Hagerty(HGTY) Newsfilter·2025-04-03 15:25Core Viewpoint - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host a significant BMW-only auction as part of the prestigious Concorso d'Eleganza Villa d'Este, showcasing exceptional collector cars from BMW's history [1][2][9]. Company Overview - Broad Arrow Auctions is recognized as a leading global collector car auction house, founded in 2021 by industry veterans, and is expanding its presence in Europe with its inaugural auction in May 2025 [17]. - The company has established itself as the fastest-growing auction house in its segment, with flagship events in California and Florida, and is now the official auction partner for the Concorso d'Eleganza Villa d'Este [17]. Auction Details - The BMW-only auction will take place on the evening of May 24, 2025, featuring a selection of iconic BMW models spanning nearly 70 years of production [2][9]. - The auction will include 70 of the world's finest automobiles, enhancing the prestige of the Concorso event [9][14]. Featured Cars - Notable cars include: - 1958 BMW 507 Series II Roadster: Estimated value between €2,000,000 and €2,300,000, known for its exceptional originality and history of ownership [4][5]. - 1980 BMW M1: Estimated value between €450,000 and €550,000, recognized for its racing heritage and limited production [6][7]. - 2000 BMW Z8: Estimated value between €200,000 and €225,000, combining retro design with modern performance [11][12]. - 1981 BMW M1: Estimated value between €475,000 and €575,000, previously owned by notable figures and showcasing a rich history [13][14]. Market Position - The auction is positioned as a premium experience for collectors and enthusiasts, reflecting the high demand and value associated with rare and historically significant automobiles [14].