[gustafson]

Raw or restored?

For a restorer, it will cost an arm and a leg to restore it, so your starting outlay needs to be below 10K. Of course you can buy a fully restored slant, tudor, coupe etc. for about 15K or less. This is not an expensive line of cars, with the exception of but a few models. Anyone who can afford a fully restored one is gonna have enough cash to get into a higher end marque of cars. Model As were built for the masses, just like the T

For a buyer of a restored 2-dr phaeton, there will be none, because it will be too expensive

The true value of any car, or anything else for that matter, is simply what someone is willing to pay

sorry to burst your bubble