@jhein & @keith k...exactly what I was trying to convey, albeit poorly. If a restoration shop can't recoup the cost of parts/labor, it would take an individual similarly skilled who loves the car enough to do the same work, keep it and eat the $. Or get it roadworthy and not be worried about a full resto.
$55K in the existing condition seems steep to me, regardless of the rarity.
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1970 GTO (Granada Gold) - 400 / TH400
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