Testing The Carrera GT Market This Weekend

November 16, 2022

At first glance of the auction list, Broad Arrow’s upcoming Palm Beach auction looks like your normal daily auction roundup: a ’00s Boxster, some ’80s 911s, a delivery mileage 2022 GT4, a couple of 356s. But then, the real heavy hitters start to emerge with the top lot being the 2005 Porsche Carrera GT pictured above.

In the past 90 days, 4 Carrera GTs have failed to meet reserve with only one, this rare Guards Red example, selling at Broad Arrow’s Monterey sale for $1,765,000. In the current climate, what should we expect our Spotlight car to bring?

This 3,458-mile car finished in GT Silver over Terracotta comes with a full set of factory luggage and a recent service in June of this year. Broad Arrow provides an estimate of $1.6m to $1.8m which is a little optimistic considering the last 3 GT Silver cars failed to sell with a top bid of $1,500,000.

Yes, live auctions can bring out the best in a car’s hammer price fueled by a few cocktails and two bidders gunning for auction glory. But with a constant flow of similar cars at daily online auctions and a number of examples currently available on the market, I don’t see this one crossing the $1.5 mark let alone hitting the low estimate.

Other notable examples to watch this weekend:

  • 2016 911 R

  • 1994 911 Speedster

  • 1987 911 Turbo M505 Slantnose

  • 1998 911 Carrera S Aerokit

With only a few high-profile auctions left in the year, this sale will be a good indication of where the higher-end market is heading before things pick back up in Paris in February.