The well-done restoration of a vintage refrigerator significantly increases its value; as of February 2015, Antique Appliances offers a well-maintained 1954 GEM Combination refrigerator for $5,400. Unrestored refrigerators are purchased in poor to fair condition for as little as $150.
The restoration process is often quite expensive in itself; such a restoration can cost up to $5,000. During the restoration process, many interior parts must be cleaned or replaced, and the exterior also requires deep cleaning as well as repainting. Restoration projects at Jowers Appliances require, on average, 50 hours of labor, and elaborate restoration projects take even longer. The value of a restoration goes down when the unit is modern.