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Diamond - if you're mentioning that because I was gifted a Diamond Dreams a few months ago by SpottedSlug - this is not her. I just won this one off eBay.
Oh hey, California is nice and sunny! ;D And yellow ponies sunfade really easily, or so I've heard! She sounds like a good restore project for someone who wants a rare pony on the cheap! As far as rares in general - I'd vote on no customization projects (non-restoration I mean), unless the pony literally has already been stripped, with no hair, no factory paint, etc. If the pony even SLIGHTLY resembles itself, someone's going to want it, I can guarantee it. (The only difference here, IMO, would be if the pony was a variant that looked identical without hair, like reverse Gusty, but even then I bet someone would want the body!) Heck, if someone was selling a Mimic for $10 with no hair and no paint - I'd take her! The only issue you'd run into, I think, is how much the pony is worth to you and how much it's worth to someone else. I've seen posts where people will be like, "if this doesn't sell at the price I want, I'm going to chuck it/take it to Goodwill," and that's their choice, but it's also a little demanding, you know? No, no one's going to pay $75 for a stripped Mimic. They might not even pay $25 or $10! So in that situation, I'd suggest making a trade - someone might have something you want that they don't want anymore, and they can trade for the manky rare-pony you have, and don't want to keep! Ultimately, banged-up ponies are a lot of fun to own and show off, IMO, especially the rare ones. This is a pony I purposefully bought (at an inflated price for a bait no less!) because she is one heck of a crazy pony to look at, and she's a lot of fun to photograph and show off! visitors can't see pics , please register or loginOm nom nom, Starburst are my favorite! visitors can't see pics , please register or login AND, as a final caveat to all of this - your pony, your decision. Your rehairs are lovely, and if you'd prefer to own an alternately-rehaired version of Diamond Dreams, then you should do it! You bought her with your money, she's not community property. But if you are looking to sell her, I would recommend keeping her in her 'original' state (or as close to it), since that will make her worth more money, just based on my own observations. So feel free to take or leave any/all of my advice, ultimately I'm just giving suggestions, because she's your pony! Do what makes you happiest.
There's a lot if collectors out there who will jump at the chance to get a pricey pony with major flaws, to might be the only way they can afford it!