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That is WAY high. This isn't a Rolls or a Ferrari, and you don't need a PORSCHE body shop to do the work. Find a good paint shop who isn't charging Porsche tax.
I would then find a good used bumper (lots of options here- MK1 GT3 if you want to be really cool, or some of the later Boxster or MK1 996 bumpers), get it bead blasted down to the plastic, prime it, and shoot it. Avoid anything that has been "reconditioned."
The car will look brand new if you blend into the fenders and hood and clear everything. While your lights are out, give them a good wet sand and polishing (and if you don't have Litronics, now would be a great time to get them).
If you're looking to keep your new investment looking new, let the paint cure for a month or so (and drive it carefully- avoiding highways) and then clear bra the hood and fenders. Clear bra-ing a bumper is so labor intensive that most guys will charge what it costs to re-spray a bumper, so I've never bothered there, plus due to the fact that a bumper is plastic, it has much more "give" to it, and so chips far less easily than the metal panels of the hood/ fenders.
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Boxster S
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