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Stallone claimed that the 1950 Mercury, which featured in his movie 'Cobra', was stolen from a storage garage in 1994 and Stallone never saw the car again, until recently. The Cobra car is now in the possession of a collector who rents out vehicles for movies.
According to legal papers, filed in Los Angeles, Stallone has claimed that he asked the car's current owner to hand over the keys but he has refused. He has insisted that the one-off vehicle is worth more than $ 250,000.
Apart from getting the car in return, the actor is demanding 3 million dollars because the car company's website allegedly used his name and image to promote the auction without proper permission.