2004 Porsche Carrera GT

VIN: WP0CA298X4L001014

$632,500

Sold

2004 Porsche Carrera GT

Seller details

  • Auction

    Barrett-Jackson

  • Location

    Palm Beach, FL; US

  • Event date

    Apr 8 - Apr 10, 2016

  • Lot

    428

Vehicle specs

  • Chassis/VIN

    WP0CA298X4L001014

  • Body style

    Coupe

  • Transmission type

    Standard

  • Horsepower

    605

  • Induction

    FI

  • Interior Color

    Brown Leather

  • Exterior Color

    Silver

  • Generation

    2004-2007 Porsche Carrera GT

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

Cross-drilled rotors, yellow calipers, power windows, air conditioning, wood shift knob.

Condition

#2 Excellent

Could win a regional car show. Drives like new.

About Hagerty’s condition ratingsClose

In like new condition with just 4,252 miles on the odometer.

Market commentary

Carrera GT prices are trending in opposition to Ford GTs. The Ford, with a MSRP in the mid-$100,000s, now brings two to three times that. The Carrera GT, with a $450,000 MSRP and production of some 1,270 units of which 660 were sold in the U.S., had bubbled up to seven figures but now supply seems to have exceeded demand and they are rapidly settling back into mid-six figures close to their original selling prices, if buyers can be found at all. This is the second one offered here in Palm Beach, and the fifth one to be offered at auction in the U.S. since the beginning of the year. Carrera GT prices are trending in opposition to Ford GTs. The Ford, with a MSRP in the mid-$100,000s, now brings two to three times that. The Carrera GT, with a $450,000 MSRP and production of some 1,270 units of which 660 were sold in the U.S., had bubbled up to seven figures but now supply seems to have exceeded demand and they are rapidly settling back into mid-six figures close to their original selling prices, if buyers can be found at all. This is the second one offered here in Palm Beach, and the fifth one to be offered at auction in the U.S. since the beginning of the year. While $300-400,000 off their peak seems painful, to someone who bought a Carrera GT at their $300,000 or so transaction range three years ago the recent results are very profitable.

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