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BROAD ARROW ANNOUNCES, “GLOBAL ICONS,” AN ONLINE COLLECTOR CAR AND MEMORABILIA SALE SCHEDULED FOR JANUARY 2026
Globenewswire· 2025-11-20 09:30
Core Insights - Broad Arrow Auctions, a Hagerty company, is launching a new online auction series called Global Icons in January 2026, featuring collector cars and motorsport memorabilia [1][2] Auction Format and Offerings - Global Icons will consist of three parts: two online collector car auctions (Global Icons: Europe Online and Global Icons: UK Online) and an online memorabilia auction (Global Icons: Memorabilia Online) [1][2] - The auctions will feature a diverse selection of high-quality pre-war, post-war, and modern collector cars, with a focus on 'iconic' vehicles that hold historical significance [2][3] Featured Lots - A notable early consignment for the auctions includes a 1971 Lamborghini Miura P400 S, estimated between €1.600 million and €1.800 million, which has a rich history and has been carefully restored [3][4] Memorabilia Offerings - The memorabilia auction will include approximately 100 lots, featuring items associated with legendary drivers such as Ayrton Senna and Michael Schumacher [5] Auction Timeline - Bidding for the auctions will open on January 23, 2026, with the Europe and UK Online auctions closing on January 30, and the Memorabilia Online auction closing on February 1 [6] In-Person Previews - Broad Arrow will host in-person previews of many auction lots at various locations across Europe and at its UK headquarters, enhancing the auction experience for bidders [7] Consignment Information - Interested consignors are invited to connect with Broad Arrow for consignment opportunities, with buyer's premiums set at 10% for collector vehicles and 25% for memorabilia [8]
RB (RBA) - 2025 Q3 - Earnings Call Presentation
2025-11-06 21:30
Third Quarter 2025 © 2025 RB Global, Inc. | All Rights Reserved Forward-Looking Statements Forward-Looking Statements: Certain statements contained in this presentation include "forward-looking statements" within the meaning of U.S. federal securities laws and "forward-looking information" within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular statements relating to future financial and operational results, opport ...
BROAD ARROW’S INAUGURAL ZÜRICH AUCTION ACHIEVES OVER CHF 22M WITH 87 PERCENT SELL-THROUGH RATE
Globenewswire· 2025-11-04 09:30
Core Insights - Broad Arrow Auctions, a Hagerty company, successfully held its inaugural Zürich Auction, achieving total sales exceeding CHF 22 million with 87% of lots sold [2][3][11] Auction Highlights - The top-selling vehicle was a 1956 Jaguar D-Type, XKD 551, which sold for CHF 5'181'250, notable for its originality and eligibility for premier historic events [3][19] - A 2024 Aston Martin Valkyrie Spider was sold for CHF 2'706'250, marking a successful month for Broad Arrow with both Coupe and Spider versions sold at auction [4][19] - A 1952 Ferrari 212 Europa Pinin Farina Coupe, originally owned by actress Ingrid Bergman, fetched CHF 816'250, highlighting its historical significance [5][19] Popular Models and Bidding Activity - Iconic Ferrari models were highly sought after, with a 1966 Ferrari 275 GTB Alloy selling for CHF 2'312'500 and a 2023 Ferrari 812 Competizione A for CHF 1'525'000 [6][19] - The auction featured competitive bidding for a 2015 Porsche 918 Spyder, which sold for CHF 1'418'125, reflecting the strong interest in Porsche models among Swiss collectors [7][19] Event Atmosphere and Participation - The auction took place at the luxurious Dolder Grand hotel, attracting registered bidders from 24 countries, creating an exciting atmosphere for collectors [2][3][11] - Broad Arrow's VP of Sales for EMEA Region, Joe Twyman, emphasized the success of the auction as a fitting conclusion to their 2025 European auction calendar [3][11]
BROAD ARROW'S INAUGURAL ZÜRICH AUCTION ACHIEVES OVER CHF 22M WITH 87 PERCENT SELL-THROUGH RATE
Globenewswire· 2025-11-04 09:30
Core Insights - Broad Arrow Auctions, a Hagerty company, successfully held its inaugural Zürich Auction on November 1, 2025, achieving total sales of over CHF 22 million with 87% of lots sold [2][3][10] Auction Highlights - The auction featured over 60 collector cars, including a 1956 Jaguar D-Type sold for CHF 5'181'250, a 2024 Aston Martin Valkyrie Spider sold for CHF 2'706'250, and a 1966 Ferrari 275 GTB Alloy sold for CHF 2'312'500 [3][4][16] - Iconic models from Ferrari and Lamborghini were particularly popular, with a 1952 Ferrari 212 Europa Pinin Farina Coupe selling for CHF 816'250 and a 2010 Lamborghini Reventón Roadster selling for CHF 1'356'250 [5][6][16] Market Trends - The auction demonstrated a strong interest in both classic and modern collector cars, appealing to a multi-generational audience of enthusiasts [8][10] - The event was held in partnership with Auto Zürich, indicating a strategic collaboration to enhance visibility and engagement within the collector car market [10] Future Outlook - Broad Arrow Auctions plans to continue its partnership with Auto Zürich into 2026, aiming to attract both new and returning clients [10]
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 successfully held its inaugural Las Vegas Auction on October 31, 2025, achieving a total sales amount of $13.7 million with an impressive 82% sell-through rate [1][2][4] Auction Performance - The auction featured a total sales figure of $13,716,840, with 82% of the lots sold, indicating strong demand and participation [2] - More than one third of the bidders were first-time participants in a Broad Arrow auction, showcasing the auction's ability to attract new collectors [2] Notable Sales - 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, surpassing its pre-sale estimate of $1.5 million to $1.8 million [3][6] - Other significant sales included a 1962 Mercedes-Benz 300 SL Roadster, which sold for $1,831,000 (estimate: $1.45 million to $1.6 million) and a 1965 Aston Martin DB5 Vantage, which fetched $1,116,000 (estimate: $850,000 to $1 million) [4][6] Market Trends - The auction results reflect a growing market demand for original, unmodified supercars, particularly the Bugatti Veyron, which has seen increased interest over the past year [4] - Classic cars, especially best-of-category examples, 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 and bring its auction experience to new regions in 2026, following the success of its Las Vegas event [6]
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]
INAUGURAL ZOUTE AUCTION ACHIEVES OVER €26M IN TOTAL SALES AND 78 PERCENT SELL-THROUGH RATE
Globenewswire· 2025-10-14 16:00
Core Insights - Broad Arrow Auctions, a Hagerty company, successfully held its inaugural Zoute Concours Auction on October 10, 2025, in Knokke-Heist, Belgium, attracting a vibrant crowd of collectors and achieving total sales of €26,293,150 with 78% of lots sold [1][2][7] Auction Highlights - The auction featured highly sought-after classic and modern collector cars, with 445 registered bidders, 39% of whom were from Belgium, Luxembourg, and the Netherlands [2] - Notable sales included a 1967 Ferrari 275 GTB/4 for €3,015,625, a 2023 Aston Martin Valkyrie for €2,284,375, and a Lamborghini Pregunta concept car for €2,143,750 [3][4][13] - Pre-war vintage cars also garnered attention, with a 1938 Frazer-Nash TT Replica selling for €264,500 and a 1930 Alfa Romeo 6C 1750 achieving €184,000 [5] Future Events - Broad Arrow Auctions plans to host its next auction in Las Vegas on October 31, 2025, featuring over 70 exceptional collector cars [8] - The upcoming Zürich auction will take place at The Dolder Grand on November 1, 2025, as part of the Auto Zürich event, showcasing approximately 60 highly desirable collector cars [9][10]
BCA LCV average values rise in September 2025
Yahoo Finance· 2025-10-09 13:27
Core Insights - British Car Auctions (BCA) reported an increase in average values of light commercial vehicles (LCVs) in September 2025, with the average selling price reaching £8,460 ($11,338), marking a month-on-month increase of 7.2% and a year-on-year rise of 13.6% [1][2] - The month saw the sale of over 9,000 LCVs, the largest monthly volume since early 2025, contributing to the average used LCV value surpassing £8,000 for the first time in 2025, which is over 104% of initial price guide expectations [2][4] - BCA's COO, Stuart Pearson, noted an increase in buyer engagement, with 2,600 unique buyers in September, leading to a 3% rise in performance against guide price expectations, the highest for the year [1][3] Market Trends - The used LCV market is compensating for a 2.1% decline in new LCV sales year-on-year in September, as reported by the Society of Motor Manufacturers & Traders [4] - There is a notable increase in values for good condition, sensible mileage vehicles, while there is also renewed interest in higher mileage, older vehicles, provided their condition is acceptable [4] - The average value of LCVs at BCA in August 2025 was £7,892, reflecting an increase of £955 from the same period the previous year [5]
COLLECTION OF COVETED SUPERCARS LEADS FINAL ENTRIES FOR BROAD ARROW'S INAUGURAL ZOUTE CONCOURS AUCTION
Globenewswire· 2025-09-18 17:28
Core Insights - Broad Arrow Auctions, a Hagerty company, is set to host its inaugural Zoute Concours Auction featuring over 75 collector cars and memorabilia, generating significant excitement in the car collecting community [5][12]. Auction Highlights - The auction will take place on October 10, 2025, at Approach Golf in Knokke-Heist, in collaboration with Zoute Grand Prix Car Week [4][12]. - The catalogue includes notable collections such as The Aleggria Collection, featuring rare models like the 1990 Ferrari F40, 1987 Porsche 959 Komfort, and 1992 Bugatti EB110 GT [2][6][7]. Featured Cars - Daniel Ricciardo's Aston Martin Valkyrie is estimated between €2.4 million and €2.8 million, showcasing unique specifications and a low mileage of 160 km [6][8]. - The 1990 Ferrari F40 is estimated at €3 million to €3.2 million, recognized for its original condition and low mileage of just over 10,000 km [7]. - The 1987 Porsche 959 Komfort, one of only 266 models, is estimated at €1.7 million to €1.9 million, finished in a rare Graphite Metallic [7]. Motorsport Stars - The auction features historically significant motorsport cars, including the 1976 24 Hours of Spa-winning BMW 3.0 CSL and a Group B Citroën BX 4TC with only 190 km from new [10][11]. Additional Offerings - 26 collector cars will be offered without reserve, including a 1967 Ferrari 275 GTB/4 and a 2015 Bugatti Veyron 16.4 Grand Sport Vitesse 'Transformers' [11]. - The auction aims to cater to both new and established collectors, presenting a diverse range of desirable automobiles [5][12].
BCA expands Scottish presence with Livingston investment project
Yahoo Finance· 2025-09-17 13:50
Core Insights - British Car Auctions (BCA) has completed a significant investment project at its Livingston facility in Scotland to improve efficiency, safety, and customer experience [1][5] - The enhancements have led to shorter processing times and increased capacity, along with elevated safety standards for employees and visitors [1][3] Investment and Development - The investment is part of BCA's ongoing development in Scotland, which has experienced increased activity over the past 18 months [2] - A key feature of the redevelopment is the AutosOnShow Fast Flow image solution, producing 8K images for online vehicle listings [2] Facility Improvements - The Livingston site now features a complete workshop for cosmetic and mechanical refurbishments, integrated with existing automated systems [3] - A new click-and-collect service has been introduced to expedite vehicle collection, reducing wait times and enhancing service efficiency [3] Strategic Positioning - BCA's UK chief operating officer highlighted the company's strategic location with four centers in Scotland, enhancing its logistics capabilities for remarketing solutions [4] - The investment responds to rising customer demand and aims to deliver exceptional service for both sellers and buyers [5] Market Performance - BCA reported an increase in the average light commercial vehicle (LCV) auction value to £7,892 ($10,768) in August 2025, a £955 increase from the previous year [5] - The market performance against guide price expectations improved by two percentage points to 107.6% [6]