Now, not too long ago, I questioned some of the ridiculous values that Porsche 911s in basketcase condition have been given by sellers who are clearly counting on cashing in. However, today’s project-grade 911 deserves the price the seller is asking, or at least close to it, as it is a very special car that rarely comes up for grabs in any form. This is a 1988 Porsche 911 Jubilee edition, one of only 875 made, and listed here on eBay, for $62,500. It is a genuinely rare car produced in very limited quantities and comprised of a host of features that will forever make it a desirable specimen.

Unlike an early 80s Targa with no engine that has a very limited value proposition once all necessary work has been done, the Jubilee Edition will likely continue to appreciate for years to come. Featuring special paint color options – Diamond Blue Metallic exteriors with color-matched Fuchs wheels – and Silver Blue Metallic interior trimmings, it was a standout in a 911 lineup where most owners were choosing red, black, or white at the time. Also called a Commemorative Edition in recognition of the 250,000th 911 rolling off the line, you could order a Jubilee Edition as a coupe, convertible, or targa.

Front and rear spoilers were also part of the package, and the front lower valence always made the 911 look significantly more aggressive. Where this car needs the most help is in the interior and that special blue upholstery mentioned above. The seats are tired and in need of recovering, and the CE cars also received the “luxury carpet” option, which looks like it may need some love as well. Other desirable factory upgrades include a short shifter and the much sought-after sports suspension option. And, of course, as a 1988 model, the light years-improved G50 5-speed manual transmission came standard.

The engine remained unchanged from stock, as this special edition wasn’t a performance build of any kind. The seller notes that it shows great compression numbers and drives quite well all things considered, which means the slightly tacky cosmetics are likely not due to neglect but because the previous owner actually drove his or her 911. Even now, it’s sorely tempting to leave this one as-is and continue beating the snot out of it, but the smart play (in my opinion) is to peel off the ugly window tint, get the seats recovered, the carpets steam-cleaned, and get right back to driving the doors off of it.