Took a look thru the completed auctions over on Gunbroker for Savage 32s- $200 seems to be in the ballpark.
Most of those were blued. Those are not Uber collectable firearms, but were well made small autos. Go ahead, find a decent smith, get it reblued IF you are planning to keep it. 32 ACP is not real cheap ammo, but you can make a great target load using a single pellet of size 0 buckshot.
BTW, that is about 100 years old, and a nice bit of history you have there. Congratulations.
What we have here is... failure- to communicate.