[Ronald G. Stephenson]

It certainly looks like it in this instance. I recently looked up restoration costs on one of my E-type Jaguars, and it seems they want a $30,000 car to start with, and $120K to $150K to make a 100 point show winner. All for a car that sold for $5,000 new. The serious buyer will look for the restored car at a bargain price. As so often happens, the owners cannot stop themselves and the costs just soar. I saw a beautiful example go over the auction block for $69,000 that had to have cost over $100,000 to bring it to that point. It was an E-type. I'll wager it was a better car than the new one I bought in 1962. A pretty package with lots of flaws.