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Need some insight on how to put a value on a potential project car...

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I have a line on a 57 Chieftain Sedan. It is mostly there. No engine, no tranny. I have a 400 block that I will be building to go in it. My main question is this- how do I come to a value on this car. It will be sold at an auction and I intend to bid on it. I just don't want to end up paying too much. Can anyone give me some insight on how to put a value on a car like this?

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I'm no expert but current market shows anything in FAIR condition around 10K max, IMO this one well under half that.                                                                                                                  If it's something you've always wanted that changes how you may price it. Me, I would cap it at 2000$/2500$

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