It depends a lot on what you are starting with - buying missing parts piecemeal can add up fast...not to mention the time drain finding "correct parts".
It also depends on how much you can do yourself. I read a lot of articles in magazines that mention the owner doing "all the work themselves" and then later on in the article it mentions how paint/machine work/upholstery/etc. were farmed out and the owner basically put the restored pieces together.
I will say on my "decent" #3 '65 that the biggest individual expenses were drivetrain ($1200 for purchase and driveway refurbish of engine/trans), chrome (about $1k) and paint (about $600 for materials).
*IF* you do indeed do all the work and are starting with a complete car *AND* have all of the tools you need *AND* do all the work yourself @$0/hr (and don't involve possible "opportunity costs"), I would think you might be able to properly restore a car to #2 for $10-15k in parts/materials.
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