How bout no...
this is the redbook value:
1997 MITSUBISHI MAGNA
TE Altera Wagon 4dr Auto 4sp 3.0i
Prices based on km 150,000 - 250,000
Trade in price guide* $2,000 - $3,300
National average price - private sale* $3,900 - $5,300
Price when new (RRP) $38,470
all prices quoted are GST inclusive
so as you can see its well below the lowest sale price at $3500