Tackling a restoration project can involve serious commitment if a tired and battered classic is to regain its lost youth. That is the battle facing the new owner of this 1967 Mustang GTA. It originally possessed equal measures of stunning looks and performance, but those days must feel like a distant memory in its current state. The winning bidder faces all the hurdles you might expect in a vehicle of this type, plus a few you may not expect. It is listed here on eBay in Milwaukee, Wisconsin. Bidding sits below the reserve at $10,500, although there is a BIN option of $29,000 for those wishing to bypass the auction process.
The supplied photos aren’t great, but they tell us enough to confirm this Mustang requires a mountain of work to return to its former glory. At some point, it has undergone a color change from its original Brittany Blue, but the deterioration suggests that it occurred many years ago. That is the least of the buyer’s concerns because plenty of rust requires attention before the decision on paint color enters the equation. It has impacted some lower body extremities, including the fenders and doors, and there may be more in the rockers and lower rear quarters. There are glimpses of the floors showing significant holes, so new floor and trunk pans will probably join the shopping list. The state of the torque boxes, rails, and shock towers is unknown, but potential bidders would wisely brace for the worst. Some of the distinctive GT features, like the grille and foglights, are gone, and many of the remaining trim items require replacement. That list represents a lot of work and expense, but this Mustang’s “nose-up” attitude suggests there could be more to come.
The single interior shot tells us little beyond the fact it is another aspect requiring a total restoration. Trim kits are readily available, which could be the most affordable part of the build. The VIN and Marti Report confirm it rolled off the line with the S-Code 390ci V8 under the hood. This delivered 320hp, while the original owner specified the three-speed C6 automatic transmission and a 3.00 conventional rear end. It would have been a potent performer, capable of devouring the ¼-mile in 14.5 seconds. If the driver had been brave enough to keep the pedal to the metal, the S-Code would have run out of breath at 130mph. For potential buyers, the news isn’t great. The original engine is long gone, with the space containing nothing but fresh air. The seller has a date-correct 390 available, but its cost will be in addition to the final sale price. Its condition is unclear, representing another area of this classic where potential buyers will be rolling the dice.
The reality is that the more desirable versions of the First Generation Mustang continue to command stratospheric prices, pushing them beyond the reach of many enthusiasts. Even battered and bruised project cars like this 1967 GTA don’t represent affordable options in the eyes of many. A high-end restoration won’t be cheap, considering the rust repairs and parts required to return it to its former glory. That approach should net a potential value above $60,000, although a higher figure is possible if the new owner achieves perfection. The loss of the original V8 will have some impact, but the BIN figure might have some people wondering. Do you think there is enough room to move on this restoration before its financial viability becomes doubtful, or would you complete the build regardless of the cost?
Wouldn’t even start the build on this one. Looks like it spent some time in lake Michigan. Easier to buy a new body and make your own.
This generation fastback has a subtle character line on the roof in the center growing slightly more pronounced as it makes its way to the rear glass. Very subtle.
Classic Mustangs and mopars are ridiculously priced, a 66 pony with a 6 cylinder and fmx or c-4 going for 28 K. Double that for a v-8 & 4 speed. Restoring is very time consuming, and the correct parts can run 20 K. Labor rates are crazy
A BIN of $29K for a roller which needs much work seems excessive. Add the expense of the a correctly date-coded but NOM of unknown condition and a new owner can be upside down on delivery.
My first ride was a 67 notch back 289 automatic. Love the 67. I currently have a 67 fastback and underneath the car it says (Made in Hong Kong Patent Pending) I don’t think it is worth 29K either. Probably worth at least $500 seeing as how it is one of the first Hot Wheels by Mattel ever produced. I have been told I am a funny collector.
Nope
This one, is for someone with way to much money, and nothing else to spend it on. But, that’s just my opinion. It certainly isn’t for someone without extremely deep pockets. From the article, it’s not really worth even being used as a parts car. But again, that’s just my opinion.
I’m a life long Ford guy, but even I, unlike the Mopar guys, can admit when prices are a bit much. A shame the original motors gone. As far as the date correct 390 included, at an extra cost, is it the high performance version like what came with the car? Or is it a run-of-the-mill 390 out of a 67 LTD. Block date codes are all the same.
29k for this? Better be 28k in the trunk ….oh what trunk.
Well here’s another delusional classic car seller. Another one of those “not for sale until it is rotted beyond all hope then ask fully restored money for it.” Oh, and don’t forget the missing original engine. Why someone would take an original engine out of a potentially valuable car to use in a probably worthless vehicle never made much sense to me.
I hope he gets his price. Every time a turd like this sells for stupid money? My ten footer gets even more valuable.
I think even if it had the original 390,the price would still be too high.then offering the motor he has for extra?should be included in any case.The run of the mill 390 for 1967 still would have made around 270hp with a 9:6.1cr,only about half a point from the 10:1cr hi-po version.using the appropriate cam and a aftermarket intake,carb and headers along with electronic ignition can make more than 320hp anyways.would depend on how important numbers matching would be i guess….
See the other stang in the pic maybe if it comes with it 29 k orig eng gone there’s a 67 gt fastback 4sp listed for 55k you by this with today’s labor rate parts material misc interior you be in it all it’s worth most barn finds owners want to much for a buyer doesn’t leave much budget to work with I see this a lot in these barn finds
Like Yblocker I too am a Ford guy. If the hi performance 390 is no longer there, then we simply have a rust bucket sitting in Milwaukee. Not worth the high end restoration. Pic of back seat tells me all I need to know about this Stang. Way to many ?’s about this one.
Interested in seeing it in person, I live in Milwaukee.
I have family in Milwaukee and tried contacting seller on eBay to schedule in person inspection but he never answered.
Reduce the pocketbook pain by one complete with no rust.
4000.00 Max. Not a penny more. Even in my own commercial shop the cost would be prohibitive.
4000.00 max. Not a penny more.
I recently scored a AMX x code 4 speed in near perfect condition for the price of that pos much cooler looking car anyone who buys that stang would have to have rocks in their skull.
I sense the day of stupid pricing for projects is coming to an end in the near future, thank God if it does. Maybe the odd guy who has been forced out of the market with the hope of a having another classic car in their retirement may become a reality again to buy something to restore. I sure hope so!
I am afraid that if/when the market crashes, the aftermarket support will too and you won’t be able to find parts to restore your dream car(s). Everything that everyone tries to sell anymore must be made of gold, as even the chinese junk is commanding top dollar.
Maybe. But first, we have to “Make America Great Again” Or should I say “Affordable Again”. Actually, neither one’s gonna happen