The Reserve Report

THE RESERVE REPORT - MARCH 2026

Q1 finished with a sharp premium at the top.

Historical Coverage
Historical coverage series. This report was prepared on October 7, 2026 using period-correct public market data. The March 2026 label describes the coverage period, not the original publication date.
Executive Read

Q1 finished with a sharp premium at the top.

Amelia Island closed an exceptional first quarter. Through Q1, dollar volume, average sale price and sell-through all improved against 2025 on roughly the same number of listings, while the top of the market remained heavily live-auction driven.

Q1 DOLLARS+31% YoY
AVG. PRICE+27% YoY
SELL-THROUGH+6 pts YoY
$1M+ MARCH37

Selected public price discovery

Model / MarketResultMileage / DetailContext
1960 Ferrari 250 GT SWB California Spider$16.500M-Gooding Christie's Amelia
2005 Porsche Carrera GT$6.700Mrecord saleBroad Arrow Amelia
Top 21 March salesAmelia Island-Gooding + Broad Arrow

What the tape says

Carrera GT repriced violently

A $6.7M result more than doubled the record established only a week earlier, showing what can happen when rarity, provenance and competitive bidding align.

The live-auction premium was real

Only two of March's 37 seven-figure sales occurred online.

Q1 was not a broad melt-up

The data pointed to a richer transaction mix and stronger competition for exceptional cars rather than uniform appreciation across every segment.

The Twelve Reserve view

The lesson from Q1 was selectivity. A headline record can reset seller psychology overnight, but repeatable valuation requires multiple comparable cars. We would treat extraordinary auction-room outcomes as signals first and market levels second.

Individual results are reference points, not universal valuations. Mileage, specification, originality, history, condition, venue and timing all matter.