Here's a company in Florida which does conversions. I called them a few years ago regarding the W123. I was quoted "in the ballpark of $100,000." I will not forget that quote for a while. lol.
Either they did not want the job OR it really does take a lot of engineering, R&D, et cet.
Company Profile | Drop Top Customs by Convertible Builders, LLC.
They do a handful of makes and models, and their fees are not too horrible IMO.