I see I came into this a couple of months late, but I have owned a Pearson 10M, Hull 14, for 35 years. Raced out of Galveston Bay and the Gulf in the 70s and 80s, cruised ever since. Moved it to a big lake in north Texas a few years ago.
The 10Ms were solid, go to weather well, and are the opposite of a Clorox bottle. If you are interested in more info, Dan Pfeiffer maintains a complete site, including various changes that owners have made.
I don't understand the pricing either. Breaks my heart, but it may be one of the best bargains around these days.
Bali Hai, 10M, Hull 14.