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The dealer seems to know very little. They were apparently selling the car for a customer, Mark Reece. He has an interesting background:
   http://news.bbc.co.uk/1/hi/england/devon/7505871.stm

I'm a bit late to this thread but am newly signed up to the Forum so please bear with me. I had a careful look through the "history file" of AE1138. In fact this consisted only of old race entry programmes, results sheets, photos, etc and nothing by way of documentation to substantiate the story of it having a new AC chassis or other components. The typed up sheets summarising the car's claimed history say that it was crashed heavily at the 1966 Silverstone 6hr relay race. After that accident it was supposedly laid up for an unspecified number of years then converted into a "Cobra"; however the race entry programmes show a different story with the car still being entered in competitions into the 1970s with a Triumph 2500 engine. At this point I decided to walk away.