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BROAD ARROW EXCEEDS $624 MILLION IN TOTAL TRANSACTIONS ACROSS AUCTIONS, PRIVATE SALES, AND FINANCING IN 2025
Globenewswire· 2025-12-18 18:15
Core Insights - Broad Arrow, a Hagerty company, reported a total transaction value of over $624 million in 2025, marking a 97% increase from $316 million in 2024 [1][2]. Auction Performance - Broad Arrow Auctions achieved total sales of $257 million across eight live auctions and two online memorabilia auctions in 2025, with an 88% sell-through rate for 949 lots sold [3][8]. - The company set 11 world record auction prices and attracted bidders from 52 countries, with significant growth in registered bidders, particularly in Europe [3][9]. Private Sales - Broad Arrow's Private Sales business generated over $281 million in transaction value across 190 transactions, surpassing auction totals for the first time, with an average transaction value of approximately $1.48 million [14][8]. - Notable sales included a 1995 McLaren F1 and a 2019 Ferrari FXX-K Evo, highlighting the company's expertise in high-value collector cars [15][16]. Financing Capabilities - Broad Arrow Capital facilitated over $85 million in new financing transactions in 2025, supporting clients in the U.S., U.K., and Europe [17][8]. Future Outlook - The company plans to expand its auction calendar in 2026 with new online sales and live events, including the flagship Amelia Auction scheduled for March 2026 [18][19].
RECORD-SETTING $2.2 MILLION BUGATTI VEYRON LEADS BROAD ARROW'S INAUGURAL LAS VEGAS AUCTION
Globenewswire· 2025-11-03 18:48
Core Insights - Broad Arrow Auctions, a Hagerty company, successfully held its inaugural Las Vegas Auction on October 31, 2025, at Wynn Las Vegas, achieving a total sales figure of $13,716,840 with 82% of lots sold [2][4] Auction Performance - The auction featured a strong attendance, with over one third of bidders participating for the first time [2] - The highlight of the auction was the sale of a 2010 Bugatti Veyron EB 16.4 Coupe, which sold for $2,205,000, setting a new world record for a standard Veyron at auction [3][4] - Other notable sales included a 1962 Mercedes-Benz 300 SL Roadster for $1,831,000 and a 1965 Aston Martin DB5 Vantage for $1,116,000, both exceeding their pre-sale estimates [4][5] Market Trends - The auction results indicate a growing demand for original, unmodified supercars, particularly the Bugatti Veyron, which has seen increased interest over the past year [4] - Classic cars continue to attract discerning collectors, as evidenced by the strong performance of post-War classics at the auction [4][5] Future Outlook - Broad Arrow Auctions plans to expand its global footprint, with intentions to bring the auction experience to new regions in 2026 [6] - The company is set to release a recap of its 2025 auctions and private sales in December, along with announcements for upcoming auctions in 2026 [8]
BROAD ARROW ZÜRICH AUCTION CATALOGUE FEATURES EXCEPTIONAL COLLECTOR CARS WITH VALUED SWISS PROVENANCE
Globenewswire· 2025-10-15 15:00
Core Insights - Broad Arrow Auctions, a Hagerty company, is set to hold its inaugural Zürich Auction featuring over 60 collectible cars with notable Swiss provenance [1][2][4] Auction Details - The auction will take place on November 1, 2025, at the Dolder Grand Hotel, coinciding with the Auto Zürich motor show [2] - Bidders can register for in-person, telephone, or online participation [13] Featured Cars - The auction includes a 1966 Ferrari 275 GTB Alloy, estimated between CHF 2,200,000 and CHF 2,600,000, known for its lightweight alloy body and continuous Swiss ownership [5] - A 1956 Jaguar D-Type, estimated at CHF 5,250,000 to CHF 6,250,000, is notable for never having been used in competitive motorsport [6] - The 2020 Bugatti Chiron Sport, with an estimate of CHF 2,900,000 to CHF 3,200,000, has only 11,000 km on the odometer and is capable of reaching 420 km/h [7] - A unique 1991 Isdera Sbarro Espera Turbo S20E, estimated between CHF 140,000 and CHF 230,000, is highlighted for its Swiss pedigree and design by Franco Sbarro [4] Company Background - Broad Arrow Auctions is recognized as a leading global collector car auction house, having rapidly expanded since its founding in 2021 [15] - The company has established itself as the fastest-growing auction house in its segment, with flagship events in the U.S. and recent expansions into Europe [15][16]