Here's the way it is............
Asking $15K might seem low to some, might seem reasonable to some, might seem too darn high to some...It's all a matter of opinion.
The seller is no stranger to E Bodies, I'm sure he knows that if he wants to sell it tomorrow, he could, just drop the price $10K and it would be gone....I also think he probably knows that it's a rare car and should command a higher price.
He may find an uneducated buyer that is unaware of the cost of restoration and is willing to pay his asking price just knowing it's a "cool" car...
There are two types of buyers for projects like these.
1st are the younger crowd that want a cool car like a Cuda to fix up and drive the wheels off of and like I said before, have no idea what they're getting into.
2nd are buyers like me that want to restore cool rare cars like these and try to sell for profit or stash away in private collection.
Problem is:
Buyer number 1 doesn't have any money, and certainly not $15K to spend on something he can't certify and drive right away...
Buyer number two is smart, done his homework, knows that if he spends $15K for an entry price on a non-matching number 383 car, he'll be so far upside down, he'll never see the sun again...
The sad truth about projects like these is that they will never get restored, in most cases the current owners have little or nothing invested, but knowing these cars can be worth "big bucks" they hold out for big bucks now while it's still a project. They themselves would likely be the only ones that could restore them and come out on top, but if they don't have the funds, they become one of those "I'm going to fix it someday" guys and the cars sit , and sit, and rot......You know the ending.
Perfect example is this V code Six Pack Charger currently on EBay for the tenth time
http://cgi.ebay.com/ebaymotors/BARN-FIND-V-code-71-440-Six-Pack-Charger-R-T-1-98-w-Flite-SUNROOF-INCLUDED-/181215997726?pt=US_Cars_Trucks&hash=item2a3150af1e The owner has had it since the mid-70's , the car has cost him practically nothing.
I would love a shot at restoring the car, but his $40K buy it now price is ABSURD
The car would take another $60K to restore but only worth $70K done....
Now if his "buy it now" was $10K....the car would be sold, He'd be $10K richer, and I would be half finished the restoration the car desreves by now
but as it is...it will never sell.