You were thinking 10-12k to get a basket case on the road??? Umm IF I had paid regular prices, that would be the paint job alone on my Y88. And I needed the following patched:
Floors - front and rear
Driver's quarter replaced
Passenger's quarter re-welded - yahoo shop before thought tacking it on was OK
Rear window channel repair
Dash corner repair
Frame straightened - was in a collision that wasn't disclosed on purchase
Frame mount repaired - see frame straightened
All weatherstripping
And that's not even touching any of the mechanical stuff - engine, tranny, rear axle, suspension - both springs and shocks, etc.
As for resale price....about 2-3 years ago you probably could have gotten 20k for it. Now, guys are having a very hard time getting their money out of a car due to the downturn in the economy. Prices have fallen dramatically.