My guess is $500-750 USD by the time you paint it.  If it makes you feel any better I have a crease on the forward side of the same wheel arch similar to yours.  In my case the rear taillight area of my wife's Mercedes Wagon jumped out and nailed me.
Anthony
'89 Syncro GL (Hidalgo)

Tom Salicos <Tom@SALICOS.COM> wrote: I broke my van.  Got in a hurry leaving the gas station and one of the white posts that protect the pumps jumped out into my path.  Guess how much this little scrape will cost to fix:

http://www.salicos.com/Damage.htm

Tom Salicos

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