Heroshot

1976 Toyota Land Cruiser

RM Sotheby's Arizona 2022
Thursday, 27 January
$95,200
Sale Price
$75,000 - $100,000
Est. Range
27 January 2022
Sold Date
116
Lot Number
#2
Recent restoration
RM Sotheby's
Auction House
Chassis no. FJ40903339. Olive green with white roof over black vinyl. 4230-cc, 125-hp inline-six. Aftermarket air conditioning, aftermarket sound system, BF Goodrich Radial T/A tires, Old Man Emu suspension.

Evaluation: Venezuelan delivery. Restored from 2017 to 2019 by SGM Custom Vintage Trucks. The paint and bodywork are in very good condition, and the body hardware and trim are all excellent. The engine compartment is extremely clean. The interior has little wear since restoration. Restored recently to high standards, noticeably higher than the many South American FJs that make their way up here and only get a superficial redo.

Bottom Line: After the FJ craziness of the mid-2010s that repeatedly saw over-restored Land Cruisers hitting six figures, things settled down, and collectors turned their attention to other vintage trucks (early Broncos come to mind). Strong but rational FJ40 prices became the norm, and the last time we saw this one was when it was fresh from restoration at Bonhams’ Scottsdale auction in 2020. It sold for $45,920, a perfectly sensible number at the time. Doubling in price in two years, however, seems less sensible. Are we about to enter another era of $100,000 Land Cruisers? Maybe.

by Andrew Newton
5 February 2022
Hagerty
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.