Peeling clear coat, respray needed.

[Papalazarou]

97 + corrosion issue??

Sure. The later 3.2 era cars suffered from paint corrosion issues. Normally around the front and rear wheel arches. The earlier cars seem less prone.
I can only imagine something changed in production which caused these issues. Perhaps the change in the aluminium grade or a paint material/process. One physical reason might have been the trim/nosecone lightly rubbing against the wing, but certainly stone chips eventually letting in moisture.
The facelift cars seemed the worst. They often had slam panel bubbling as well. I had a long beach blue car which was bubbling well on the wheel arches. Honda actually paid out for it. I had one red facelift car with only 12k miles on it. That car had paint flaking off the wheel arch.
There will be some cars which have not suffered from it to any noticeable extent. But I’d say it’s rare. I know people will be reading this thinking their car is all original, but tbh on a 20-30+ year old car, it’s doubtful.
Feel free to beat me up over this.