Hagerty(HGTY) GlobeNewswire News Room·2025-04-03 15:25Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host a significant BMW-only auction as part of the Concorso d'Eleganza Villa d'Este, highlighting BMW's legacy in the automotive world [2][9][14] Auction Details - The BMW-only auction will take place on May 24, 2025, during a two-day event at Villa Erba, Italy, featuring 70 of the world's finest automobiles [9][14] - The auction aims to celebrate BMW's heritage, showcasing both classic and modern collector cars, including iconic motorsport models [3][9] Featured Cars - The auction will include notable models such as: - 1958 BMW 507 Series II Roadster with an estimated value of €2,000,000 - €2,300,000, known for its exceptional originality and history of ownership [4][5] - 1980 BMW M1 estimated at €450,000 - €550,000, recognized for its racing pedigree and limited production of only 453 units [6][9] - 2000 BMW Z8 estimated at €200,000 - €225,000, combining retro design with modern performance, featuring a 4.9-litre V8 engine [11][12] - 1981 BMW M1 estimated at €475,000 - €575,000, previously owned by Vijay Mallya, showcasing its unique history and modifications [13][14] Company Background - Broad Arrow Auctions, founded in 2021, has quickly established itself as a leading global collector car auction house, expanding its presence in Europe with this inaugural auction [17] - The company is recognized for offering high-quality collector cars and aims to enhance the auction experience during prestigious events like the Concorso d'Eleganza Villa d'Este [14][17]