Jim, I stopped and had a closer look at that car. It was missing the doors, top well cover and trunk lid, as well as small odds and ends. The car was otherwise in good condition...albeit very dirty from long term storage in an auto body shop...and supposedly ran. It has a Henry J six in it and from the looks of things, had been transplanted long ago.
The seller had a $28K reserve on it and when he and I spoke, he realized that the reserve was a bit high. I know what he paid for the car and told him that if someone waved $20K in front of him in cash, he should take it. My guess is that he still owns the car as he had several other very nice older cars in the same building, so I'm thinking that money wasn't an issue.
I also looked at a car that had the remains of a V8 in it...I think it was one of the fabled Dutch Darrin swaps. It was much rougher having suffered thru long term storage in a dirt floored shed. Everything steel under the car was very rusty so a restoration wouldn't be for the faint of heart. The seller paid $300, in addition to some labor, for it about 10 years ago. I offered him substantially more for the car but he decided to keep it for his daughter (who was 3 when he and I last spoke). I just learned that it did sell for more than my offer. I wish the new owner lots of luck. I know the WD40 and PB Blaster folks will see their stock rising!