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Double Bass Broken Bass

I have a 1936 a Oskar C. Meinel bass with many flaws. With new strings and lots of gluing and clamping, my instrument doctor wants $400. Is this fair? Is it worth to drag this dinosaur out of retirement? It feels like it is circling the drain...
 
They want $400 to put new strings and a new bridge on. They want $1500 to put it back into pristine shape. It is playable now, however. Are you familiar with the Oskar C. Meinel company? I thought they were mostly in violins.
 
Four hundred for new strings, a new bridge, and some gluing sounds pretty reasonable (assuming they're decent strings).

Do you have pics, or a better description of what the more extensive repairs might be? If it's an older carved bass, $1500 to get it back into good shape might be well worth while. If it's ply, not so much...

Cheers,

Paul