I would say the price is about right for replacement. Biased on some other similar work I have seen done around here, If done using traditional technique. It it were MIG welded and water jet cut and looked about %75 right. I would knock off about %40. Up here in NY there a hand full of shops are doing Yellin quality work. Meaning well designed, Mortis and tennon, rivets, collars and repousse forge welding etc. I aspire to get into this market it is kind of like being allowed eat at the grown up table. These shops keep a low profile out side of marketing to there clients. You will never see a demo at one of there shops or will be invited for a shop tour. The builders and architects want this kind of work are a hard group to impress and have close long standing relationships with their metalworkers.