We try not to take things too seriously here in the Bid is Right corner of Hagerty Insider. The data folk can tell you all about how inflation is impacting auction activity and use big words like “curvilinear“; we’ll be over here guessing the hammer on a ’98 Corolla.
Yet we’ll admit we’re watching this week’s car, a Carrera GT on Bring a Trailer, for more than mere amusement. These Porsches have led the market’s historic charge in 2022. At one point this year, we observed record sale after record sale. Yet as of late, our data show transactional values for Carrera GTs have declined subtly yet steadily. Although no single car or sale can speak for the market as a whole, this one could be a bellwether for where things are headed as the year comes to a close.
Oh, and the sale is no reserve. Pretty gutsy in an uncertain market, no? Fortunately, all that’s at stake for us is $500—and we’re shelling it out, no matter what, to whoever guesses closest to the hammer without going over.
The good news for you is that the ascribed value of the Carrera GT is fairly easy to pin down, especially if you tune into Hagerty’s Valuation Tool. That wasn’t entirely helpful for the Acura Legend featured in the last contest.
Since there weren’t many extraordinarily stand-out options or paint hues offered on the Carrera GT when new, much of determined value relies on condition, mileage and service history. This particular example wears the classic-but-common GT Silver Metallic paint, and presents in exceptional condition with around 8,000 miles on the odo.
However, there are a few things to note: the distinctive center-lock wheels are refinished in dark gray, and the car wears an aftermarket exhaust from AWE Tuning. Likely a welcome boost to the 5.7-liter V-10’s supernatural howl, but purists seeking OEM perfection should look elsewhere or prepare their shop for some work.
Regardless, the car’s condition, sale presentation, and well-known seller has, as this story is being published, already buoyed buyer confidence and interest enough to attract a $1,150,000 bid, “just” $100,000 short of the Hagerty Price Guide’s value for a 2005 Porsche Carrera GT in Condition #3 (Good).
We like to keep everything fair, so we close guessing a full 24 hours before the sale’s close, but that should be plenty of time for some past sale sleuthing. Make sure you read the rules below, and once again:
- The commenter who guesses closest to the hammer price without going over wins. (Hammer price excludes auction house fees).
- One guess per commenter.
- If two people guess the same amount (within a dollar) the earlier guess wins.
- Commenters must provide first and last name in addition to email address.
- We will close the guessing on Dec 27 2022 at 1:05 pm est.
- Your privacy is important to us, and we’ll never sell your information. By providing your email you will receive the weekly Insider newsletter, and you can opt out at any time.
- You can read the full rules here.
$1.4 Million USD hammer price. My prediction.
Hammer price $1,600,000
My guess is $1,516,000
Looks like we have a winner! Hammer fell at $1,235,000