but don't find the most overpriced gunbroker auction and post it as though it means anything other than how overinflated the seller feels the value of his item is. In fact in all of GB "bolt actions" using the search term Spanish there isn't a single item with bids
In all fairness, if you look at completed auctions over the past 90 days you will see several Spanish Mausers, 1893 and 1916, that went for a range (roughly) of $150 to $370. The cited auction is on the high end but is not without precedent. The most common range seems to be $200 to $250.
That said, the Spanish Mauser, especially the 1916, may not be the best rifle to use as an example. Most were arsenal re-chambered from 7x57 to .308 NATO and controversies as to the safety in firing them have abounded. There have also been blatantly false claims that the actions were not heat treated, and those types of claims have hurt values. While it is true that metallurgy in 1893 wasn't what it is today, Spanish Mausers have taken a bad rap that is not totally deserved, except with some exceptions. 7x57 chambered rifles continue to be valued, as is the round.
That all gets to the point of money. While the value of a milsurp can be diminished by modifications, the issue of money goes both ways. Folks do spend quite a bit sporterizing milsurps, and it is questionable if they will ever get it back out of a rifle. The same can also be true with restoring milsurps. For example, a 1916 that I just did cost me $120 with a butchered stock. A "new" military stock ran me $80 and a cleaning rod another $20. All told I probably have $230 in the rifle. If i were to ever sell it, I may only get as little as $150. But, I really don't care as the point of the restoration was not to sell the rifle or make a profit. In fact, to have the rifle I want I am perfectly willing to set myself up to take a loss. The same goes with guys doing sporterizing as they often spend far more than the gun will ever be worth. I really don't think it's about the money. I think that both sides do what they do
despite the money, so the economic arguments ring flat with me as accurate as they are.
BTW, all of those botched Bubba's out there really are gold to me, as someone has said, in that I feel no obligations with my restorations, and that whatever I can do to return the gun to "original" is just icing on the cake.