Some project candidates generate enormous interest when they hit the market. Potential buyers look beyond the car’s many flaws and develop a clear vision of what can be achieved if they throw enough effort and cash into the build. Such is the case with this 1967 Ford Mustang GT. The winning bidder faces a veritable Mount Everest to scale to recapture the GT’s former glory, but the listing statistics confirm that people are willing to give it a red-hot go. I must say a big thank you to Barn Finder Mitchell G. for spotting the Mustang listed here on eBay in Doylestown, Pennsylvania. Bidding currently sits below the reserve at $24,100.

Ford marginally increased most of the Mustang’s dimensions in 1967 as its first refresh, although we’re only talking about a few inches here and there. The aim of the exercise was less about the car’s cosmetics and more about increasing engine bay space to accommodate engines larger than the range-topping 289ci V8. This GT Fastback rolled off the line that year, and its tired Clearwater Aqua paint is the least of its problems. The limited images reveal significant rust problems in the lower exterior extremities, in the floors, and in the trunk pan. However, there is also penetrating rust in the driver’s side A-Pillar. This is concerning because we’re now dealing with structural issues, and rectifying them to a high standard is crucial for occupant safety. The last thing anyone wants is to find themselves shiny-side down, and substandard repairs placing lives at risk. Therefore, stripping the car entirely and adopting a rotisserie approach is the only way to ensure this classic isn’t a future time bomb. Some trim pieces require restoration or replacement, but the glass appears to be in good condition.

I believe one of the key reasons this Mustang has generated so much interest hides below the surface. The seller indicates it is numbers-matching, and its mechanical specifications would have made it a special car in 1967. The first owner equipped it with the S-Code 390ci V8, a motor producing 320hp and 427 ft/lbs of torque. Add a four-speed manual transmission into the mix, and this would have been a genuinely fast car in its prime. That was a long time ago, and it is unclear when this GT last fired a shot in anger. The seller doesn’t indicate whether the engine turns freely, but factoring a complete mechanical rebuild into the restoration budget would be wise. After all, it is better to have the money and not need it than to need it and not have it.

This interior shot reveals the A-pillar problems previously mentioned and the gaping hole where the passenger-side floor pan should be. It also suggests that the interior is seemingly complete, and that some of the Black vinyl surfaces are potentially salvageable. I’m unwilling to bet the farm on that, but it looks promising. Of course, given the cost this build could incur, the expense of a complete retrim to achieve flawless presentation probably wouldn’t phase many potential buyers. Interestingly, this Mustang retains its factory AM radio/8-track player, adding to this car’s appeal.

It would be easy to dismiss this 1967 Mustang GT as a lost cause, given its significant problems. Some of the rust appears to be structural, meaning a nut-and-bolt approach is the only option for the new owner. However, with Listing View, Watch List, and bid tallies of 623, 162, and 46, respectively, it seems that there are plenty of enthusiasts who wish to stake their claim on this classic. It hasn’t hit the reserve yet, but how high do you think bidding will climb in this auction’s final hours? More importantly, do you feel that figure will surpass the reserve?