I think the days of old Peavey basses coming for a hundred bucks is over.
Happy Birthday!
I know why...because the finish color is an unusual two-tone red to black sunburst instead of the more common two-tone tobacco sunburst.
It's also way different than the standard yellow/orange/red to black sunburst that the old standby Fenders have.
Peavey also had to use alder or ash because it's not an opaque colored bass, so the body wood is an upgrade from poplar.
And because the hardware and knobs and pickups look brand new.
The only signs of it being used are some marks on the back of the neck.