$1.9 million for a Carrera GT - new record

[RDMcG]

https://autobala.com/this-2005-porsche-carrera-gt-...

[RDMcG]

One. of my favourite cars, but pricing is disappearing into the stratosphere.

[TDT]

Only because it’s basically box fresh.
All the premium is in the low mileage… so will that car be used?

If I were in the position, I’d much prefer to pay less for a car with some mileage and proper history, and be able to actually drive it.
We have some brilliant proponents of that around these parts.

Carrera GT still remains my favourite car of all time.

[MDL111]

the asking prices of these have gone up a lot. Although some of the same cars hang around, now just asking 200-300k more than 12-18 months ago. There is one with 4 digit km listed for 1.3m Euros atm - not even collector mileage imo as I'd have thought you need 3 digit figures for that and a couple with 5 digit km for 7-digit figures. Nice if you have one, looked at my 2014 CGT prices in Europe sheet recently, but no point crying over spilt milk, will remain a dream now as opposed to something I realistically aspire to own

[993rsr]

https://bringatrailer.com/listing/2005-porsche-car...

Another one coming up as well, be interested to see what this makes.

I also understand a UK specialist are asking £1.05m for a 13k midnight blue car.

[993rsr]

TDT said:

Only because it’s basically box fresh.
All the premium is in the low mileage… so will that car be used?

If I were in the position, I’d much prefer to pay less for a car with some mileage and proper history, and be able to actually drive it.
We have some brilliant proponents of that around these parts.

Carrera GT still remains my favourite car of all time.

Even one with a gently driven 48k miles must be worth £500k now

Lowndes and I have a race on to see who gets to 50k miles first in the Spring.

[Cheib]

993rsr said:

https://bringatrailer.com/listing/2005-porsche-car...

Another one coming up as well, be interested to see what this makes.

I also understand a UK specialist are asking £1.05m for a 13k midnight blue car.

The midnight blue/tan car that changed hands twice in the space of a few months a couple of years ago ?

[julian987R]

993rsr said:

https://bringatrailer.com/listing/2005-porsche-car...

Another one coming up as well, be interested to see what this makes.

I also understand a UK specialist are asking £1.05m for a 13k midnight blue car.

250 miles from new yet still needed a service costing $18,000. ?!

[993rsr]

Cheib said:

993rsr said:

https://bringatrailer.com/listing/2005-porsche-car...

Another one coming up as well, be interested to see what this makes.

I also understand a UK specialist are asking £1.05m for a 13k midnight blue car.

The midnight blue/tan car that changed hands twice in the space of a few months a couple of years ago ?

Correct I fact I think it sold one more time recently.

Edited by 993rsr on Thursday 6th January 23:12

[993rsr]

julian987R said:

993rsr said:

https://bringatrailer.com/listing/2005-porsche-car...

Another one coming up as well, be interested to see what this makes.

I also understand a UK specialist are asking £1.05m for a 13k midnight blue car.

250 miles from new yet still needed a service costing $18,000. ?!

The fact it’s sat there doubt fxxk all of course it would need some re-commissioning! What on earth do you expect.

[isaldiri]

There's been an odd amount of excitement amongst some owners on that news. Especially given quite a few seem convinced that the cars are their forever cars. I can fully understand why if someone was simply buying the car to keep and sell later without using that would be great news. For anyone wanting to use the thing, rising prices to that degree is the fastest way to stop people from actually doing so.

[Andyoz]

Guy over here in Nth Ireland has two of them amongst other tasty stuff.

He's spotted at the local country town petrol pump filling them up. Takes one to work at times. Legend.

[Yellow491]

isaldiri said:

There's been an odd amount of excitement amongst some owners on that news. Especially given quite a few seem convinced that the cars are their forever cars. I can fully understand why if someone was simply buying the car to keep and sell later without using that would be great news. For anyone wanting to use the thing, rising prices to that degree is the fastest way to stop people from actually doing so.

100% agree,it was /still quite funny how when the 993 gt2 sold for strong money,every one thought there cars were now worth a mil,there are some right munters out there of gt2 and cgt.

[ChrisW.]

isaldiri said:

There's been an odd amount of excitement amongst some owners on that news. Especially given quite a few seem convinced that the cars are their forever cars. I can fully understand why if someone was simply buying the car to keep and sell later without using that would be great news. For anyone wanting to use the thing, rising prices to that degree is the fastest way to stop people from actually doing so.

If it's so forever that you would wish to Will it to a successor ... the bigger the number the more this will cost in IHT.

I have a friend who was left a 959 ....

[AndrewD]

isaldiri said:

There's been an odd amount of excitement amongst some owners on that news. Especially given quite a few seem convinced that the cars are their forever cars. I can fully understand why if someone was simply buying the car to keep and sell later without using that would be great news. For anyone wanting to use the thing, rising prices to that degree is the fastest way to stop people from actually doing so.

Nothing is forever and I will sell mine when I can no longer drive it, that’s my personal definition of forever. In the meantime it gets driven and enjoyed. I expect that is the same for a lot of owners. And of course it is nice to see the value rise, even if you are driving it, it’s better than the prices not rising. The other thing is a bit of “at last” feeling that the car is starting to get the recognition it deserves by the market, for years people who know, know, but for CGT to appear less sought after than the pile of scaffolding and glue that is an F40 has been weird

Edited by AndrewD on Friday 7th January 10:18

[isaldiri]

AndrewD said:

And of course it is nice to see the value rise, even if you are drivint it, it’s better than the prices not rising. The other thing is a bit of “at last” feeling that the car is starting to get the recognition it deserves by the market, for years people who know, know, but for CGT to appear less sought after than the pile of scaffolding and glue that is an F40 has been weird.

I completely disagree. Prices going up if you're not selling just means PAG gets the excuse to try to run you over further on parts pricing nevermind servicing and you end up paying more for insurance. I don't need the extra validation of what I think of the car by 'the market' especially when there's a direct financial cost in doing so. And it's a very rare person who will not at least have some element of 'mark to market' wrt to adding mileage onto the car as values start to get silly. Prices moving the way they have been in the last couple of years have imo not been a good thing at all for those wanting to use the thing as I said instead of wanting mainly to profit from the car (and nothing at all against the latter but perhaps a little more honesty about it would be useful without all the 'forever car' proclamations).

[AndrewD]

isaldiri said:

I completely disagree. Prices going up if you're not selling just means PAG gets the excuse to try to run you over further on parts pricing nevermind servicing and you end up paying more for insurance. I don't need the extra validation of what I think of the car by 'the market' especially when there's a direct financial cost in doing so. And it's a very rare person who will not at least have some element of 'mark to market' wrt to adding mileage onto the car as values start to get silly. Prices moving the way they have been in the last couple of years have imo not been a good thing at all for those wanting to use the thing as I said instead of wanting mainly to profit from the car (and nothing at all against the latter but perhaps a little more honesty about it would be useful without all the 'forever car' proclamations).

Why will PAG charge more for servicing and parts? Seems they have been quite successfully doing this over the past several years despite the market value of the cars not rocketing up.

I agree insurance will go up too but since this is priced at around 0.75% of insured value for old blokes living in the sticks who own the cars, that is £750 pa for every £100k of value growth, which is insignificant when the market is correcting vs alternatives even if you drive the car.

Anyway, it is what it is. You are no doubt right that if values spiral it will discourage some people from driving their cars. More fool them frankly, you are a long time dead. I like to think it just means when I am older and more decrepit, I will sell the car for more and still have a massive grin from the memories of driving it.

[Deansfield]

So well said Andrew

keep enjoying the most wonderful Porsche ever

Not much more needs to be said really

Just drive

[Blackpuddin]

AndrewD said:

the pile of scaffolding and glue that is an F40

a bit harsh

[TurboTerrific9]

AndrewD said:

isaldiri said:

There's been an odd amount of excitement amongst some owners on that news. Especially given quite a few seem convinced that the cars are their forever cars. I can fully understand why if someone was simply buying the car to keep and sell later without using that would be great news. For anyone wanting to use the thing, rising prices to that degree is the fastest way to stop people from actually doing so.

Nothing is forever and I will sell mine when I can no longer drive it, that’s my personal definition of forever. In the meantime it gets driven and enjoyed. I expect that is the same for a lot of owners. And of course it is nice to see the value rise, even if you are driving it, it’s better than the prices not rising. The other thing is a bit of “at last” feeling that the car is starting to get the recognition it deserves by the market, for years people who know, know, but for CGT to appear less sought after than the pile of scaffolding and glue that is an F40 has been weird

Edited by AndrewD on Friday 7th January 10:18

Personally, I think an F40 is much more fun to drive (build quality issues aside, which are quite laughable)