Amp repair cost — is this right?


I recently sent my Musical Fidelity a308cr power amp off to be recapped. This amp is somewhere around 16-18 years old and one of the power caps failed. I contacted Musical Fidelity and sent it to a repair shop they recommended. Today I received an estimate to replace 18 caps, 8 of which are large power caps, resolder the boards, and re-bias the transistors. Basically a full overhaul. The quote I received, including return shipping (prob around $100) Is over $1,300 which possibly exceeds the value of the amp. That doesn’t include the $115 it cost me to ship it out. Having never had an overhaul done on a power amp like this, I’m wondering if anyone with experience can tell me if this sounds right. I guess I was expecting something more like $600-$800 but I don’t know why since I really don’t have a frame of reference. Perhaps it was the assumption it might be 4 hours labor (say $400) plus max $200 for caps. Is $1,300+ on track? Either way I’m going to be out the shipping cost plus a $160 fee paid for the estimate.
jnehma1
@teo-audio. Your comments are appreciated as genuine and realistic. We all realize Rolex watches are make with some expensive parts and gold - but don't keep better time than, -- dare I say Timex ? :)  And those Rolex also state they require cleaning and tune up but do not provide better timekeeping - which is the goal of timepieces. No? So too with some expensive parts in some expensive audio equipment, they impress with high cost and cachet - but don't necessarily make said equipment "sound" better.
Spectral Audio has kept costs reasonable but avoiding "jewelry" type finish. I'm not dissing the gold plated audio equipment. It may look very pretty to some, and many people makes purchases to look impressive- to each their (careful not to discriminate here :) own ...
@jnehma1.  Why not forward your gear to Teo Audio ? As a result of this conversation you're sure to get good service - and we will look forward to hearing about it :)
I used Bill Thalmann to restore a whole bunch of old components I owned for use in a second, vintage system. I dropped off all the equipment at his shop- got a tour-quite a place, packed to the gills with hi-fi, musical instruments, vintage electronic keyboards, etc. Bill did great work on a variety of equipment, from restoring an old SP-10 turntable to a vintage McI pre-tuner to a pair of ancient Quad II power amps. He helped me source some NOS tubes as well. Very nice guy, very good work, not crazy money. Just make sure you pack well. 
I just recapped an old Krell 400xi integrated amp for a friend. I replaced almost every single electrolytic cap for him.  This included about 20 surface mounts and perhaps another 50 caps including the larger power supply filtering caps.  I used common parts and the amp sounded much better after the work. Ralph at Atmasphere is spot on regarding the life of these capacitors and the sound improvement that can be realized.  

I think many of us forget, not Ralph, how long it takes to just disassemble the amp to get at the underside of the boards etc... With this Krell it was not easy or fast. Just disassembly and desoldering/cleaning took 3-4 hours.  Some units are ridiculously hard to work on due to the time and hassle of disassembly and re-assembly. Goodness many companies make it so hard. 

In addition, it takes time to properly desolder all the old parts plus clean the boards for the replacement parts.  This can be more time consuming when space is tight and you do a clean and professional job. 

Replacing  electrolytic caps can be an hour job with an amp that is simple to disassemble with just a handful of large caps being attended to. However,  with other amps this can take many hours....up to 6-8.  

 Not sure about this amp as I never worked on one, but just giving some realities for us to consider.