Me too. The person I paid to respray my car clearly saw me coming as I paid more than that. Wish I'd realised!!!
So, EVEN if the job only took 50 hours of work (which is probably on the low side including all the prep required, but I don't know as I'm not a bodywork expert) and the materials cost £700, the hourly rate would be £6 / hour, which probably explains why not many people out there provide a respray at that cost!