Equipment
Spotlight, steel wheels, blackwall tires, trafficators. Replacement engine. Decent older repaint, reupholstered front seats, good original rear seat upholstery. A sound old car that has been consistently maintained without ever getting a full restoration.
Market commentary
This much money will buy any number of interesting Mercedes Benzes, including several with tops that go down. The result here is expensive by any standard, even at the bottom of RMs estimate range.