1948 FERRARI 166 SPYDER CORSA SETS NEW AUCTION RECORD AT BROAD ARROW'S INAUGURAL CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION SELLING FOR €7.54 MILLION
The packed sales room at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction at Villa Erba
The top-selling Ferrari 166 Spyder Corsa on display at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction preview
LONDON, England, May 27, 2025 (GLOBE NEWSWIRE) --
Broad Arrow celebrates Concorso d'Eleganza Villa d'Este Auction, its first European sale
78% of lots sold achieving total sales value of €31,172,625
1948 Ferrari 166 Spyder Corsa sold for €7,543,750 – a new auction record for a Ferrari 166
Another auction record was broken as an outstanding 2003 Honda NSX-R sold for €934,375
BMW-only sale saw a stunning 1980 BMW M1 built to Procar specification sell for €602,500
A full list of auction results can be viewed here, and high-resolution images here
The next Broad Arrow sale takes place at the Monterey Jet Center, 13-14 August 2025
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is celebrating the success of its first European sale as the official auction partner of BMW AG after presenting over 70 of the world's finest cars, boats and motorcycles at the prestigious Concorso d'Eleganza Villa D'Este.
Two vibrant sales, held on Saturday May 24th and Sunday May 25th in the Rotunda at Villa Erba, saw packed sales rooms and an atmosphere charged with excitement. Both auctions, also watched live by over 8,000 viewers on the Broad Arrow YouTube channel, achieved €31,172,625 in total sales, with 78 percent of all lots sold. Note, these figures include three lots sold within hours of the live auction ending.
'Our Concorso d'Eleganza Villa d'Este auction has been a resounding success,' says Joe Twyman, VP of Sales for Broad Arrow's EMEA Region. 'The opportunity to present such a spectacular collection of the world's most desirable cars on the shores of Lake Como at the world famous Concorso was a great way to launch our first European sale.'
Star of the Sunday sale was a 1948 Ferrari 166 Spyder Corsa, quite possibly the most original early Ferrari extant, which sold for an auction record price of €7,543,750. Never before offered publicly for sale, it is one of two 166 Spyder Corsa models commissioned by one of Ferrari's earliest customers. It has received awards at multiple prestigious shows and has competed in some of the greatest events, including the Mille Miglia and Targa Florio. The room was captivated by fast and competitive telephone bidding as two potential buyers fought for the chance to own this very special piece of Ferrari history.
The last of just 33 Motto-bodied Siata 208S Spiders, from 1954, was another highlight, with strong interest from bidders attracted by its beautiful style and remarkable provenance to achieve a sale price of €1,750,000.
Broad Arrow also presented a number of very special modern classic cars, including a spectacular 2003 Honda NSX-R. With just 15,800 kilometres, the Championship White, lightweight supercar attracted attention from around the world with bidders from the UK, Australia, Argentina, South Africa, and the US competing to own this rare supercar. Another electrifying sale saw a final bid duel lead to a world auction record-winning bid of €934,375.
Other modern classic highlights saw an outstanding 1989 Ferrari F40 Competizione attract a winning bid of €2,312,500 and a a 2023 Ford GT sell for €613,750.
To further demonstrate the broad range of enthusiast vehicles offered, a 1990 Ducati 851 F90 Corsa, owned by John Surtees but never ridden, tempted many bidders and sold for €81,250.
Broad Arrow also held a dedicated BMW-only sale, featuring cars from private collectors, on Saturday evening which produced equally impressive results. Featuring some of the most highly collectible models from the German marque, hosts of the Concorso d'Eleganza Villa d'Este, an outrageously beautiful 1980 BMW M1, enhanced to Procar specification by BMW Motorsport, took the spotlight. Causing a stir in the sale room it sold for an impressive €602,500.
'Not only did we achieve remarkable sales for some of the world's most collectible models, but collectors were clearly excited by the carefully curated selection of cars we presented,' says Twyman. 'We are extremely proud to have achieved such strong results, and a number of auction record sale prices, at our first European auction, and I now look forward to expanding Broad Arrow's European sale calendar throughout 2025.'
Kenneth Ahn, President of Broad Arrow, added, "First and foremost, thank you to everyone for the tremendous interest and support for our very first auction in Europe, held on the stunning shores of Lake Como. By all accounts, it was an incredible success. We're also deeply grateful to our wonderful partner, BMW AG, and the Concorso d'Eleganza Villa d'Este. We look forward to welcoming even more car enthusiasts and industry friends as we continue to grow our presence in Europe."
Broad Arrow Auctions Concorso d'Eleganza Villa d'Este 2025 - Top 10 Sales
1. 1948 Ferrari 166 Spyder Corsa by Ansaloni - €7,543,750
2. 1938 Talbot Lago T150 C Lago Speciale Teardrop Coupe by Figoni et Falaschi - €3,606,250
3. 1989 Ferrari F40 Competitzione - €2,312,500
4. 1954 Siata 208S Motto Spider - €1,750,000
5. 1965 Ferrari 275 GTS - €1,525,000
6. 2006 Porsche Carrera GT – Sold Ahead of Auction
7. 1957 Mercedes-Benz 300 SL Roadster - €1,007,500
8. 2003 Honda NSX-R - €934,375
9. 2023 Ford GT - €613,750
10. 1980 BMW M1 - €602,500
The next auction on the Broad Arrow calendar is Monterey Jet Center, California on 13-14 August 2025, held in conjunction with Motorlux.
Interviews and further information available on request.
NOTE: All prices are listed in Euros and include buyer's premium, which is equal to the sum of fifteen percent (15%) plus VAT of the first €250,000 of the Hammer Price 12.5% plus VAT of the amount by which the Hammer Price exceeds €250,000 for all motor car lots. For non-motor car lots, Buyer's Premium is equal to twenty-five (25) percent of the Hammer Price.
Event images by Tom Clutterbuck.
Ends.
Editors Notes
About Broad Arrow Auctions
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow's flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d'Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow is launching its first auction in Europe in May 2025 as the new official auction house of the Concorso d'Eleganza Villa d'Este in Italy. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.
About Hagerty, Inc. (NYSE: HGTY)
Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can't get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn.
Forward-Looking Statements - This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forward-looking statements include: (i) our ability to recognise the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission ('SEC') on March 14, 2023. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for future periods. We do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.
Attachments
The packed sales room at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction at Villa Erba
The top-selling Ferrari 166 Spyder Corsa on display at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction preview
CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@hagerty.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Hims & Hers and Zava, Credo earnings, Kenvue: Trending Tickers
Hims & Hers Health (HIMS) announced it will be acquiring European telehealth platform Zava in an all-cash deal. The stock is falling ahead of Tuesday's market close. Credo Technology (CRDO) shares surge after beating fiscal fourth quarter earnings and revenue estimates. Kenvue (KVUE) shares move to the downside after CEO Tebow Mongeau pointed to certain seasonal challenges this summer at a conference. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. It's time for today's trending tickers. We're watching Hims and Hers Health, Credo Technology, both on the up and up today, as well as Kenvue, which is going in the upper other direction. Starting off with Hims, it's having a rocky day today despite announcements that the company would be acquiring Zava, a European health platform. Him's stock hit some gains when trading opened, but then we saw it turning lower as the morning progressed, so the stock right now down by more than 3%. Most of the analysts have been pretty positive on this one. I did see an interesting note from Allen Letz over at Bank of America, which has an underperform on the stock, and they said, you know, mixed reaction to this. They said this is positive here, but on the negative side, they say if you look at other US healthcare tech companies that have moved into Europe, it hasn't worked out so well. Yeah, I see analysts at uh quoting saying, "On paper, the tie-up makes sense," because they're talking about how Zava offers the same products and services that Hims currently does, also some uh some areas that are on its growth roadmap that call for example, hormone replacement therapy, but they they do see some execution and integration risks. They do call the stock, by the way, they've been on a move already. Something like 100% this year. Yeah, it's been on fire. On fire. All right, Credo Technology. Let's check out that one as well. It's going in the opposite today after the company reported a 400% increase in earnings and 180% increase in sales on a year-to-year basis, leading to huge stock market gains for Credo. So revenue for the fourth quarter, I did see that beat estimates. Revenue was 170 million. It looks like consensus was close to around 160. I see Barclays is saying this is the company's second material beat and raise. Uh this one features, they noted, three large customers versus Amazon alone. Says it's a rare combination of small scale with big tech. Barclays is a buy. By the way, so is buy, so is every single analyst on the street. All 13 buys. Wow! Yeah. A lot of excitement around this company. So networking company, the CEO on the conference call saying, um I think all of the hyperscalers have the potential to be a 10% customer long term. Now, right now, according to Needham estimates, Microsoft accounts for about 12%, XAI accounts for about 11%, um Amazon, it's very reliant on Amazon, 61% of its business last quarter. So I guess if they get less reliant on one client and sort of ever all of these huge hyperscalers are each spending at least 10% with them, I guess analysts think that's a pretty good place to be. And plenty do. It is one of the places to be. Yeah. Seems that way. And let's look at Kenvue. Those shares are seeing some losses after the company CEO, Thibaut Mongon expressed seasonal demand is behind last year's for the company. It's even behind the company's own expectations. He made some comments at a um at a conference today. He said, "It's not a great year so far for allergy and the sun category is more or less the same." By the way, Kenvue, it's not known under its brand name, but it is, if you remember, it spun off in 2023 from Johnson & Johnson. So it has like the consumer-facing brands that had been under J&J. Yeah, consumer products company. Yeah. So this is, they make this presentation, um and the CEO apparently, so he warns about the seasonal demand, as you said, he's uh talked about being behind last year, its own expectations. I mean, not surprisingly, investors reacting. He says, "Not a great year so far for allergy." Uh the sun category more or less the same. On the consumer, making some comments there that were interesting. You're always looking for, you know, what executives are saying and any kind of line of sight you can have into the consumer. Uh this CEO saying, "We definitely see the consumer continuing to be under pressure, regardless of the geography, for slightly different reasons." Interesting. I mean, all of that said, the stock is up about 4% this year. It's up about 15% over the past year. Um most analysts have holds on this thing. There are 15 holds and four buys. As I mentioned, it spun off from J&J back in August of 2023. Kenvue shares are down about round 6% since then. It's interesting. Johnson & Johnson shares are about down about the same amount. So it's not as though the spin-off, you know, caused either one of them to outperform the other.
Yahoo
11 minutes ago
- Yahoo
Ataccama ONE available on Snowflake Marketplace, integrates Document AI
Organizations can extract, structure, govern, and monitor the quality of unstructured data at scale to make more of their information usable for trusted analytics, AI, and business innovation BOSTON, June 03, 2025 (GLOBE NEWSWIRE) -- Ataccama, the data trust company, today announced at Snowflake's annual user conference, Snowflake Summit 2025, the availability of its unified data trust platform, Ataccama ONE, on Snowflake Marketplace. The launch includes an integration with Document AI, enabling enterprises to turn unstructured content, such as contracts, invoices, and PDFs, into structured data by running models directly within Snowflake. According to IDC, unstructured data now makes up the majority of enterprise information and is growing by over 55% each year. Yet much of it remains siloed, unmanaged, and difficult to operationalize. 95% of businesses struggle to manage their unstructured data, and more than half report it as the most difficult type of information to govern. Most organizations still do not know what is hidden within their unstructured data. This blind spot creates operational risk and undermines the value of AI. As enterprises increasingly use unstructured data to power large language models and retrieval-augmented generation (RAG) applications, managing the quality of that data has become critical to building trusted and reliable AI. Ataccama ONE and Document AI allow organizations to unlock value from unstructured information. Enterprises can turn documents into structured records by using natural language prompts, such as 'What is the effective date of the contract?', which are processed by Snowflake's Arctic-TILT large language model to create structured outputs written directly into Snowflake tables. Ataccama ONE connects to these tables to profile the data, apply quality checks, and manage governance policies on the structured outputs. It also tracks how the data flows into analytics, reporting, and AI workflows by capturing lineage at the table level. Additional metadata about the original documents can be added to enrich traceability if needed. This reduces manual work, strengthens trust in the data, and enables repeatable, reliable workflows across the business. 'Unstructured data is an untapped data source as real business context lives there, but it's also the hardest to govern,' said Sam Wong, Senior Director of Data & AI of a global beverage company. 'Documents, contracts, and communications contain the terms, conditions, and risks that structured systems miss. Without a way to extract, validate, and manage that information at scale, AI lacks the foundation it needs to be reliable. With Ataccama ONE and Document AI inside Snowflake, organizations can turn thousands of documents into trusted, structured data. That will give us improved analytics, enhanced data quality, and a better foundation for powerful and trustworthy AI.' 'Unstructured data remains a black box for most organizations, even as it becomes critical for AI and business operations,' said Jay Limburn, Chief Product Officer at Ataccama. 'Without a way to structure, govern, and trust that information, enterprises risk missing the full value of their data. Ataccama ONE combines data quality, governance, observability, lineage, and master data management in a single platform and now extends those capabilities to unstructured content. This allows organizations to improve trust and confidence in all their data, structured and unstructured alike, and build a stronger foundation for AI, analytics, and operational decision-making.' The integration allows users to: Extract structured data using natural language. Teams can specify the information they want to pull, such as 'What is the payment term?', and quickly transform unstructured documents into structured outputs without custom coding. Make extracted data immediately usable for reporting, analytics, and AI. Outputs are written directly to Snowflake tables and are ready for use across BI tools, operational dashboards, and AI model pipelines without requiring additional transformation. Continuously monitor the quality of unstructured data. Ataccama ONE applies automated profiling and rule-based validation to ensure extracted fields meet enterprise standards, helping teams detect inconsistencies and manage risk early. Scale and standardize document processing across teams. Document AI models can be trained and reused in Snowsight, enabling consistent extraction across contracts, invoices, policies, and other document types at scale. Eliminate data movement and simplify governance. All processing, validation, and governance workflows run natively within Snowflake, reducing integration complexity, improving security, and accelerating time to value. 'Ataccama's presence on Snowflake Marketplace reinforces the value of our integrated platform approach that allows our partners to bring their innovative solutions to market within the Snowflake environment,' said Kieran Kennedy, VP, Data Cloud Products at Snowflake. 'With this solution, joint customers have the power to streamline document extraction, ensure data quality, and accelerate insight delivery, all within a governed and scalable environment.' Read the blog 'From black box to business asset: Solving the unstructured data challenge with Ataccama and Snowflake Document AI.' About Ataccama Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2025 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at Media contact press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 minutes ago
- Yahoo
Man United and Everton Considering Move to Sign £40m Former Premier League Striker
Mitrovic Move Back to England? Premier League Clubs Circle Al Hilal Ready to Offload Proven Striker Aleksandar Mitrovic, once a bruising force in the Premier League, could be set for a dramatic return to English football. As reported by talkSPORT, Al Hilal are willing to sell or loan the Serbia international this summer, with Premier League sides West Ham and Everton keeping close tabs. Advertisement After scoring 68 goals in 79 games since his £50 million move from Fulham in 2023, Mitrovic's impact in Saudi Arabia is undeniable. But with Al Hilal shifting focus towards marquee signings ahead of the Club World Cup, the striker may become a casualty of foreign player quota limits. 'A return back to the Premier League for Mitrovic is possible with West Ham and Everton both monitoring the situation,' talkSPORT reports. Photo IMAGO United and Milan Monitoring Situation Manchester United's interest has resurfaced following their failed attempt to sign Liam Delap, who looks set to join Chelsea for £30 million. As per talkSPORT, 'Manchester United are also considering a move after missing out on Liam Delap to Chelsea.' Advertisement While Sporting Lisbon's Viktor Gyokeres remains United's top target, his stance is unclear with the Red Devils missing out on European football. Financial constraints also play a role. United must sell before buying, making Mitrovic, reportedly available for £40 million and willing to accept a pay cut, a pragmatic alternative. Meanwhile, AC Milan have also enquired about the 30-year-old forward. 'AC Milan are the latest club to make an enquiry for the 30-year-old,' the article states. The Rossoneri's search for a traditional No. 9 could gather pace under their latest tactical evolution. Saudi Market Evolution Underway Mitrovic's uncertain future is part of a broader movement within the Saudi Pro League. Al Hilal, who are courting Napoli's Victor Osimhen and continue to be linked, however loosely, with Cristiano Ronaldo for a Club World Cup loan, are working hard to refine their foreign contingent. Advertisement Mitrovic's representatives will meet Al Hilal officials this week to discuss options, while central Saudi dealmakers aim to prove that exits can be as strategic as big-name arrivals. 'Saudi officials don't view these exits as players jumping ship,' talkSPORT notes. 'They plan for periodic squad refreshes and believe several names purchased have either protected their value or increased it.' The departure of Gabri Veiga to Porto is one such example of this shift in tone and structure. Source: IMAGO Premier League Clubs Face a Test of Ambition Despite no formal bids yet, Al Hilal are prepared to engage with interested parties once a replacement is secured. Mitrovic may not be everyone's ideal marquee name, but he remains a proven scorer, Premier League-hardened, and seemingly eager for another challenge in England. Advertisement For Everton, the appeal is obvious: firepower at a fair price. For United, it's about depth, goals, and presence — particularly if the summer market proves unforgiving. Whether either club is brave enough to move quickly remains to be seen. Our View – EPL Index Analysis For Manchester United fans, the idea of signing Mitrovic brings mixed emotions. On the one hand, he's not the glamorous solution many fans dream of. But on the other, he might be exactly what United need right now — a physical, aggressive striker who knows the league and scores goals. He's no Viktor Gyokeres, but Gyokeres likely won't come without Champions League football. At £40 million, Mitrovic could provide United with reliable short-term output, especially if Højlund continues to blow hot and cold. A pay cut adds further credibility to the move. Advertisement For Everton, this is a chance they must seize. With Dominic Calvert-Lewin's inconsistency and injury concerns, Mitrovic would bring muscle, experience and a genuine scoring threat, all at a fee far more modest than many names floating in today's market. Ultimately, the Mitrovic move should be about fit, not flash. He suits Everton's needs perfectly. For United, if the money doesn't stretch to Gyokeres or a bigger name, then this may be the shrewd and sensible call.
