A 20k-mile 1987 [Porsche 924S](https://fridayswatchlist.com/search?make=Porsche&model=924S) just sold for $15,500, and that’s strong money for what it is.

This 924S is a notable piece in Porsche's history. It represents the final evolution of their front-engine transaxle sports cars. With just 19,752 miles on the odometer, this Guards Red model stands out thanks to its manual transmission and well-kept black leather and cloth interior. The 924S features a detuned version of the 944's 2.5-liter inline-four engine, which keeps the weight down while providing a lively driving experience. Add in the upgraded suspension and 944-style brakes, and you have a car that's not just about looks; it can deliver performance too.

Now, let’s talk about the price. The final bid of $15,500 came after 13 competitive bids, indicating a solid interest level. However, when you pull back and look at the numbers, this sale is a head-scratcher. The fair value estimate for this model is $7,932, meaning this sale was 95% above the fair value based on four comparable sales. While it’s clear that some are bullish on the 924's future value, this sale seems inflated rather than reflective of the current market.

The community comments echo this sentiment. One user noted, "These things just keep going up and up... However, this is one of the best ones I have seen. I want a driver, so too nice for me." This perspective suggests that while buyers are eyeing the 924 as an investment, the price tag on this particular car might be more than practical for those looking for a reliable driver.

For anyone hunting for a similar car, keep an eye on the condition and provenance. Low mileage is great, but documentation of maintenance and history can significantly influence value. If you're considering a 924S or similar model, make sure you know the overall condition and any potential issues that might not be immediately visible. This market can be tricky, and you don't want to get caught up in the excitement without doing your homework.