Broad Arrow Sets Eight World Records, Hits $57.4 Million at Monterey Jet Center Auction
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, achieved $57.4 million in total sales at its annual Monterey Jet Center Auction, setting eight world auction records across a diverse lineup of modern and classic cars. Held August 13–14 in partnership with Motorlux, the sale also marked Broad Arrow's largest bidder registration to date, with numbers rising more than 20 percent compared to 2024.
The headline result came from a 2005 Maserati MC12 Stradale, which sold for $5.2 million, establishing a new record for the model and becoming the most valuable modern Maserati ever sold at auction. Auctioneer Lydia Fenet sparked spirited competition both in the room and over the phone before the winning bid was placed by a buyer in attendance.
Additional top results included a 2008 Koenigsegg CCXR, one of just 11 built, that sold for $3.2 million, quadrupling its 2015 sale price. A rare 1980 BMW M1 Procar achieved a record $1.6 million, while a 2009 Mercedes-Benz SLR McLaren Prototype 'Stealth' reached $1 million. Other highlights included a 2011 Hennessey Venom GT, which brought $588,000, a record for the model outside of charity sales.
Broad Arrow also spotlighted its growing focus on Japanese performance cars, with strong prices for a NISMO-restored 1999 Nissan Skyline GT-R, which sold for $692,500, and a Subaru Impreza 22B STi at $235,200. A 1995 Toyota Supra RZ closed the sale on a high note, exceeding estimates at $80,640.
Classic European icons also performed well, with a 1967 Ferrari 275 GTB/4 selling for $2.56 million and a 1955 Mercedes-Benz 300 SL Gullwing at $1.9 million. Collectors also bid competitively on American muscle, led by two record-setting Dodge Vipers from the American Performance Collection.
'Collectors and industry insiders took notice of the quality and relevance of the cars on offer,' said Barney Ruprecht, Broad Arrow senior car specialist. 'The results reflect the strength of modern collectibles as generational tastes continue to shift.'
⚡️ Read the full article on Motorious
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
19 minutes ago
- Business Wire
Helix Energy Solutions Awarded Multi-Year Contract in the Gulf of America
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded a multi-year contract with a major operator to provide production enhancement and well abandonment services in the U.S. Gulf of America. The contract, commencing in 2026, includes a minimum commitment of vessel utilization, split over three years. The contract calls for the provision of either the Q5000 or Q4000 riser-based well intervention vessel, a 10k or 15k Intervention Riser System (IRS) and remotely operated vehicles as well as project management and engineering services. Our services cover operations from fully integrated production enhancement to fully integrated plug and abandonment well services. The contract includes equipment and services as part of our Subsea Services Alliance, a strategic partnership between Helix and SLB that combines our collective strengths to deliver industry-leading subsea solutions. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, 'We are pleased to expand our backlog by successfully executing another multi-year contract for well intervention services. This contract underscores our commitment to delivering safe, cost-effective and efficient production enhancement and abandonment services in the Gulf of America, supported by Helix's advanced vessels, decades of industry-leading experience, and the collaborative capabilities of our Subsea Services Alliance.' About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. For more information about Helix, please visit our website at About Subsea Services Alliance For more information about the Subsea Services Alliance, please visit its website at Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the agreement, the equipment and services thereunder and the parties thereto; the current market or demand for our services; our ability to enter into, renew and/or perform commercial contracts; our current work continuing; and any impact on our financial and operating results and estimates; any statements regarding our strategy; any statements regarding our business model or the global energy transition; and any statements of assumptions underlying any of the foregoing. The forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the terms of the agreement and/or any work thereunder or extension thereof; actions by governments, customers, suppliers and partners; market conditions; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities; operating hazards and delays, which includes delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission (the 'SEC'), including Helix's most recently filed Annual Report on Form 10-K and in Helix's other filings with the SEC, which are available free of charge on the SEC's website at We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.
Yahoo
an hour ago
- Yahoo
$11 Billion Power Move? Thoma Bravo Targets Dayforce in One of Its Biggest Tech Deals Ever
This article first appeared on GuruFocus. Thoma Bravo is deep in talks to buy human capital software provider Dayforce (NYSE:DAY) in what could become one of the private equity giant's largest-ever acquisitions. The deal, pitched at $70 a share, would value Dayforce at around $11.2 billionroughly 32% above its last closing price before the news leaked. While the offer is still non-binding, the jump in Dayforce's stock on Wednesdayup as much as 3.6%suggests the market is betting a deal could materialize. Shares still ended below the offer price, implying some skepticism around final execution. Warning! GuruFocus has detected 3 Warning Sign with DAY. Dayforce, formerly known as Ceridian, sells workforce software that powers recruiting, payroll, and employee development for industries ranging from healthcare to financial services. It's a solid businessrevenue is up, margins have improvedbut headwinds from corporate layoffs have begun to slow client growth. The company, which still carries about $1.2 billion in debt, was taken public in 2018 after being backed by Thomas H. Lee Partners and Fidelity National. That PE DNA makes a take-private logical. But Dayforce isn't cheap, and closing such a large deal in today's funding environment would be no small feat. For Thoma Bravo, though, this is right on script. Despite a more cautious PE landscape, the firm has stayed aggressive in enterprise software. In 2024 alone, it's struck a $10.6 billion deal for Boeing's digital flight assets, acquired Olo for $2 billion, and is reportedly eyeing Verint Systems next. CEO Orlando Bravo has made it clear he's still shopping, and Dayforce could slot neatly into a growing portfolio of recurring-revenue tech bets. Still, while talks are advanced, Dayforce noted there's no certainty a deal will be finalized. Error 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
Business Wire
an hour ago
- Business Wire
Shareholder Alert: The Ademi Firm investigates whether Guess Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Guess (NYSE: GES) for possible breaches of fiduciary duty and other violations of law in its transaction with Authentic Brands and the co-founders. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. Shareholders of Guess will receive $16.75 per share in cash or approximately $1.4 billion, including debt. Guess insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Guess by imposing a significant penalty if Guess accepts a competing bid. We are investigating the conduct of the Guess board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
