If you want it for cruise in duty and weekend driving in the summer on a tight budget, do a "backyard rebuild" on it like w.e used to do 40 years ago. Strip the block bare, roll it outside and run a ball hone through it about 15-20 strokes each cylinder, keeping the hone very wet. 280 grit. Buy some Hastings or equivalent PLAIN IRON piston rings. They are very soft and will give you the best chance of having a successful break-in. Get new bearings, freeze plugs, full gasket set. Clean everything to death, using laundry detergent, lots and lots of scalding hot water. Blow everything dry and throw it back together. It will likely run decent, probably better than 90% of the Barret Jackson cars. Expect it to last 30-50K miles before it begins to wisp some smoke and burn some oil. That is 10-15 years for most collector cars. Can do the entire deal for less than $1000.00 on a typical Pontiac V-8. That includes a new timing set, rings and bearings, oil pump, gaskets, plug kit, cam and lifters.
Or you can really do it right for 5-7K. Or anything in between.
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