Geez, that thing has some serious (and no doubt expensive) issues with which the new owner will have to deal. Yuk. mike
Two words "rust bucket" I agree with Mike on this one, it would cost a fortune to restore and looking at the side panels probably a whole new roof to boot.
More work than I would want to tackle, but I guess the rarity is driving the price. I didn't see a single piece of metal that would not have to be repaired or replaced. When looking at the first picture, I thought leave the beautification part alone, just get it road-worthy, new wheels and tires and have fun, but that wagon needs much work just to make it drivable, let alone pretty.
Yikes, talk about a "project" car. Wow. I think jr is correct; with only 113 of them made, it's the rarity that's driving the price. How in the world would you ever get body panels for it. I suppose you'd have to fabricate them yourself.
Some times you just have to say "parts car". even the inside roof structure is gone at both ends buy the tail gate window. That TV show "counting cars", they had a similar rusted Falcon Ranchero and made poll table. But I don't think that was even worth it
I have one of these I picked up in North Carolina during the 70's for $425.00. Sealed the deal with a swig of moonshine that took my breath away. It is in line for a ground up restoration.