That is a bit insane. Now people are going to want rebuilt prices for rotted out crap... not that some didn't anyways. One was advertised with almost no floor and all the usual holes siezed engine etc for $25k awhile ago.
Also the engine is the wrong colour, it should be grey.
I am not shocked by the final auction Bid price. History has proven many times that there are always at least one crazy bidder at every auction. Just 11 years ago :
Before this 1951 Willys Jeep went on the auction block, we thought it was little more than a curiosity among the more prestigious and rare hardware lining the halls at Barrett-Jackson. Apparently, we were wrong. The little ex-military GP vehicle sold for a staggering $104,500 after all was said and done, and it's certainly a fine example of the genre, with its period-specific detailing and high-quality frame-off restoration. Perhaps it sold so well because of the show that the vehicle put on as it was being driven on stage, with its siren startling those in attendance just a few minutes before its propane and oxygen powered "gun" caused a few hearts to skip a beat.
Note: GP above stands for General Purpose not a WWII Ford GP!
If you look closely at the 283 photos in the M38CDN Auction you will see it was a very excellent restoration.
Some people at auctions do seem unable to contain themselves. I have seen things sell at the auction for twice what you could buy it for brand new. Not even older better made stuff either but cheap chinesium stuff.
They do appear to be quality restorations although final judgement can only be made in person. Not sure how one is supposed to use that .50 though with the radio sets in the way.
There are so many things wrong with that Barrett Jackson vehicle even an amateur like me can find them. Civvy regulator, A1 air filter, in-line fuel filter, non-Cuno oil filter (can’t tell if it’s military or civvy..), no fording cable bracket on the cowl, so no fording valves?, no engine lift bracket, looks like civvy spark plug wires, and rust on the radiator. On a restoration. That’s just the stuff you can see from a couple of photos. No telling what else is wrong.
Must be nice to have that kind of money to throw at something like that.