Hagerty(US:HGTY) Newsfilter·2025-04-23 14:18Core Insights - Broad Arrow Auctions, a Hagerty company, will auction two unique McLaren supercars owned by Lewis Hamilton and Jenson Button at the inaugural Concorso d'Eleganza Villa d'Este Auction on May 24-25, 2025 [1][12] Company Overview - Broad Arrow Auctions is a leading global collector car auction house, founded in 2021, and is expanding its footprint in Europe with its first auction in Italy [14][15] - The company is known for offering exceptional quality cars to collectors and enthusiasts, and is the fastest growing auction house in its segment [15] Industry Context - The McLaren MP4-12C is recognized as a pivotal model for McLaren Automotive, marking its return to the supercar market after the iconic McLaren F1 [2][8] - The involvement of F1 champions Hamilton and Button in the development of the MP4-12C highlights the intersection of motorsport and automotive innovation, enhancing the car's historical significance [4][11] Auction Details - The auction will feature Hamilton's MP4-12C, which has a unique specification and was registered on March 1, 2012, and Button's MP4-12C, which has been maintained in a private collection [4][10] - Hamilton's car is estimated to sell for €175,000 - €225,000, while Button's car is estimated at €125,000 - €150,000 and will be offered without reserve [13]