Signature Autosports is asking $299,950 for a Mercedes 300 SL gullwing replica built on the bones of a 2004 Chrysler Crossfire. That’s not a typo. Three hundred grand for a car that almost certainly makes 215 horsepower from a 3.2-liter V6 mated to a five-speed automatic.

For context, a brand-new Mercedes-AMG GT 63 S E Performance, with 805 horsepower and technology from this decade, costs roughly $100,000 less.

The company calls the car a “modern interpretation of one of the most celebrated silhouettes in automotive history.” That’s doing a lot of heavy lifting. The front end features bug-eye LED headlights and a misshapen splitter where a gorgeous chrome bumper should be.

The front fenders look borrowed from a Shelby Cobra tribute, not a 1950s Stuttgart grand tourer. From certain angles, uncanny valley is generous.

Things improve as your eye moves rearward. The greenhouse is recognizable, and the gullwing doors deliver the essential drama. A rounded tail echoes the original 300 SL’s proportions reasonably well, though the center-mounted dual exhaust and Cosmis Racing wheels pull you right back out of the illusion.

Inside, there’s Golden Brown Merino leather and retro-styled gauges, plus a folding two-spoke steering wheel and a painted dashboard. But the Crossfire switchgear remains, a reminder of what actually lives beneath the bodywork. An audio system styled to look like something from the 1970s rounds out the cabin.

The Chrysler Crossfire was itself a product of the DaimlerChrysler marriage, that awkward “merger of equals” that was neither equal nor particularly productive. The Crossfire borrowed its platform and powertrain from the Mercedes SLK, which made it the most Germanic Chrysler ever built and also one of the least loved. It was axed after just a few model years.

The 2005 Crossfire Coupe started at $29,920. The Limited with an automatic topped out at $35,695.

So the math here is striking. Take a $30,000 car from 2004, wrap it in fiberglass or aluminum to vaguely resemble one of the most valuable sports cars ever made, and multiply the price by ten. A real 300 SL Gullwing trades for well over a million dollars, sometimes north of two million depending on provenance and condition.

That price gap is what replica builders have always exploited. But the best replicas succeed because they nail the details and offer a driving experience that justifies the entry fee.

This one sends 215 horsepower through a slushbox automatic to the rear wheels. That is roughly the same output as a modern Mazda MX-5 Miata, a car you can buy new for around $30,000. The original 300 SL’s fuel-injected straight-six made 240 horsepower in 1955, so this replica actually makes less power than the car it’s imitating, seven decades later.

Replica culture has produced some genuinely clever machines over the years, from Porsche 550 Spyder tributes to GT40 recreations that can hold their own on a track. The best ones understand that you’re selling an experience, not just a shape.

Signature Autosports appears to be selling a shape, and even that isn’t quite right. At this price, there’s a long list of real cars, fast cars, beautiful cars, that a buyer could park in their garage instead. Whether anyone writes that check will say more about the buyer than the builder.