Hagerty(HGTY) Newsfilter·2025-01-17 09:05Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to auction a significant early Ferrari model, the 1948 Ferrari 166 Spyder Corsa, at the inaugural Concorso d'Eleganza Villa d'Este Auction with an estimated value of €5.5 million to €7.5 million [1][3] Company Overview - Broad Arrow Auctions is a leading global collector car auction house founded in 2021, known for its high-quality car offerings and rapid growth in the auction segment [5] - The company is expanding its global presence, launching its first European auction in May 2025 in partnership with BMW AG at the prestigious Concorso d'Eleganza Villa d'Este [3][5] Auction Details - The 1948 Ferrari 166 Spyder Corsa, chassis number 004 C, has a rich history, including participation in notable races such as the 1948 Targa Florio and Mille Miglia [1][2] - The car comes with Ferrari Classiche White Book certification and has been in the same family for 50 years, enhancing its provenance [2] - Broad Arrow will feature 70 high-quality collector cars during the auction weekend, providing a premium auction experience [3] Auctioneer Profile - Thomas Forrester, a prominent UK auctioneer with over 20 years of experience, will lead the auction at the Concorso d'Eleganza Villa d'Este [3]