Carrera GT #0132 Monterey Auction Analysis

The 2018 Monterey Car Week auctions are coming to a close tonight, and while the biggest offerings have yet to go over the block, one of my favorite cars (and perhaps the car I focus most closely on) has already seen some fantastic results this weekend.

At RM on Friday, a 2004 Carrera GT finished in GT Silver over Ascot and with only 176 miles from new sold for $940,000 after buyer’s fees. RM’s own estimate was a cautious $700,000-$900,000, and my personal feeling was that should the bidding reach an “8” number all-in, the seller should walk away happy. To my eyes, this appeared to be a car that will require a large service to be brought to proper driving-readiness (notice the original Michelin Pilot Sport PS2s are still fitted – buyer, please remove those ASAP!).

So, this result was both a pleasant surprise and a sign of where the Carrera GT market will be headed going forward. I have always maintained that the Carrera GT is my generation’s F40 – I’m 25 years old – and I think buyers are catching on to that sort of thinking sooner rather than later.