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The 997.1 Turbo (thru '09) is still a Mezger motor, like the 996 Turbo / GT3 / etc. In general they've had a very high level of reliability, given they're derived from endurance racing motor. The later 997.2 Turbos have a different motor which introduced DFI. The 997 (starting w/ 997.1) also introduced variable geometry turbos which was different from 996 Turbo.
Most good 997 Turbos seem to be selling in the $65-75K range these days and there's plenty available. There are some rare color or extremely low mileage ones that sell for $80K plus. The ones that are down in the $50-60K range tend to have high mileage (not inherently bad if car has been well maintained), or other stories (lots of mods, track time, accident or paintwork, etc).
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'72 911 ST Tribute (built by Scott Longballa) - Signal Yellow
'74 911 Carrera Targa (2.7 MFI - RoW) - Silver / Polaroid Stripes
'77 930 - Minerva Blue
'97 993 Turbo S - Ocean Blue Metallic
'13 981 Boxster (BGB 3.8L 991S conversion) - Racing Yellow
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