Err... yeah? Nothing jumps out to me as terribly unrestorable, and even a basic clean-up would see it presentable. People have certainly tackled much worse & won.
Can't place/find the model, but from the Lorenz brand & general build style I'm guessing 50's-era military amenities, or maybe ham/consumer, shortwave receiver? If it's not particularly uncommon it's probably a parts set, but if it's not common then it's definitely worth doing. Finding/making a replacement dial glass would be a pain, and you'd be in for some parts-searching (or re-stuffing/faking) if you were a stickler for originality - but I'd bet the leaking caps in the power supply section make things look much worse than they really are, and the rest seems to simply be the usual rust, dust, & spiders...
edit: just saw your last post. Hmmm... if you don't feel like tackling it yourself, it'd definitely be worth putting feelers out to the vintage/military radio collectors out there.