45K would be a fair price for a 110 of that vintage and mileage...
Our local dealer had a 90 of about the same age (slightly less km's) up for $39,995 the exact same price it cost 4.5 years ago and it was sold in a week.
That's the benefit of owning a good Defender, very few cars if any keep their value like they do
Cheers,
Lou


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