But you know, it's about emotion. If you like the lines of your Pagoda, if you've owned it for a while, if, like you, you have spent blood, sweat and tears over it we sometimes do financially unsound things with our cars just because it feels good.
If you want to do the safe thing, buy a $2M Ferrari. Drive that at full speed into the back of a bus, and you'll never total it. Even if you've done $200K worth of damage to it, it's only 10% of the price of the car. Someone will probably offer you $1.8M to take the wreck off your hands.
Now do that to a Pagoda.... you'll total it and since the total restore cost will be going up to $100K also, if you do it properly, it is not a viable proposition anymore.
So, if money were no object, and we were all "homo calculus", all of us should buy Ferrari 250 GTO's and no one would buy Pagoda's.
Luckily, there are people who preserve Pagoda's. And sometimes it's worth it for someone to spend a little more than economically sound to get theirs in good shape.
In Europe you'll not be able to buy a Pagoda under €20,000. Average Pagodas probably fetch € 30,000 and the top examples by Mercedes-Benz classic center, Kienle or Mechatronik will set you back between € 100,000 - € 140,000. In the US, if the crisis had not been so strong and the housing market had not been affected so badly, you'd see prices creeping up as well... that's what was happening last year too. So I think that ultimately prices will go up in the US too.... and how often don't we read here that someone says I now have to pay $ x for a part, when 4 years ago I could have had it for $ 1/2 x?
That effect alone will drive up prices of good examples. So let your emotion decide, and then check the size of the wallet!
Peter