VAN HALEN Bassist's Custom Pick-Up Truck For Sale On EBAY

CNN Money has issued the following report:

A customized 2004 Ford F-150 owned by VAN HALEN bassist Michael Anthony is being offered for sale on eBay and you can "Buy it now" for $150,000.

Bidding for the truck is currently approaching $50,000.

The Lightning Style Show Car Cobra is a custom-made pick-up built by Bonspeed, a design and engineering group that specializes in performance wheels.

It boasts a supercharged 8-cylinder engine, six-speed transmission and four-wheel independent suspension. The custom-designed interior, which includes hand-stitched leather seats, cost $30,000 on its own, said Brad Fanshaw, president of Bonspeed.

"This is a sports car with a pick-up truck body. This is a truck built to be driven," he said.

In that case, there is plenty left to do. The truck has just 300 miles on its odometer, according to the eBay listing.

Bonspeed listed the pick-up on eBay Tuesday with a starting bid of $35,000. The most recent bid, $46,899, has not yet met the reserve price.

On eBay, a reserve price is the minimum price a seller is willing to accept for the item and does not have to be publicly disclosed. If the reserve price is not met, the seller is not obligated to sell the item.

Fanshaw said it would cost close to $300,000 to replicate the hand-built vehicle. He hopes the final bid price will come close to the "Buy it now" tag of $150,000.

In an earlier auction, bids for the Lightning truck exceeded $100,000, Fanshaw said. However, that auction was canceled after a bidder clicked on the "Buy it now" button by mistake.

A new 2005 Ford F-150 has a manufacturer's suggested retail price of about $30,000 to $37,000, depending on the model and options.

As part of the bonspeed truck auction, the buyer will receive a bass guitar autographed by Anthony, who is part-owner of bonspeed.

A guitar that Anthony contributed to a charity auction in 2003 fetched more than $10,000, according to Fanshaw.

Orange County, Calif.-based bonspeed created the Lightning truck as a promotion vehicle for Ford Motor Co., which displayed the vehicle at its booth at the 2003 Specialty Equipment Market Association trade show. Bonspeed has also completed design projects for Jaguar and General Motors Co.

The auction ends on May 17 at 5:30 p.m. Pacific time.