[mrerick]

You can "make" a restored 1927 Cadillac Phaeton today if you have the parts and expertise.

You can never again "make" an excellent (100%) condition Luger in original finish, all matching, from the original manufacturer.

By definition, there can only be a limited number of the originals forever more. That limited number is probably in the hundred(s) of thousands, with a few thousand in top condition.

I doubt you could find many 1927 Cadillac Phaetons in original top condition. Those cars would probably be worth a lot more than restored ones if they existed...

So, it's desirability, and the limited number of existing originals that determines the market price.

Your value may vary... I have had a Simson Luger restored back from the improperly refinished condition I bought it in. It made me happy to see it back in it's original Rust Blue and Straw...