TD,
Here's a link to Randy Rarick's 2007 Hawaiian Surfboard Auction. The results are posted.
www.hawaiiansurfauction.c...esults.htm
One thing to remember is that these prices are what the boards brought at a charity auction, so they are inflated, sometimes drastically. Additionally, all Randy's boards are reconditioned or detailed professionally.
Wish your friend good luck. Personally, I'd clean it up, make it watertight and surf it.
Donho