Was It The Market, Or The Color? Almost a New High For a 996 GT3

January 19, 2023

As I watched this 2004 911 GT3 cross the $190,000 mark to sell for $190,722, I among other commenters thought for sure this 1,000 GT3 MKII was a world record for price and low mileage. With cars with some normal use trading hands for around $90,000 give or take $5k, an extra $100,000 for ultra-low miles would for sure take the crown. But, we were wrong on both accounts.

After a bit of research, we found that two other cars have sold for more in the last 5 years and one car had lower mileage, and it was not one of the higher-priced examples. Earlier this year this 6,000-mile example became the top sale at $215,000. And in May of 2021, this 9,000-mile example sold for $193,000. The lowest mileage example? That would be this Speed Yellow GT3 with only 750 miles. It sold at Gooding & Co. in 2020 for a shockingly low $140,000. I can only imagine what this car would bring today if it came back to the market.

So why does this GT3 seem like a deal compared to other ultra-low mile results? Is this the result of a softening market? I doubt. GT3 sales are still strong with the majority selling between $80-$100k with less than 50k miles. And being that the two higher examples had more miles, but were painted in the more traditional Silver and Black, I’m going to say the color had a slight say in the price paid.

Yes, Porsche people love their odd colors. But PTS wasn’t as popular an option back when these were new and it’s usually the Blues that bring the money. At $190,000 our Spotlight car was well-bought for someone that enjoys their Porsches in Speed Yellow and gets one of the lowest mileage cars in existence. I also think the selling dealer made out here as they lifted the reserve at $145,250 with three hours to go sending the bidding action into full gear. Well done Porsche Burlington.