That car is not worth $150,000, no where near that. If he told you that he is full of it. That car needs a lot of work and appears to be missing some stuff which would make me wonder about the car, something smells fishy. Only the best of the best AAR/ T/A's are heading into the 100,000 range. I was there for the 8 mile T/A at the Mecum auction that went to 100,000 but that was an oddball. I'd have a professional come out and go over the car, check all the body numbers and such, see if it is legit.
Ryan