Is this DAX worth it?  

Pics
Its not letting me upload pics for some reason right now. Hopefully I will have them uploaded shortly. Thanks.

link?
Maybe this will be easier.
http://www.flickr.com/photos/113015486@N08/sets/72157639322205986/

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I'd sure pick it out of a dumpster but that's about it.
Poor little guy.

It can definitely be brought...
It can definitely be brought back to life, but for the amount of work that will be involved, $80 bucks is WAYYY too much!

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I think you can enjoy saving the chair, but as an investment piece I don't think it'd be worth your time. If you wanted an early shell for your bedroom to throw clothes on it'll work just fine.

Thank you.
Thanks everyone for your opinions. I am still debating it. I am not wanting to get it as an investment piece and am not afraid of the sanding required to remove the paint. I just don't know about the holes. Im thinking about just trying to save it even if it ends up as an extra work chair in the garage. But I do agree that $80 is way too high. I might make a lowball offer and if he turns it down just walk away. Thanks again for everyones input and Ill post before and afters if I end up getting it.

I believe that the four small...
I believe that the four small holes are there because it was previously upholstered. I got an upholstered side chair for $60 and removed the upholstery, but only the armchair shells have holes drilled into them.

@NicolasGlenn
Correct me if I'm wrong, but an upholstered shell chair wouldn't have the hockey puck shock mounts and the x-base. It is clear by the ring on the seat bottom that it was used outside. The chair can most likely be dated in the 50's, though an upholstered version didn't come until the 60's.
To the OP, for the right price and if you mind taking the time and patience for a project chair, it could be worth it.

Thanks for correcting me. I'm...
Thanks for correcting me. I'm a little new to this stuff haha.