That's a nice one -- looks very restorable!
The laws of supply and demand seem to be functioning quite well at the moment. Price is high, and sure enough, they are coming out of the woodwork.
I wonder how many serious collectors there really are, however, who are willing to pay so much for one of these?
I paid $175 for mine less than two years ago. I think the seller wanted $225, and I bargained him down. Shame on me!