With all the rusty Porsches that we have watched sell for big money lately, I figured this one at least deserved a mention. Other cars in this sort of shape would have already been stripped of all useful parts and crushed, but there is no doubt in my mind that this 1963 Porsche 356B will be lovingly restored. It’s will take bucketloads of cash to bring this basketcase back to life, but at least the entry cost isn’t too bad. Find it here on craigslist in Inland Empire for $5,500. Thanks goes to Robert M for the tip!

It may not look like much now, but this was once a beautiful Bali Blue Porsche 356. It wasn’t exactly a powerful car, but with a sub-2,000 pound curb weight it was agile and having the engine out back always kept things interesting. Well, the engine was out back at one time, but it appears to have gone missing here. Replacing it will cost a pretty penny, but as the seller mentions, at least the transmission and suspension are still there.

The seller claims that they purchased the car in hopes of restoring it, but instead let it sit in there back yard for many years. I bet they would have found a storage unit for it if they would have known where values were going were headed. Prices for these German sports cars just keep going up with no signs of stopping. That’s great new for all the Porsche enthusiasts out there who already have a car or two parked in the garage, but for the rest of us, that just means that it is getting next to impossible to own one.

This project does represent an opportunity to those of us who have longed for a 356. Most people can scrape up a few grand, but that is where the fantasy ends here unfortunately. Buying all the missing parts is going to be expensive and then there is the extensive metal work needed… I suppose you could take out a second mortgage on your house to complete the work, but that would be a big gamble. Then again, there aren’t too many investments as safe a Porsche 356!