When a Mustang that is in need of full restoration appears for sale on eBay, nothing seems to excite potential buyers more than the words “No Reserve.” This ’66 Fastback is listed in just such an auction, and 13 people have already bid on the car. There is some work to do on it, but it certainly doesn’t appear to be the worst Mustang project that I’ve seen. The Mustang is located in Dubuque, Iowa, and is listed for sale here on eBay.

The photos that the owner provides with this listing are pretty ordinary, but we can learn a little bit about the car. The owner says that the rails are pretty good, but the floors are rusty. Replacing floors in a Mustang is a pretty straightforward and common job. I’d really like to get a look under the car to see just how extensive the rust actually is. It looks like rust in the body is pretty minimal, with a small spot in the bottom corner of the door, and a bit in the rocker, both on the passenger side. However, with no photos of the driver’s side, that’s all we know. I suspect that the car has had a hit of some sort in the past. When you look at the photo of the engine bay, the radiator support and the inner fender on the driver’s side look like they both might have sustained some damage at some point. The glass that is present looks good, although the glass in both doors is missing.

The Mustang is a numbers-matching car, with the original 289ci V8 and 4-speed transmission still in place. The owner says that the car rolls and steers, but beyond that, it really is a case of your guess being as good as mine. However, I’m wondering whether the car has either been running recently, or whether someone has attempted to revive it. The engine appearance is about what you might expect from a car of this age, with a coating of typical surface corrosion on metal brackets etc. However, the radiator cap and top hose both look relatively new, there is no obvious corrosion on the hose clamp, and the vacuum advance can also looks to be relatively new. So, who knows?

The interior is virtually complete, although the door trims are both missing. There’s really not a lot that you can see in the photo, but I can see that the rear trims have been cut to fit speakers at some point. The car will need new covers on the seats, new rear trims, the carpet will need to be replaced, and I think that there may be a crack in the dash pad. The owner says that the fold-down and trap door are both in great shape.

This Mustang is a great unknown, as the photos that the owner provides are not great, and the description is short of important details. On the face of it, the Mustang looks reasonable, but there is a question mark hanging over the amount of rust present, whether there is any accident damage and the condition of the engine. Plenty of people seem to see the potential that may be there, as bidding has already pushed the price up to $6,101. With four days to run on the auction, who knows how high it is likely to go?