Help me out, guys. I almost bid on that lot 407 '87 GN. Ignoring the risk factor of never having seen the car, what should the car have been worth?
Realistically, they made 20,000 '87 GN's which isn't "rare" by any stretch of the imagination. A huge percentage of '87's were bought by "collectors" who stored them and never drove them. The "no mile cars" suppressed the price of the Low mile cars for 20+ years.
My car was an '86 so it had electronic climate control, concert sound II and had a dealer stick of over $21.5K new in '86. It also had new painted bumper fillers (the originals CANNOT last 30 years), a new Fuel Pump (the originals cannot last 15 Years) and high pressure fuel lines (ditto) and other updates (2.5" dual Ultraflow exhaust, stainless downpipe/ported elbow, highflow cat/test pipe... basically a mid/low 12 second sleeper setup with tires a chip and race gas). I paid $12K for a 24K mile car in 2005 put on a set of 7K mile eagle GT takeoffs and sold it 2 years ago for $22K. Add $5K for Good Guys hype and its $27K, Max, unless multiple drunk bidders and B-J hype is involved.
If you bought 407 you are going to need a driver set of wheels/tires ($1500), and maybe a fuel pump, but it looks like it got new fillers in the past.
Starting at $27K, now your are down to $25.5K and are buying a mid 14 second car.
If its your first GN, DON'T by a T-top car. That is rooky mistake. You won't regret buying a hardtop.