Gary Lewis wrote
$32K??? Wow! Hard to believe.
Why put that much work and money into it and then sell it?
Answer: Profit.
After all, it's not overpriced if you can find a sucker to buy it.
Gotta love "capitalism" at it's finest...
On a less sarcastic and more realistic note, it may have been an estate, bankruptcy, or divorce related vehicle that the selling company obtained to flip (or is selling as a consignment)... Sometimes things are sold without the previous owner's blessing, sadly.
1984 F150: 300 L6, AOD, RWD. EEC IV / TFI, Feedback Carter YFA Carb. Stock everything but radio (for now).