I can't believe I'm saying this, but that almost seems reasonable, considering what people want for completely rusted out junk. I'd rather buy one (an old car) that didn't need to be restored. Screw "built, not bought".
I won't live long enough to build one, I'd prefer to enjoy the fruits of someone else's labour. Their loss (of money) is better than mine. That's a nice car, would look good on my driveway.