Agree with Habitz here
You get what you pay for, a proper restoration Like Lukeys costs big $ for proper better than new repairs & beating & decent paint system. Not to mention the big costs of reconditioning and sourcing NOS parts.
As Ginge says you can spend big money and never get anywhere near your outlay for it if you were to sell up. But generally you dont do a full resto for someone else, you do it for your own indulgence. and you certainly would not 'give it away' if you decided to sell it.
My restoration just on the body to date is near 15K and my coupe is only a small car! and I have not got it painted yet! so I will be easily 20K for paint/panel alone. my car will owe me 'ginge' money by the time it is finished.... if not more... its pretty close already (but I have some OCD / mental health issues)
200-300 hours on panel work is not unheard of on a medium sized car; do the maths.... @ $40-60/hr + consumables.... high end solid colour paint system, could be 4-5K in materials & consumables and another 150 hrs for prep, paint & dress work - could easily have spent 25K on a car this size in paint & panel alone.
I dont know what sort of relationship Lukey has with his panel beater/painter, upholsterer, engine builder etc or how much work he does for himself and how much he has to outsource pay others to do. But from one who is slightly in tune with resto costs first hand, I would think this car would owe him in the vicinity of 40K as it sits.
20K would not own it, unless Lukey was desperately in need of some money.....
I would think it would be 30-35K reg/wof (its 95% finished now)
Its show / magazine centrefold quality, and my favourite 510 build on this site for sure, along with Shanes BRE510
Anyway thats my 2c, Its non of my business, but I guess you were asking for opinions, and like arseholes everyone has one
