69 Trans Am Convertible at Mecum, VALUE?

[StealthBird]

There's been a lot discussion about this car on the Pontiac sites. Just a note: all the convertible 69 Trans Am's were Ram Air cars, no RAIV ragtop T/A's were built. The last convertible Trans Am sold for over $1 million, which is why this make/model appeared in Colin Comer's "Million Dollar Muscle" book. This particular Trans Am going through Mecum was appraised at over $1 million at a show last summer (which Dana Mecum also attended), but in this economy, I'm not sure it's a good time to sell. I would be surprised if it sold for more than $500K, but you never know. These cars appear so infrequently, it may bid to over $1 million.