Maybe I'm missing something, but I don't see the big deal in charging $200K + metal work for a restoration. It would be less if he wasn't getting any business...
I've met the guy a few times in passing and he seemed like a decently happy guy. Maybe this is a more accurate portrayal of his personality:
Jay Leno's Garage - 1963 Porsche 356 Carrera 2 | Porsche