Steve,
I never ceased to be amazed at that which turns-up in the vintage car world!
Despite having too many unfinished British car projects, some time back and on the way home from a film, my wife agreed to a short detour for me to look at yet another forlorn car. It was an Appia Vignale convertible, an original California car needing full resto but not fatally rusted, engine apart and in the boot, 99% complete. Covered in leaves and guano and on the forecourt of a repair shop, it was clearly unloved and unwanted, and not selling on its classified ad. But Lancias of that era were built to a very high standard and price, and the car intrigued me. I let it sit with the seller who finally realized I was the only crazy prospect with interest, and I bought the car for $1k. As the other posters noted, Appia's are cool cars but only a viable resto project if the car is structurally sound and complete, and if one does most of the work oneself. For most people they're just too much work, and when done they're too slow to please.
Mine has been in storage since I bought it, waiting until I finish restoring my British fleet. In the meantime, I keep any eye open for any old parts that turn-up, as a car without parts is relatively useless! If you have any info on the basket case for sale in your area, please let me know, as if the car is bad enough and the seller eventually realizes it, that basket case might help put my better car back on the road one day!
Cheers,
Greg