Pick of the Day: 1963 Porsche 356B Carrera 2 GS Cabriolet for 7 figures

Everybody knows that prices for vintage Porsches have soared, but here’s one that – at least for the uninitiated – will make your eyes water and a smoky question mark rise above your head.

What looks at first blush to be an ad for a rather nice 1963 Porsche 356B Cabriolet, which normally would have a value of around $175k, has a nearly unfathomable asking price of just under $1.3 million.

How crazy is that?  Well, apparently, not at all.

That’s because the Pick of the Day is a rare and massively desirable 1963 Porsche 356B Carrera 2 GS Cabriolet.  What all that means is that this 356 is powered by Porsche’s legendary 4-cam 4-cylinder engine, called the type 547, the revolutionary design that powered Porsche 550 Spyders to class wins at the Mille Miglia and Le Mans a decade earlier.