Na the real story is, he paid over the odds from the not so popular john brown Land Rovers. Probably around 12/15 UK pounds plus his shipping, so he's wanting a 20k profit.
If it was 100% restored and its far from that then it could be worth 15/20 UK, going on recent sales, should also be noted that since land rover decided to end Defender production, prices in the Uk have across the board gone up by 3000 pounds $6000, this not only includes Series 2 and 3's but also early 90 110's so if you have one keep it well looked after.