Looks like quite a bit of the chrome is just plain gone. It would be a lot more than $800-1000 to re-do this bike, if you're thinking about doing it right, because you'd have to start with a full re-chroming.
So if it was mine, I'd probably just clean & wax it, get some bars with a more traditional bend, build it up with NR and ride.
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● 1971 Grandis SL ● 1972 Lambert Grand Prix frankenbike ● 1972 Raleigh Super Course fixie ● 1973 Nishiki Semi-Pro ● 1979 Motobecane Grand Jubile ●1980 Apollo "Legnano" ● 1984 Peugeot Vagabond ● 1985 Shogun Prairie Breaker ● 1986 Merckx Super Corsa ● 1987 Schwinn Tempo ● 1988 Schwinn Voyageur ● 1989 Bottechia Team ADR replica ● 1990 Cannondale ST600 ● 1993 Technium RT600 ● 1996 Kona Lava Dome ●