1988 Toyota Land Cruiser

FJ62 Utility
Scottsdale in March - Barrett-Jackson Scottsdale 2021
Saturday, 20 March - Saturday, 27 March
$77,000
Sale Price
No
Reserve
27 March 2021
Sold Date
845
Lot Number
#2+
Recent restoration
Barrett-Jackson
Auction House
Chassis #JT3FJ62G7J0095487, royal blue over gray cloth, 3955/155hp, automatic, All Terrain T/A tires.

Evaluation: Mechanically overhauled recently to the tune of $20,000 and repainted in its original color, not the kind of lavish treatment we usually associate with old Japanese trucks. The interior is original but was thoroughly cleaned to a nearly like-new appearance. Excellent paint finish and panel fit. It has to be one of the freshest-looking FJ62s in the country.

Bottom Line: And at this price it better be. It’s nearly a third higher than our current condition #1 (concours, or best-in-the-world) value.

The 1967-80 FJ55 “Iron Pig” was the first truly modern Land Cruiser wagon, but the FJ60 that came out for 1981 was a more livable, more conventionally styled, and more popular replacement. Then, the FJ62 that debuted for 1988 came with an automatic transmission and fuel injection for its 4.0-liter 3F straight-six, both Land Cruiser firsts. These Cruisers have a lot going for them. They’re boxy, but in a good way. They come standard famous Toyota reliability and build quality (as opposed to, say, a Grand Wagoneer). They’re classic enough to be cool but modern enough to use every day. Given the generally high interest in vintage trucks and SUVs these days and the FJ60/62’s popularity with younger buyers (77 percent of buyer interest comes from Gen Xers or Millennials, according to our insurance data), it’s no wonder that they’ve become superheated, more than doubling in value over the past five years. They’re now worth enough to put serious money into refurbishing and restoring, as someone did with this FJ62.

This price is ahead of the curve, but we also live in a world with six-figure Broncos and Wagoneers. Remember, too, that FJ40 Land Cruisers touched 100 grand for a time in the mid-2010s. It seems that FJ60/62s have room to grow yet.

by Andrew Newton
2 April 2021

Comments

  • Scott McPherson says:

    As the former owner, I can say the assessment was accurate in this auction recap. This silver lining in this and similar vehicle sales results is the younger age demographic that vehicles such as this attract. This is vital and good for the health of the collector car hobby. Next to me on stage were two brothers that participated in the bidding and they were in their late 30’s. The winning bidder was an internet buyer which again most likely speaks to a younger demographic. Ealrier that day I sold a Hummer H3T and the buyer was younger than the median age of a muscle car auction crowd. Last year I sold a Jeep Grand Wagoneer and a Bronco at Barrett, the buyers were both younger than 50. These cars are approachable and relatable to regular folks and I for one am glad to see the participation.

  • Dave Allen says:

    The last few years this consigners entries seem to have set world records and deservedly so.

  • chrlsful says:

    these “went up” B4 the bronco auctions round here (frankly since a lill boy I’ve not been a fan of auctions) as we saw them locally. They were less rare than the bronks too, but a bit more upscale, larger and ‘exclusive’ compared to the few ’66/’77s around. The house w/a horse barn might have the FJ while the guy sold you your fire wood might havea bronk. The hi priced bronks @ auction have no ford bronco left – just the outlines. My joy is seeing them reach ‘classic status’ and price rise on the unmodified, ownership lengthen, and a whole auto division (spun off like ‘divisions’ of ol) be created.

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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.