1959 Mercedes-Benz 300D

• cream paint is glossy and straight in the studio shots, no paintwork money needed
• the acres of chrome — grille, bumpers, trim — are bright and pit-free, no rechrome bill on a car where that bill is huge
• black soft top sits taut up and folds down cleanly, no new top to buy
• red leather shows light honest creasing but no tears or splits, no retrim needed — just feed the leather
• dash wood is deep and glossy with only fine age crazing on the glovebox door, no wood refinishing bill
• engine bay is tidy and complete, though a few hoses and low fittings show their age — budget a light mechanical refresh, not a rebuild
• the original tool roll is still with the car, stained but complete — that's real money you don't have to hunt down
• the underside is never shown, so the floors and frame can't be judged from these photos

Money: at $189,500 the expensive things on a 300D Cabriolet — paint, chrome, top, leather, wood — all photograph done, so the price is really about the unseen underside and a light mechanical refresh.