Prices for Pagodas on the way up - or just holding steady?

[Bonnyboy]

Got my Sports and Exotic magazine in the mail last night - in the RM Auctions at Montery section there is a listing for a Pagoda that sold recently.

Silver 1968 280sl - 2+ condition - restored.  This roadster was given a no-expenses-spared restoration by Siegfried Linke and remained in excellent condition with signs of having been driven.     Equipped with both tops and rare limited slip differential and four-speed manual transmission.  Sold new in Switzerland.

Sold - $101,750.   Average selling price - $75,000

Good price but what did a restoration like that cost - $120,000,  125,000??? 

[Flyair]

I would tend to agree that a solid renovation can be hardly recovered from sale price. In other words, I still distinguish a restoration one for the ultimate owner from a restoration that is intended "for sale" for un undefined buyer.