Restored for sure - beauty in the eyes of the beholder.
Looks like this watch did not leave the factory as it looks now, from previous discussions. And I am not thinking of its natural ageing and "weathered" look for sure...
However if one can put up with its chequered history and wants to enjoy a Cal11 Carrera, it does look the part.
Price estimates seem to bake in some far-flung expectations, as if it were the real thing and had never been tampered with. Unless someone does not do their homework, the valuation seems way too optimistic.