Need advice on this original Aero

Gents I've enquired about this jacket which is in not too good shape but maybe repairable, I can just make out the label as Beacon NY and by the shape of the pockets, mustard lining it looks to be an Aero, size 48. I can't see the zipper but there appears to be major issues to the leather around the collar? Also fairly obvious is the lining is trashed. Interesting that the knits seem new considering the other issues.

He's made me an offer of US 1200 +shipping, But my price would be...

Need advice on this original Aero