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I paid $12k for mine a year or so ago, 104k miles, 20k on the t-belt, clutch Ok but no records, interior in great shape, body hit but repaired well.
If the suspension, engine, and transmission on your potential car feel good and an inspection doesn't turn up anything nasty, I think $12k is still a reasonable price (especially for a good color!).
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1988 944NA (Someone else's problem now)
1989 951 "Serena" (Still miss this one...)
2006 330i "Shadow" (6 speed, sport package, and nothing else)
2009 X3 "Ruby" (Because it snows here, and I have things to move)
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