$22,000 for a car that needs a complete restoration. I think the best investment in classic cars is buy these complete non-runners, sock them away for a decade or two, and then sell them when the market pops up a little.
I haven't considered a Zagato, but 22k for a complete and restorable example is probably a good deal. These will probably always be worth more than a plain 2600, and 15 - 20k for a complete and restorable Spider is a typical price. I'm still in recovery from my 102 restoration, but the Zagato would have made a better return on investment for a similar cost.
This is the 3rd time I have seen this particular car for sale. The auctions always stall in the low to mid $20K range. I think a mid-$20k's price is suitable for this project. The seller is a broker so who knows how high a reserve he set. Beautiful cars when restored.
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