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Vintage bass refinished : winner or loser

I got out of dealing guitars in the late 80's when the Japanese would pay MUCH more than the US for vintage gear.
I had no good way to ship and didn't want to support shipping US vintage pieces overseas.
France used to pay stupid money for US cowboy style 6-shooters and lever action rifles. My French guitar dealer buddy made a fortune selling these (in addition to custom color Fenders).
 
I like seeing a bad refinish on a vintage Fender because it puts it within my grasp. I've gotten a '76 J, '77 Musicmaster, '78 P and an '81 G&L L-2000 this way.
If I could try that listing out in person and the wood had sufficient resonance & setup-ability, I would gladly pay $1000CDN.
A good original pickup would of course be nice to see, but the aftermarket hack is more than sufficiently reflected in the price IMHO. (Not a big deal at all to swap in a good newer pickup, if necessary.)
Deal killers for me would be evidence of a broken or stripped truss rod, or if I suspected the body or neck were counterfeit. (Especially the neck.)
 
This 70s Precision bass is on sale for less than 1000CAD but the owner seem to ignore everything about the bass except it was refinished.
Do you think it is true? If it is true, it is a winner or a loser in terms of value?
Sometimes these oddball/misfit instruments can be really great. But the only way to know this is to play it in person. Like, if the truss rod works fine, and all the notes on the neck are nice and even, why not buy it? Pickups can very easily be replaced if the tone is off. A re-finish is very easily done as well.
 
That was my thought. But I just don't get "relic" as a desired look. If you have a bass that's been with you for a long time and it has nicks/dents/scratches/wear and tear marks that legitimately happened over years of use and you are happy, great. But to take a bass and fake that wear and tear is something I just don't get.

I like them shiny and looking sharp. But my color schemes are very subjective.
You absolutely don’t have to “get it”. In a free market, you have the choice to purchase an electric bass in any finish you want!! It’s great!!