Aeroman and MarkH
You are correct. Rick, no need to bash. I think Carpenter has a great car and it sounds like he will pick up the restoration now. It si interesting that a couple of 54 drivetrains have showed up lately for sale so he can complete his restoration.
The idea that we restore cars to make a profit is not in my wheelhouse. Especially on specifc marque websites like this one. If I had a KF and decided to sell it, I would probably sell at a loss to me. There is a sliding scale. If I owned the car for 5 years of enjoyment, then my price would be reduced by that ownership experience.
The closest I got to that was my 1949 Virginian. Had to part it out due to rough condition. Got most of the rare parts out and "sold" them to KF guys. My total offset meant I lost only about $500 on the whole deal and put some rare parts in the hands of the community.
I have seen quite a few nice KF cars offered for less then $2000. When I 1st became interested in adding an early Frazer, Jim L pointed me in the direction of one, in Michigan for about $1400 that had only 50,000 original miles.
When Carpenter decides to sell, I hope he can get his money back out, but I also think he might consider the idea that his ownership and enjoyment when it is running is worth something and adjust the price accordingly.