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BROAD ARROW ACHIEVES NUMEROUS WORLD RECORD PRICES AT 2025 MONTEREY JET CENTER AUCTION
Globenewswire· 2025-08-18 20:36
Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]
BROAD ARROW PRESENTS STUNNING AND UN-RACED JAGUAR D-TYPE AT INAUGURAL ZÜRICH AUCTION
Globenewswire· 2025-08-12 08:30
Core Viewpoint - Broad Arrow Auctions, a Hagerty company, is set to feature a rare 1956 Jaguar D-Type at its inaugural Zürich Auction on November 1, 2025, which is expected to attract significant interest from collectors due to its pristine condition and unique history [1][3][8]. Auction Details - The auction will take place at the Dolder Grand hotel in Zürich, in partnership with Auto Zürich [3]. - The Jaguar D-Type, chassis XKD 551, is one of only 71 produced and has never been used in competitive motorsport, enhancing its desirability among collectors [2][8]. Vehicle History - Chassis XKD 551 was sold to its first owner in October 1957 and was converted to semi-XKSS specification, later returning to its original configuration in the 1970s [4][5]. - The car has been meticulously cared for by its current Swiss owner since 1994, with significant investments made in its preservation, including a rebuild of the original engine [5][6]. Collectibility and Value - The Jaguar D-Type is accompanied by various historical documents, including FIA Historical Identity Form and FIVA Identity Card, making it eligible for prestigious historic racing events [6]. - The estimated auction price for the D-Type is between CHF 5,250,000 and CHF 6,250,000 [8]. Company Background - Broad Arrow Auctions is a leading global collector car auction house, founded in 2021, and has rapidly expanded its presence in the auction market [9]. - The company has launched several auctions in Europe and is known for its high-quality offerings to collectors and enthusiasts [9].
MASERATI MC12 STRADALE SUPERCAR LEADS BROAD ARROW’S MONTEREY JET CENTER AUCTION OFFERING
Globenewswire· 2025-07-24 17:16
Core Insights - Broad Arrow Auctions, a Hagerty company, is set to host its flagship Monterey Jet Center Auction on August 13-14, 2025, featuring a highly desirable 2005 Maserati MC12 Stradale, estimated between $4.8 million and $5.5 million [1][2][3] Auction Highlights - The auction will present 170 lots, showcasing a variety of collector cars across active market segments, including modern supercars, post-war classics, and rising JDM icons [4][5] - Notable supercar entries include the 2008 Koenigsegg CCXR (Estimate: $2.75 million - $3.5 million), 2018 Bugatti Chiron (Estimate: $3 million - $3.5 million), and 1991 Ferrari F40 (Estimate: $3.35 million - $3.5 million) [6][8] - The auction will also feature significant track-focused vehicles, such as the 1959 Porsche 718 RSK Spyder (Estimate: $3.5 million - $4 million) [10] Market Trends - The current collector car market is seeing younger buyers who prioritize performance and usability, seeking rare and high-quality vehicles [5] - The Japanese Domestic Market (JDM) segment is gaining traction, with a rare 1999 Nissan Skyline CRS GT-R V-Spec by NISMO leading the offerings (Estimate: $700,000 - $850,000) [13] - The post-war classic car segment remains a staple, highlighted by a 1967 Ferrari 275 GTB/4 (Estimate: $2.5 million - $3 million) [14] Company Background - Broad Arrow Auctions is recognized as a leading global collector car auction house, having rapidly expanded its presence since its founding in 2021 [18] - The company is known for its high-quality offerings and has established flagship events, including the Monterey Jet Center Auction and others in collaboration with prestigious automotive events [18]
MASERATI MC12 STRADALE SUPERCAR LEADS BROAD ARROW'S MONTEREY JET CENTER AUCTION OFFERING
GlobeNewswire News Room· 2025-07-24 17:16
Core Insights - Broad Arrow Auctions, a Hagerty company, is set to host its flagship Monterey Jet Center Auction on August 13-14, 2025, featuring a landmark 2005 Maserati MC12 Stradale with an estimated value of $4.8 million to $5.5 million [1][2] Auction Highlights - The auction will present 170 lots, showcasing a variety of highly desirable collector cars, including modern supercars, post-war classics, and JDM icons [4][5] - The Maserati MC12 Stradale is noted for its rarity, with only 50 units produced, and is based on the Ferrari Enzo, featuring a competition-purpose body and a powerful 6.0-liter V12 engine [2][3] Supercar Segment - Additional supercar highlights include: - 2008 Koenigsegg CCXR (Estimate: $2.75 million - $3.5 million) - 2018 Bugatti Chiron (Estimate: $3 million - $3.5 million) - 1991 Ferrari F40 (Estimate: $3.35 million - $3.5 million) - 1968 Lamborghini Miura P400 (Estimate: $2 million - $2.4 million) [6] Track Stars - The auction features notable racing cars, including a 1959 Porsche 718 RSK Spyder (Estimate: $3.5 million - $4 million), which has a rich racing history and is eligible for prestigious vintage racing events [7] JDM Icons - The auction highlights the growing market for Japanese Domestic Market collector cars, featuring a rare 1999 Nissan Skyline CRS GT-R V-Spec by NISMO (Estimate: $700,000 - $850,000) [8] Post-War Classics - Key post-war classic offerings include: - 1967 Ferrari 275 GTB/4 (Estimate: $2.5 million - $3 million) - 1965 Ferrari 275 GTB (Estimate: $2.5 million - $2.8 million) - 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" (Estimate: $1 million - $1.25 million) [9][10] Event Details - The auction will take place at The Monterey Jet Center in California, coinciding with Motorlux, attracting thousands of collectors and enthusiasts [14]
BROAD ARROW TO AUCTION DESIRABLE ASTON MARTIN ZAGATO DBZ CENTENARY COLLECTION IN MONTEREY
Globenewswire· 2025-07-22 13:35
Core Viewpoint - The Aston Martin DBZ Centenary Collection, featuring the rare DB4 GT Zagato Continuation and DBS GT Zagato, will be auctioned at the Broad Arrow Monterey Jet Center Auction on August 13-14, 2025, celebrating over 60 years of collaboration between Aston Martin and Zagato [1][10]. Group 1: Auction Details - The auction will showcase the Aston Martin DBZ Centenary Collection, which includes only 19 pairs of the DB4 GT Zagato Continuation and DBS GT Zagato, originally sold together in 2019 for £6.1 million ($8.1 million) [3][12]. - Broad Arrow Auctions has established itself as a key player during Monterey Car Week, with the upcoming auction expected to feature over 170 collector cars and a total sales target of $3.5 million to $4.5 million for the DBZ Centenary Collection [4][12]. Group 2: Historical Significance - The partnership between Aston Martin and Zagato has produced some of the most iconic cars in automotive history, with the DBZ Centenary Collection celebrating 100 years of Carrozzeria Zagato [2]. - The DB4 GT Zagato Continuation is a recreation of the original 1960s model, designed to compete with Ferrari, while the DBS GT Zagato showcases modern engineering and design [4][8]. Group 3: Technical Specifications - The DB4 GT Zagato Continuation features a 4.7-liter engine producing 390hp, an increase of 76hp from the original model, and includes modern enhancements such as carbon fiber seats and a non-synchronized four-speed gearbox [7]. - The DBS GT Zagato is powered by a 5.2-liter twin-turbo V12 engine, delivering 760hp and 900Nm of torque, paired with an eight-speed ZF automatic gearbox [9]. Group 4: Design Features - The DB4 GT Zagato Continuation is noted for its craftsmanship, taking 4,500 hours to build, and features period-correct gauges and luxurious interior materials [5][6]. - The DBS GT Zagato incorporates signature Zagato design elements, including a 'double-bubble' roof and advanced aerodynamics, making it a highly desirable model [8][11].
THE APEX AIR-COOLED RUF OF THE NINETIES: BROAD ARROW ADDS EXCEEDINGLY RARE RUF CTR 2 SPORT TO MONTEREY JET CENTER AUCTION
Globenewswire· 2025-07-16 17:00
Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to feature a collection of high-performance RUF and Porsche-based cars at the 2025 Monterey Jet Center Auction, with the highlight being a 1998 RUF CTR 2 Sport estimated between $3,000,000 and $3,500,000 [1][12] Group 1: RUF CTR 2 Sport Overview - The RUF CTR 2 Sport, unveiled in 1995, is a high-performance vehicle built on the Porsche 993 chassis, featuring a 3.6-liter twin-turbocharged engine producing 580 horsepower and 505 lb-ft of torque, achieving 0-60 mph in 3.6 seconds and a top speed of 217 mph [2][3] - Only 29 units of the CTR 2 were produced, with just 14 being the Sport variant, which is lighter, wider, and more powerful than the standard model [3][4] - The specific car being auctioned was ordered by Frank Beddor and is one of only four CTR 2 examples with all-wheel drive [4] Group 2: Auction Details - The auction will take place on August 13-14, 2025, featuring over 170 collector cars and is expected to attract thousands of collectors and enthusiasts [12] - Broad Arrow's previous Monterey auction in 2024 achieved a total of $71.5 million with an 85% sell-through rate, indicating strong demand in the collector car market [12] Group 3: Additional Offerings - Other notable cars in the auction include a 1991 Porsche 911 Reimagined by Singer DLS, estimated between $2,900,000 and $3,200,000, showcasing modern automotive art and performance [7] - The auction will also feature a 2011 RUF Rt Roadster, estimated between $900,000 and $1,200,000, and a 1987 Porsche 911 RUF Carrera 3.4 "Goldfinger," estimated between $850,000 and $1,100,000, highlighting the diversity and exclusivity of the offerings [19]
BROAD ARROW ANNOUNCES INAUGURAL LAS VEGAS AUCTION IN PARTNERSHIP WITH CONCOURS AT WYNN LAS VEGAS
Globenewswire· 2025-07-11 15:10
Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host The Las Vegas Auction on October 31, 2025, featuring approximately 70 collector cars, marking a significant event in the luxury auction calendar [1][2] - The auction is part of a broader partnership with Concours at Wynn Las Vegas, which will showcase over 250 unique automobiles from October 31 to November 2, 2025 [1][2] - This event is part of Broad Arrow's strategic expansion, with additional auctions planned in Belgium and Switzerland, highlighting the company's growth in both North America and Europe [2][3] Company Overview - Broad Arrow Auctions was founded in 2021 and has quickly established itself as a leading global collector car auction house, known for high-quality vehicles [8] - The company has achieved notable success in North America, with flagship auctions such as the Monterey Jet Center Auction generating $71.5 million in 2024 and the Amelia Auction achieving $61.7 million in 2025, both with high sell-through rates [3] - Broad Arrow has expanded its global footprint, recently launching its first European auction in partnership with BMW AG, achieving €31.2 million in total sales [3][8] Event Details - The Las Vegas Auction will be one of three live auctions conducted by Broad Arrow in October and November, emphasizing the company's commitment to expanding its auction presence [2][3] - The event is expected to attract significant client interest due to Las Vegas's reputation as a luxury destination and its proximity to collector car communities [2] - Initial consignments for the auction will be announced soon, inviting collectors to participate in this high-profile event [4]
Motorlux Announces Bespoke Hospitality and Curated Vehicle Displays for Monterey Car Week Premier
Prnewswire· 2025-07-09 23:21
Core Insights - Motorlux will return on August 13, 2025, to kick off Monterey Car Week, blending car culture, luxury aviation, and elevated hospitality [1] - The event will feature three Michelin-starred chefs and tastings from over 40 acclaimed regional wines, enhancing the culinary experience [1] Event Highlights - The opening night will include a fashion-show-inspired event at the Broad Arrow Monterey Jet Center Auction, providing early access to a premier collector car sale [2] - Motorlux will showcase immersive automotive exhibits with curated food and drink pairings [2] - The auction will feature approximately 150 collector cars, with highlights including a 1962 Shelby 260 Cobra estimated at $1.5M to $2.0M and a 1991 Ferrari F40 estimated at $3.4M to $3.7M [3] Charitable Contributions - Motorlux supports the CHP 11-99 Foundation, aiding California Highway Patrol families in crisis, and benefits the Navy Postgraduate School Foundation [4] Company Background - Motorlux is organized by Hagerty, an automotive enthusiast brand focused on preserving car culture and providing specialty vehicle insurance, car valuation data, and auction services [5][6] - Hagerty operates in the U.S., Canada, and the U.K., serving a community of nearly 890,000 car enthusiasts [6][8] Special Exhibitions - The event will feature displays celebrating Porsche, Ford Mustang's 60th anniversary, a showcase of cars capable of reaching 200 mph, and a tribute to Mercedes-Benz designer Bruno Sacco [7]
BROAD ARROW ADDS THE FOURTH SHELBY COBRA EVER BUILT, CSX 2003, TO MONTEREY JET CENTER AUCTION
Globenewswire· 2025-06-20 15:18
Core Insights - Broad Arrow Auctions will present the 1962 Shelby Cobra, CSX 2003, at the Monterey Jet Center Auction on August 13-14, 2025, highlighting its significance as one of the earliest and most preserved Cobras available for decades [1][2][11] - The auction will also feature modern American automotive legends, including a 2011 Hennessey Venom GT and a collection of limited-edition Dodge Vipers, showcasing a blend of historical and contemporary automotive excellence [1][12] Auction Details - The 1962 Shelby Cobra, CSX 2003, is estimated to sell for between $1,500,000 and $2,000,000, and is presented in its original configuration with its original engine and transmission [11] - The 2011 Hennessey Venom GT is estimated to sell for $350,000 to $450,000, and is one of only 13 units produced, featuring a supercharged 6.2-liter LS9 V8 engine [12][13] Historical Significance - CSX 2003 is one of the only original prototypes known to exist today, completed at Ed Hugus' dealership and played a crucial role in the launch of the Shelby Cobra [2][4][3] - The car has a rich history, including being showcased at the 12 Hours of Sebring in 1963 and having been owned by Richard "Doc" McAdam for 36 years, who maintained its exceptional condition [5][8] Collector Appeal - The auction is expected to attract a wide range of collectors and enthusiasts, with Broad Arrow Auctions having a successful track record, including a previous auction that totaled $71.5 million with an 85% sell-through rate [20] - The American Performance Collection features six high-performance vehicles, representing over 4,000 horsepower, appealing to the next generation of car collectors [15][16]
BROAD ARROW ADDS ZÜRICH AUCTION AT THE DOLDER GRAND HOTEL TO ITS GROWING GLOBAL CALENDAR
Globenewswire· 2025-06-10 08:05
Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to launch The Zürich Auction on November 1, 2025, in partnership with Auto Zürich, featuring approximately 60 exceptional collector cars [1][2][3] Company Overview - Broad Arrow Auctions is a leading global collector car auction house, founded in 2021, and has rapidly expanded its presence in Europe [6] - The company has recently achieved significant success in its European auctions, including a record €31.2 million in sales at the Concorso d'Eleganza Villa d'Este auction [4] Industry Context - Auto Zürich, established in 1987, is recognized as one of the most successful motor shows in Europe, attracting tens of thousands of visitors and showcasing a wide variety of automobile brands [3][7] - The Dolder Grand, a prestigious five-star hotel in Zürich, will host The Zürich Auction, enhancing the event's appeal to collectors and enthusiasts [2][4] Strategic Partnerships - The collaboration between Broad Arrow Auctions and Auto Zürich aims to create a premier collector car auction experience in Europe, capitalizing on Switzerland's strong collector car market [3][4] - The partnership is expected to attract renowned collectors to Zürich, further solidifying the city's reputation in the classic and sports car community [4]