Hagerty(HGTY) GlobeNewswire News Room·2025-03-25 16:04Core Viewpoint - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its inaugural Concorso d'Eleganza Villa d'Este Auction on May 24-25, 2025, featuring historically significant motorsport models [1][2]. Auction Details - The auction will take place on the shores of Lake Como, in partnership with BMW AG, showcasing up to 70 high-quality collector cars [2]. - The auction will include a diverse range of vehicles, from coachbuilt classics to modern supercars, highlighting significant motorsport legends [2]. Featured Cars - 1990 Citroën ZX Rallye Raid: Estimated between €475,000 and €525,000, this car has a notable history in the Paris-Dakar Rally, finishing sixth in 1991 and contributing to Citroën Sport's FIA World Cup victory [3][4][5]. - 1936 Fiat 570 Bertone Barchetta Special: Estimated between €325,000 and €375,000, this car marks the beginning of Nuccio Bertone's design career and has a rich racing history, including participation in the Mille Miglia [7][8][9]. - 1966 Fiat Abarth OT 1300: Estimated between €400,000 and €450,000, this car is recognized for its performance in the Targa Florio and has a storied motorsport pedigree [11][12]. - 1965 Elva BMW Mk 8: Estimated between €175,000 and €225,000, this car has competed in notable races and will participate in the 2025 Goodwood Members Meeting before the auction [13]. Company Background - Broad Arrow Auctions, founded in 2021, is a rapidly growing global collector car auction house, known for its high-quality offerings and flagship events in the U.S. [16][17]. - The company is expanding its presence in Europe with this auction, further solidifying its position in the collector car market [17].