The Salvage Carrera GT We’ve All Been Waiting For

February 16, 2023

You had to know we’d be talking about THIS 2005 Carrera GT on Cars & Bids when it hit the New & Noteworthy section 6 days ago. It’s the first SalvageTitled CGT we’ve seen on an online auction (other than CoPart of course). After a couple of repainted and higher mileage cars running through the Arizona sales last month giving us a floor in the softening market, we were very interested to see what kind of action this car would bring.

Not only does the car have a salvage title, but it also sports a reasonably poor repair job as body panels are still misaligned, the carbon fiber behind the seats is cracked as is the windshield, the tires have 6-year-old date codes, and it hasn’t seen the inside of a service facility since 2017.

So what would you expect to pay for easily one of the worst examples of a Carrera GT to cross the auction block in memory? Well, the selling dealer had the car listed for sale for $990,000. The recent low-sale from a few weeks ago at Bonhams was for a repainted, not repaired, Carrera GT that hammered down for $935,0000. $1,023,500 with fees.

Maybe the seller was hyping the price up in hopes of attracting higher bids once the auction got started. For days the car sat at $510,000, which is more than a fair price considering. But then in the final hours, a YouTuber from Houston known for fixing broken supercars bid the car up to $600,000…. and it didn’t sell.

At $510,000 this car would have been well-sold, as that is getting all the money for it. At $600,000 the car would have been EXTREMELY well-sold and if it went to anyone but the YouTuber, who could make money off of the views the rebuild would get, we’d have to check their sanity. Maybe there’s a deal to be had offline. If there is, we’ll definitely see a video on YT titled “We bought the cheapest Carrera GT in the US!”.