With the legendary status that it has developed, it is never a surprise to find that virtually any Pontiac GTO will attract strong interest when it is listed for sale. That is the case with this 1967 model because it has already garnered 35 bids since the owner listed it for sale here on eBay. The owner has treated this classic to a mechanical refresh, and it now needs a buyer who can lavish the same level of TLC on its panels and paint. If you feel that it is a challenge that you would accept, you will find the GTO located in Sycamore, Illinois, where the bidding has sailed beyond the reserve to sit at $12,000.

Some people will show the ravages of advancing years more graphically than others, and some cars exhibit the same traits. This GTO is a perfect example because time has taken a toll on the panels and paint. However, the vehicle appears to be structurally sound. It is hard to believe that the Fathom Blue paint that graces these panels once shone beautifully, but that was a long time ago. The paint is baked, and plenty of it has made way for developing surface corrosion. There is also penetrating rust present, impacting some of the lower body extremities and the area around the back window. However, none of this appears to be particularly bad, and I feel that the new owner could address most of it with patches. I don’t believe that the buyer will be faced with the wholesale replacement of panels, but only an in-person inspection will confirm this. Some of the exterior trim will need to be reconditioned or replaced, and the buyer will need to source a new rear window.

From a structural perspective, this shot probably summarizes the overall state of this GTO better than any other. You can see that the frame wears a heavy coating of surface corrosion, but it appears to be structurally sound. However, the floors and trunk pan are badly rotted, and they are a long way beyond being restored with simple patches. That isn’t the end of the world because, as with many classics from this era, fresh steel is easy to find. A complete set of floors is available for under $500, while a full trunk pan will lighten the buyer’s wallet by approximately $520. There will undoubtedly be other components required, but those components represent a decent starting point for returning the GTO to her rust-free best.

With the exterior of the GTO wearing Fathom Blue, the Parchment interior trim would’ve offered a striking contrast. Once again, this is an area of the car that has seen better days, and a complete retrim will be on the cards. How the buyer tackles this will be a matter of choice, but it would be worth the expense and effort to return this interior to a factory-fresh state. Doing so will lighten the bank balance by around $2,600, but it should be worth it when you consider the potential value that this classic could achieve once restored.

The rest of the car might be looking pretty average, but lifting the GTO’s hood reveals plenty of good news. The GTO is a numbers-matching classic that features the 400ci “HO” V8, a 4-speed manual transmission, a 3.55 Safe-T-Track rear end, and power steering. The GTO was laid low during the 1980s when the 400 jumped two teeth on the timing chain. However, the owner has spent a bucketload of cash on reviving it, and it appears to be in good health once again. The list of parts that he has replaced is as long as your arm…and my arm…and the arms of several other people! He has left nothing to chance, with the suspension, brakes, and the exhaust all receiving the same level of attention as has been lavished on the engine. The car currently runs on an external fuel source, so the buyer will need to invest in a new fuel tank. Beyond that, it appears that the buyer won’t need to open their wallet to tackle any mechanical repairs with this beauty. Once this classic has been returned to the road, that V8 should fire the GTO through the ¼ mile in 14.2 seconds, which is a respectable figure for a car that tips the scales at 3,489lbs.

As restoration projects go, this 1967 Pontiac GTO looks like it’s a good one. It seems that the buyer won’t need to spend a dime on the drivetrain, and its panel and paint needs look relatively straightforward. That raises the question of financial viability, and it is one that potential buyers need to consider when tackling a project. It is easy to over-capitalize on a build, but the longer a buyer can retain the car once completed, the greater the chance that the car’s value will increase to offset this course of action. The individuals who get hurt the most in these situations are those that are forced to sell shortly after the project is completed because they bear the full brunt of such losses. If the buyer keeps their wits about them, they could be pretty safe with this 1967 GTO. That doesn’t mean that they should go ballistic spending money like there’s no tomorrow. However, it is a car that should easily command a value of $60,000 if the restoration is completed to a high standard. With its drivetrain combination, it could delve into six-figure territory if the owner can achieve perfection. With those figures in mind, it seems to make sound financial sense. If the almighty dollar is not a motivation, it should be a blast to own and drive once restored, and sometimes you can’t place a value on that sort of experience. When you combine all of those factors, it’s easy to see why the bidding has been so spirited.