The block is not the original and the carbs are 3705's with 3447 tops done in the '60's to "cheat" the rules. The car is worth more than $12k for sure, but not $30k. The inner wells were replaced with new in the late '60's according to the son. I think the tag is long gone, but had plenty of other documents. It is missing ALL of the T85 trans and related parts, which equals big $$$.
Even though I am quoting you I don't want you to think I am directing ALL of this at you, just simply pointing out and responding to some of what you have posted as well as adding some commentary.
Here is some food for thought on cars like this.
I guess it depends on what you plan to do with a car like this.
1. The block would not be a big deal to me as it was a race car and that is the way it is with 99% of old race cars when you factor in all of the "supposed" original engines that are most likely restamps after 40+ years. Really how many people in their right minds actually BELIEVE an old race car will likely have it's original engine?
2. The carb top changes were typical of the time and to me is expected.
3. The inner fenders and missing tag are noted in the auction info if your read the "questions to the seller" however there is no mention of the 3 speed trans that I saw. The trans may or may not make a difference to a buyer because if they plan to race it, it will be faster with the auto. However the fact that the car came from the factory as a three speed MAY be important to some and it has that going for it even though the high priced trans and parts are missing. If it is important to the buyer it CAME that way from the factory and with enough money could be restored that way.
4. As far as the value of the car who is to say in this market or the future. These days with the cost of resto vs. the cost of a done car hardly any car is worth restoring even if you get the car for free. BUT, in my opinion, with cars this rare how can you even factor in project vs. done car? How many were built, how many survive, how many are done cars, how many are for sale? These are all of the things you have to ask when you are looking for a SPECIFIC car. If you are willing to settle for something else then YOU have to weigh that against what you REALLY want vs. what you are willing to settle for a few dollars saved. Did you ever buy something saving a few bucks and later kicked yourself in the *** for not spending the extra money for what you REALLY wanted?
5. The Internet is full of armchair appraisal experts that simply sit back and compare what THEY think is comparable to come up with what THEY think things are worth. MOST of them could not afford to buy the projects if they were 1/4 the asking price and certainly could not afford the resto. THEIR thoughts on value do not take into consideration the emotions that factor into these purchases that are the PRIMARY driving force with people that want to buy any particular car because of memories of having/wanting to buy one of these in days gone by.
Later in life when people have the resources to buy what they want it is seldom though of as an investment or what they will get for it when they decide to sell it.
Do most people think of what they will get for the new car they buy when they are done with it? It is all about the emotion when they buy the car and not down the road so why should we think it is any different with a purchase like this?
The bottom line is any particular car like this is usually worth more to the BUYER than the seller because the buyer has been lusting over a car like this for many years. You typically don't have many choices when THE car you want becomes available. Do you wait for another one to come up that maybe never does? I seldom comment on asking prices of cars like this because of all I have stated above. It is not like looking for and buying a 383 Roadrunner that on any given day on any month there are many for sale in varities of colors in various conditions to choose from.