Not only is $17,000 amazingly close to the original 250 GTO's $18,000 MSRP, but it also continues the numerical sequence of expensive, LSX-swapped 280zs we've featured lately: One for $15,000, and one for $16,000. Now that we've brought it up, an LS1 swap is your best bet for meeting or exceeding the GTO's 300 horsepower figure. Drop the decals and badges (yes, even the cutesy GTO badge from the American GTO), fix the previously mentioned aesthetic grievances, and this becomes a great performer with vintage racecar looks to match. If it was $7,000. At $17,000, it's just an expensive looker... arguably without the looks. Still, it's cheaper by a few decimal places than the real thing. For a hopeless Ferrariphile, that's enough.
PhiLOL actually likes the tuna here, but abhors structural rust. Save the manuals.