroom piece, I don’t find it to be a particularly attractive car…so a hard no even if I had that much disposable cash to spend on it.
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No way. I’m not rich enough to put it back in service and accept a decrease in value. If I really wanted it and had enough disposable cash, I’d pay less than half the asking price. As an auction item, I’d start and maybe $40,000 and see where it goes.
There are a number of examples of this kind of ridiculous auctions of incredibly low mile cars.
A Honda S2000 CR model with less than 200 miles for $170K. Such waste of a great car.
A Chevette with 50 miles that sold for $30K?? Not worth $30 IMHO but someone paid big bucks for a bucket of bolts.
There is a 61 mile 1982 Chevy Camaro on BAT right now at $21,000 bid. At least it isn’t $210,000!
When I worked for GM, specifically on Camaros, a racing option called the 1LE package was introduced in 1989. With the proper selection of options, you could get a car with a list of performance parts including some Corvette brake calipers and wicked stiff shocks and struts (bone jarring racing parts I developed!) that could then be raced in a “Showroom Stock” series. With a 5 speed, you got a 305 V8. With a 350 V8 it came with an automatic… not legal to race. All buyers got a phone call from Chevy to make sure they knew what they were getting. 2 buyers opted for the 350 V8s. Both buyers were collectors that sent the cars straight to storage. 
If someone pays the price, then its value has been set. On that day. 6 months from now? Who knows. All you need is 1 buyer.
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My own rule of thumb is…
Cars are meant to be driven, not parked most of the time.
My neighbor bought around a 2020 Corvette Stingray brand new. It was his dream car. Sadly, it sits in his garage most of the time; he gets it out to drive a couple of times a month. I think he also wipes it with a cloth baby diaper or something like that. He also laments ever having to drive it in the rain.
Let’s just say that’s not for me. I’d rather have half the cash back and an older Corvette I’m not afraid to drive.
A 2020 vette has no collector value. And probably paid >msrp.
A 2017 ZR1 does have value.
And would have been $35,000 less $$$
'93 was the first year of the SVT Cobra, it represented a very small bump in performance over the GT. This crazy money is only explained by the near-zero miles, plus a healthy dose of the tulip bulb syndrome.
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It’s only 5 years old. Give it another 25 to 30 years and it might appreciate in value.