Re: Toronto Auction
Mel - can you stop calling this car a COPO?
An "air car" is just what the name implies - it is a car that appeared out of thin air. It is a term that is commonly used in the AC Cobra community where cars have sometimes "appeared" with no real ownership history. Cars with ownership history are called "continuous history cars" (CHC). It is uncommon, but not rare, to have two AC Cobras with the same VIN (due to legitimate reasons like previous damage history - damaged frame migrated to one car and the subsequently found damaged body went to another car - or even extreme cases of outright fraud). In such instances - the car with ownership history generally prevails. the other car is often an "air car". The legitimacy rationale revolves around the intent of the owner at the time of damage & rebuild - the car that survived with the titled owner being the continuous history car. Cars that just "appear" with no ownership history are "air cars" until their provenance has been determined.
There's probably a lot more that an attorney could add, but the message is clear - continuous ownership history is extremely important.
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