All this hyperbole about what a restored LBC is or is not worth is really irrelevant. Very few professional restorers will take an as-is example of a collectable car and do a true concours restoration on it with the distinct purpose of reselling it at a profit. They are almost always done for a specific client. True, some LBC's are climbing in value to the point that sinking a fortune into it with the anticipation of selling it for a fortune+ is a valid business decision. Cases in point: early XKEs, some big Healeys, etc. There are always some dot-com zillionaires out there who want the best and are willing to pay for it. That said, a guy that sinks 20-30K into an LBC, not counting his labor, knows in his heart that he will never get his asking price. Usually he is like the rest of us and does this as a labor of love. I for one have 30+ thou in my TR6 (please don't tell my wife!) but it has kept me out of the bars and really is my only hobby. I don't fish, golf, hunt or chase women (anymore, on all three accounts). It has been my sanity. It's not for sale and never will be. (Unless one of you has $29,999.00 you want to part with). Point is, we all agree that MOST commercial sellers on Ebay are shysters.
MOST private sellers want the max and most buyers want to pay the minimum. It's a matter of economics. It all boils down to, when in the market, ask a knowledgeable friend for help. Never succumb to pressure from the seller (there are plenty of LBCs out there) and do your homework. I have seen plenty of guys on this forum that bought cars that they were convinced were the deal-of-a-lifetime, only to find that these little boogers will eat you up when you really get into them. If I were a rich man, I personally would give the gent at the top of the forum his money in a heartbeat, knowing what I know now. Just me.
Bill