Some people are happy with what is called patina these days, others prefer a car that looks like new or better. I fall mainly in the second camp, and have found it's not that hard to maintain a car with a real nice paint job - you just have to be a little more careful about where you park and how you wash and wax the thing.
If you determine that's the going price for what you want, and you have the funds, go for it. There was a recent discussion about spending more on a car than what it's worth if you were to sell it, and many people responded saying how they spent the money for their enjoyment and not for investment purposes. There's nothing wrong with that, if it's your choice. After all, people spend all kinds of money on other hobbies (golf, skiing, going on cruises, etc.) and they have nothing to show for it at the end; with a car, you will still have something you can enjoy for years to come.
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