In first-generation Mustang Land, it doesn’t get any better than a K-code GT, and that’s what this 1966 model, seen here on ebay, is. The car sits in Montclair, CA, waiting for a new owner to complete its restoration. If that’s you, the price rests at $7,000, likely well below reserve in an auction that goes until Saturday mid-day. Should you win, you’ll have an excuse to visit the Left Coast during a very temperate and beautiful time of the year.

What will you then do? Well, not drive your new baby home, for one. This car is needing a good deal of attention to finish it off, judging by the rather bizarre and incomplete photographic record offered as a reference point for visual inspection. Further, it is noted by the seller that the vehicle needs some wiring work to be finished before it can run. No estimate is given as to what the nature of the whole task is going to be before you get this one on the road, though two problems are noted specifically, the wiring as noted, and that the passenger floor pans need to be replaced. And that leads me back to the pictures: why is so much stuff in flat black? Why are some pieces seemingly primered? And what’s with what appears to be a sectioned floor pan? None of these photos do anything more than baffle, and there’s no narrative accompanying to explain.

If you can look past the fact that your gratification won’t be immediate on this car, you will end up with quite a treasure once rebuilding and painting are done. The Coupe is the most common of the three body styles (Fastback, Convertible) available in this model year, but the K-GT Coupe “Hi-Po” is extremely rare, numbering perhaps 1% of the total production of Mustangs for the year. What was a Hi-Po? Still a 289, but with solid lifters and a four-barrel carb, a combo that put out 271 horsepower. Unfortunately, the original engine is apparently awol, and what’s between the shock towers now is a non-Hi-Po mill. That could be expensive to reconcile, or you could just ignore the non-originality if concours shows are not in your future.

This car, if accurately configured, also has the luxury interior (nicknamed the “Pony” interior by enthusiasts), which makes for the rarest of the rare when it comes to Mustang Coupes of the era. It is equipped with disk brakes, one of the check-off must-haves to authenticate a GT of this vintage, so you’re dealing with the real thing, it would appear. You just need to be satisfied that that’s so before you bid, because if the signs pointing to rarity are real, this is a prize project car. So find your courage or swallow your doubts and bid. Just understand that the price you pay is really more of a down payment than a final number.