Is this Citroën SM worth it?

This 1973 Citroën SM is being offered for sale at Rétromobile in Paris on January 28.

Offered without reserve, RM | Sotheby’s estimates that this 5-speed carburetted version, VIN 00SB4378, will command between €90,000 – €140,000.

The listing states:

^{Under Dutch ownership, the SM is documented to have been restored by two workshops based in the Netherlands, with work starting in 2000 and concluding in 2011. Maserati specialist Garage Helfferich rebuilt the engine and Blikwerk Garage, known for its meticulous restorations of DS and Chapron-built Citroëns, stripped the interior and refinished the exterior in its current gold hue. An extensive grouping of restoration invoices accompany the car and add up to just under €175,000.}

Regardless of the amount spent, is this SM really worth top dollar? Given that all the mechanicals/hydraulics are properly sorted and the paint appears nice, the photos in the listing clearly show a number of things that indicate this is not a concours SM;

The steering wheel has been leather wrapped. That usually indicates covering up damage to the original black, slightly padded texture, steering wheel.

The seats have been recovered in a leather that is not the same quality as original. You can also see that the foam padding underneath is making the seat sections more rounded than original.

The driver’s door arm wrest has been wrapped (and overly padded) and is missing the stitching at the rear as can be seen on the passenger’s door arm wrest.

At this price the radio should be a proper flush-mounted Continental Edison unit or at the very least a flush-mounted Autovox or Blaupunkt of the era found on SMs, and not an extruded Phillips model.

Notice the crack in panel containing the temperature, fuel and oil pressure gauges, to the right where a securing screw has been over-tightened.

The staining in the carpeting is an oversight. It should have been cleaned. As it is, it causes one to think that there may have been a major leak on the bake pedal housing.

The door handle chrome is pitted.

Minor issue, but why would they have not taken the time to ensure the black paint is unmarred in the Citroën SM plaque on the C pillar.

On a premium priced SM, you don’t expect to see the silver portion in the tail light sections flaking away.

All things considered, this SM should typically sell for less than half the estimate value in the listing. It will be interesting to see if the buyer is aware of these considerations.