EWheeler
GOLD Star
I think you're low. For an all original 100% rust free and un-molested 40, I think he could get way more than $25k with some patience and the right marketing. I'm probably one of few, but I value original paint with some blemishes way more than some shiny new paint job, irrespective of how good the restoration was.@Living in the Past - To attempt to answer your question, I'd guess $25K +/- on an auction site (not eBay).
Watch BaT daily for a few weeks and see how FJ40s are selling, and research some of the 'sold' listings. FJ40s that sold for 35K last year are selling for 25K this year - a clear softening of the market (at least on BaT).