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BROAD ARROW CELEBRATES SUCCESS OF ITS GLOBAL ICONS: ONLINE AUCTION SERIES
Globenewswire· 2026-02-03 08:30
Core Insights - Broad Arrow Auctions, a Hagerty company, successfully conducted its Global Icons: Online auction series, generating over €18.3 million with 90% of lots sold, attracting nearly 800 bidders from 35 countries [1][11] Auction Highlights - The standout item was the 1992 Benetton B192-05, sold for €5.082 million, marking its first public sale [2][3] - A 2003 Ferrari 360 Challenge Stradale set a European auction record for the model, selling for €561,000, exceeding its upper estimate [3] - Other notable sales included a 1971 Lamborghini Miura P400 S for €1.716 million and a 1986 Lamborghini Countach 5000 QV for €792,000 [5][17] Memorabilia Sales - The memorabilia auction featured items related to Ayrton Senna, with a replica helmet selling for €55,625 and a rear wheel from his 1990 McLaren selling for €33,750 [8][9] Future Events - Following the success of the Global Icons: Online auction series, the company is preparing for The Amelia Auction on March 6-7, 2026, and the next European auction in May at Concorso d'Eleganza Villa d'Este [11]
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]