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Similar situation.
Took an 1972 MGB GT to a local specialist and together we were unable to find where the supposed 5 figure restoration from a few years ago was....the costs to bring the car back to good condition will outweigh the cost of a car in tip-top condition. BUT, and it is a big but, we were left the car by my brother following his sad demise from cancer last year, so the emotional content here is far greater than the fiscal outlay.
Had it not been my dear brother's car then I doubt I would be having the car restored, but Joe never got to enjoy his car, and my wife really enjoys driving it, so Jo-Jo will return to the road - and hang the expense.
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