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Business Upturn
24-07-2025
- Automotive
- Business Upturn
MASERATI MC12 STRADALE SUPERCAR LEADS BROAD ARROW'S MONTEREY JET CENTER AUCTION OFFERING
By GlobeNewswire Published on July 24, 2025, 22:16 IST Grosse Pointe, Michigan, July 24, 2025 (GLOBE NEWSWIRE) — Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is delighted to announce final entries for its flagship Monterey Jet Center Auction on August 13-14, led by a landmark 2005 Maserati MC12 Stradale, chassis number 12095. One of just 50 MC12 Stradale road cars built to homologate Maserati's dominant FIA GT1 racer, the car on offer shows just over 11,500 kilometers (Estimate: $4,800,000 – $5,500,000). 'The MC12 is the pinnacle of the Maserati brand—it's the marque's first and only supercar and the car that put it back on the competition map,' says Alexander Weaver, Senior Car Specialist and VP of Private Sales for Broad Arrow. 'While it is based around the Ferrari Enzo, the MC12 wears a competition-purpose body, offers a removable roof panel, and is significantly rarer, produced in just 50 units compared to the Enzo's 400. It is fresh from a comprehensive service, and ready to drive and enjoy.' The MC12 program is credited with successfully restoring Maserati to its rightful place among the world's most premier racing marques while simultaneously creating one of the most coveted road cars of the modern era. Chassis number 12095 was completed in 2005, the second and final year of production. It is finished in the signature Bianco Fuji pearlescent white livery with blue accents that paid homage to the colors of the America CAMORADI Scuderia, which campaigned the legendary Maserati Tipo 60/61 Birdcages in the early 1960s. The sporting exterior is complemented by a luxurious Blu leather and BrighTex fabric interior. The MC12 Stradale's technical foundation centered on the 6.0-liter Tipo M144A V12 engine derived from the Enzo. In Maserati tune, the powerplant produced 630 horsepower at 7,500 rpm and 481 lb-ft of torque at 5,500 rpm. The car on offer is a superb, road-going version of the era-defining GT racing car of the 2000s, offering the chance to own and experience a true homologation special that bridges Maserati's illustrious competition heritage with modern performance from one of the most dominant GT1 programs in history. Led by the MC12, Broad Arrow's Monterey Jet Center Auction will present 170 lots over two exciting days, a curation of some of the most highly desirable collector cars across today's most active segments of the market. From modern supercars and track-focused machines to timeless post-war classics and on-the-rise JDM icons, there's something for every automotive passion at the August 13-14 sale. 'Today's most active buyers at the top tier of the collector car market are a step younger and more focused on performance and usability,' says Barney Ruprecht, Senior Car Specialist and VP of Auctions, Broad Arrow. 'The cars they are after are nevertheless still best-of-category, incredibly rare, and of the highest quality, whether that means low mileage or careful preservation. Our 2025 Monterey Jet Center Auction presents a host of these highly desirable collector cars across the most active and sought-after segments of the market, from supercars to rising-star JDM variants.' Supercars Beyond the Maserati, additional supercar highlights for the Monterey Jet Center Auction include: 2008 Koenigsegg CCXR (Estimate: $2,750,000 – $3,500,000), one of just 11 examples built and merely three in the U.S. Well-maintained and tastefully upgraded throughout its life, this six-speed manual CCXR was featured in the fifth Fast & Furious film and offers a raw, analog driving experience seldom found in the modern hypercar era. (Estimate: $2,750,000 – $3,500,000), one of just 11 examples built and merely three in the U.S. Well-maintained and tastefully upgraded throughout its life, this six-speed manual CCXR was featured in the fifth film and offers a raw, analog driving experience seldom found in the modern hypercar era. 2018 Bugatti Chiron (Estimate: $3,000,000 – $3,500,000), a spectacular two-owner example that embodies all the grandeur of its breed, with over $500,000 in factory options. The Chiron's offering represents an opportunity to acquire a modestly driven example of Bugatti's era-defining hypercar in what is believed to be a one-of-one specification. (Estimate: $3,000,000 – $3,500,000), a spectacular two-owner example that embodies all the grandeur of its breed, with over $500,000 in factory options. The Chiron's offering represents an opportunity to acquire a modestly driven example of Bugatti's era-defining hypercar in what is believed to be a one-of-one specification. 1991 Ferrari F40 (Estimate: $3,350,000 – $3,500,000), a remarkably original, preservation-grade, U.S.-market example with a mere 1,701 miles and long-term ownership history. (Estimate: $3,350,000 – $3,500,000), a remarkably original, preservation-grade, U.S.-market example with a mere 1,701 miles and long-term ownership history. 1968 Lamborghini Miura P400 (Estimate: $2,000,000 – $2,400,000), a Series II example of the original supercar, delivered new to Prince Abdul Elah bin Abdulaziz Al Saud of Saudi Arabia. Finished in its original combination of Bianco over a Rosso leather interior, the beautifully restored, matching-numbers car is equipped with its original factory 'special modified 380 BHP' engine. (Estimate: $2,000,000 – $2,400,000), a Series II example of the original supercar, delivered new to Prince Abdul Elah bin Abdulaziz Al Saud of Saudi Arabia. Finished in its original combination of over a leather interior, the beautifully restored, matching-numbers car is equipped with its original factory 'special modified 380 BHP' engine. A pair of Countaches, including an original-owner, time-capsule 1988 Lamborghini Countach 5000 QV (Estimate: $800,000 – $900,000) and a 1989 Lamborghini Countach 25th Anniversary Edition (Estimate: $500,000 – $600,000), the ultimate and fastest edition of the Countach, formerly a staple of WWE superstar John Cena's esteemed car collection. (Estimate: $800,000 – $900,000) and a (Estimate: $500,000 – $600,000), the ultimate and fastest edition of the Countach, formerly a staple of WWE superstar John Cena's esteemed car collection. 2009 Mercedes-Benz SLR McLaren Prototype 'Stealth' (Estimate: $1,000,000 – $1,250,000), the final SLR Roadster ever produced, retained by McLaren Special Operations (MSO) for testing and development. (Estimate: $1,000,000 – $1,250,000), the final SLR Roadster ever produced, retained by McLaren Special Operations (MSO) for testing and development. 2011 Hennessey Venom GT (Estimate: $350,000 – $450,000, Offered Without Reserve), a one-of-13, 2,300-km, American-assembled hypercar offered without reserve in Monterey. Track Stars Stand-out machines across numerous golden eras in motorsport history feature within Broad Arrow's Monterey Jet Center catalog. The latest racing entries for the sale are led by a 1959 Porsche 718 RSK Spyder, chassis number 718-023 (Est. $3,500,000 – $4,000,000). One of just 24 customer cars produced, the Spyder was piloted by gentleman racer Roy Schechter throughout 1959. The car clinched titles and podiums in SCCA competition and was raced internationally at Bahamas Speed Week and in Cuba. Beautifully restored, it retains its matching-numbers engine and is eligible for the most prestigious vintage racing and driving events in the hobby. Additional competition highlights include: 2022 Lamborghini Essenza SCV12 (Estimate: $1,600,000 – $2,200,000), a one-of-40 track-only special developed by Lamborghini's Squadra Corse racing division and styled by Centro Stile. Offered in unraced condition with delivery miles, this is the only example to feature tinted exposed carbon fiber. (Estimate: $1,600,000 – $2,200,000), a one-of-40 track-only special developed by Lamborghini's Squadra Corse racing division and styled by Centro Stile. Offered in unraced condition with delivery miles, this is the only example to feature tinted exposed carbon fiber. 1980 BMW M1 Procar (Estimate: $1,450,000 – $1,850,000), one of approximately 54 M1 Procar examples built and believed to be the only car that remains in virtually as-new, never-raced, remarkably original condition. (Estimate: $1,450,000 – $1,850,000), one of approximately 54 M1 Procar examples built and believed to be the only car that remains in virtually as-new, never-raced, remarkably original condition. 1999 Chrysler Viper GTS-R ORECA Works (Estimate: $850,000 – $1,250,000), a factory team car entered for the 1999 FIA GT Championship, piloted by Jean-Philippe Belloc, David Donohue, Justin Bell, and Dominique Dupuy. The proven track star won the 1999 Hockenheim and Budapest 500 Kms along with the Watkins Glen 3 Hours and is fully prepped and ready to compete once more in historic events. (Estimate: $850,000 – $1,250,000), a factory team car entered for the 1999 FIA GT Championship, piloted by Jean-Philippe Belloc, David Donohue, Justin Bell, and Dominique Dupuy. The proven track star won the 1999 Hockenheim and Budapest 500 Kms along with the Watkins Glen 3 Hours and is fully prepped and ready to compete once more in historic events. 1983 Porsche-Kremer CK5 Group C Endurance Racing Prototype (Estimate: $800,000 – $950,000), one of two CK5s produced for the 1982 and 1983 World Sportscar Championship. A fascinating, well-preserved artifact from the Group C era, the CK5 competed at the 1983 Le Mans 24 Hours piloted by Derek Warwick, Frank Jelinski, and Patrick Gaillard. JDM Icons Drawing more attention and increasingly strong results, the market for Japanese Domestic Market collector cars continues to accelerate. The Monterey Jet Center Auction features a curated selection of JDM icons at a variety of price points, led by an exceedingly rare 1999 Nissan Skyline CRS GT-R V-Spec by NISMO (Estimate: $700,000 – $850,000). This Omori Factory-restored R34 is the sole NISMO CRS finished in GV1 Black Pearl Metallic and represents a true masterpiece in engineering and design. Further JDM highlights: A pair of Honda NSX-R examples, including a 45,000-km 1994 Honda NSX-R (Estimate: $375,000 – $425,000), finished in Championship White with matching Enkei wheels, and a 39,000-km 1995 Honda NSX-R (Estimate: $375,000 – $425,000, Offered Without Reserve), beautifully preserved in its original Berlina Black paint and having had just one Japanese owner until 2024. (Estimate: $375,000 – $425,000), finished in Championship White with matching Enkei wheels, and a 39,000-km (Estimate: $375,000 – $425,000, Offered Without Reserve), beautifully preserved in its original Berlina Black paint and having had just one Japanese owner until 2024. 1998 Subaru Impreza 22B STi (Estimate: $200,000 – $250,000), one of 400 examples produced: the holy grail of high performance Subarus. Finished in Sonic Blue Mica with Gold BBS wheels, this is one of the most iconic rally-bred machines of the modern era. Post-War Classic Staples The post-war classic and sports car era is a staple of the collector car market, comprising timeless designs that remain highly desirable today. The group on offer at Broad Arrow's Monterey Jet Center Auction is led by a 1967 Ferrari 275 GTB/4, chassis number 09657 (Estimate: $2,500,000 – $3,000,000). This is one of only 330 factory-built 275 GTB/4s produced between 1966 and 1968, a matching-numbers example of one of the most beautiful and mechanically accomplished expressions of the Ferrari gran turismo ever built. Finished in period-correct Giallo Fly over black leather, the beautifully restored, well-documented car is ready for further enjoyment. Additional post-war highlights include: 1965 Ferrari 275 GTB (Estimate: $2,500,000 – $2,800,000), a Ferrari Classiche certified, matching-numbers, Ferrari Club of America award-winning, and exquisitely restored 'short-nose' example, finished in Argento Metallizzato. (Estimate: $2,500,000 – $2,800,000), a Ferrari Classiche certified, matching-numbers, Ferrari Club of America award-winning, and exquisitely restored 'short-nose' example, finished in 1971 Ferrari 365 GTB/4 Daytona Spider (Estimate: $2,500,000 – $2,800,000), a rare, beautifully restored, and utterly iconic California-delivered Daytona Spider, one of just 96 examples destined for the U.S. market. The car displays a mere 34,360 miles—believed to be original—from just three owners since new. (Estimate: $2,500,000 – $2,800,000), a rare, beautifully restored, and utterly iconic California-delivered Daytona Spider, one of just 96 examples destined for the U.S. market. The car displays a mere 34,360 miles—believed to be original—from just three owners since new. 1973 Ferrari 365 GTB/4 Daytona (Estimate: $600,000 – $700,000), a matching-numbers, multi-award-winning example of an iconic shape, presented in Bianco over a Nero and Rosso leather interior from the Bill and Linda Feldhorn Collection. (Estimate: $600,000 – $700,000), a matching-numbers, multi-award-winning example of an iconic shape, presented in over a and leather interior from the Bill and Linda Feldhorn Collection. 1957 BMW 507 Series I Roadster (Estimate: $1,800,000 – $2,200,000), one of a mere 252 examples built from 1956-1959 and one of just 34 early Series I cars. This is a beautifully kept and thoughtfully restored example of a hallowed model, offered from just two long-term owners since 1978. (Estimate: $1,800,000 – $2,200,000), one of a mere 252 examples built from 1956-1959 and one of just 34 early Series I cars. This is a beautifully kept and thoughtfully restored example of a hallowed model, offered from just two long-term owners since 1978. 1962 Shelby 260 Cobra , CSX 2003 (Estimate: $1,500,000 – $2,000,000), one of the only surviving prototype examples in its original form and just the fourth Cobra ever built. The incredible car is offered in Monterey from its loving caretaker of 36 years. , CSX 2003 (Estimate: $1,500,000 – $2,000,000), one of the only surviving prototype examples in its original form and just the fourth Cobra ever built. The incredible car is offered in Monterey from its loving caretaker of 36 years. A pair of 1963 Ferrari 250 GT Berlinetta Lusso examples, including a Ferrari Classiche certified, matching-numbers example recently cosmetically restored in Grigio Argento over Rosso leather finishes (Estimate: $1,500,000 – $1,800,000) and a matching-numbers, deep red example formerly owned by Late Show host and noted collector, David Letterman (Estimate: $1,500,000 – $1,800,000). examples, including a Ferrari Classiche certified, matching-numbers example recently cosmetically restored in over leather finishes (Estimate: $1,500,000 – $1,800,000) and a matching-numbers, deep red example formerly owned by Late Show host and noted collector, David Letterman (Estimate: $1,500,000 – $1,800,000). A trio of Mercedes-Benz 300 SL examples, including a remarkably well-preserved, three-owner 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,100,000 – $1,300,000), finished in its largely original Fire Engine Red paint, a matching-numbers, exquisitely restored 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,850,000 – $2,200,000), finished in Anthracite Grey Metallic, and a matching-numbers 1955 Mercedes-Benz 300 SL Gullwing Coupe ($1,900,000 – $2,200,000), finished as originally specified in Silver Grey Metallic over a Blue interior with plaid fabric seats. Broad Arrow returns to The Monterey Jet Center in California for its fourth annual flagship sale on Wednesday, August 13 (6:00 pm PT auction start) and Thursday, August 14 (1:00 pm PT auction start). Held in conjunction with Motorlux—the best way to kick off Monterey Car Week—thousands of collectors and enthusiasts from around the world will be in attendance. Bidder registration, the complete digital catalog, and additional information on all cars on offer is available at Interested bidders are invited to connect with a Broad Arrow car specialist at +1 313 312 0780. Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to [email protected]. Editor's 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 launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d'Eleganza Villa d'Este in Italy in partnership with BMW AG. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at 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 or connect with us on Facebook, Instagram, X and LinkedIn. Forward-Looking Statements – This press release contains statements that constitute 'forward-looking statements' within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty's future operating results and financial position, Hagerty's business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty's objectives for future operations. The words 'anticipate,' 'believe,' 'envision,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'target,' 'potential,' 'will,' 'would,' 'could,' 'should,' 'continue,' 'ongoing,' 'contemplate,' and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club ('HDC') subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty's other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and its business outlook for future periods. Attachments The landmark 2005 Maserati MC12 Stradale set to headline Broad Arrow's 2025 Monterey Jet Center Auction 2008 Koenigsegg CCXR offered at Broad Arrow's Monterey Jet Center Auction Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
11-07-2025
- Automotive
- Yahoo
BROAD ARROW ANNOUNCES INAUGURAL LAS VEGAS AUCTION IN PARTNERSHIP WITH CONCOURS AT WYNN LAS VEGAS
APPROXIMATELY 70 EXCEPTIONAL COLLECTOR CARS WILL BE AUCTIONED ON OCTOBER 31 AT WYNN LAS VEGAS An iconic scene from the 2023 Concours at Wynn Las Vegas Best of Show winners at the 2024 Concours at Wynn Las Vegas Grosse Pointe, Michigan, July 11, 2025 (GLOBE NEWSWIRE) -- GROSSE POINTE, Michigan (July 11, 2025) – Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, adds to its growing fall auction calendar with the announcement of The Las Vegas Auction—held in partnership with Concours at Wynn Las Vegas. Occurring on Friday, October 31, 2025, Broad Arrow's Las Vegas Auction will feature approximately 70 highly desirable collector cars and is expected to be a cornerstone event of the weekend. Returning for a fourth consecutive year, Concours at Wynn Las Vegas will feature an expanded showcase of more than 250 unique automobiles within four judged and non-judged pillars on the greens of Wynn Golf Club. Events start on October 31 and run through November 2, 2025. 'We are thrilled to partner with Concours at Wynn Las Vegas and look forward to being an integral part of the weekend's calendar of events," said Barney Ruprecht, Vice President of Auctions for Broad Arrow. "Given the growing success of the event year over year, we anticipate client interest in the auction and Concours to be exceptional. Las Vegas is an outstanding auction location given its renowned status as a luxury destination and proximity to the many collector car communities in the region.' 'We're honored to host Broad Arrow's inaugural Las Vegas auction as part of this year's Concours at Wynn Las Vegas,' said Brian Gullbrants, Chief Operating Officer, Wynn Resorts North America. 'Broad Arrow's auction hosted at Wynn will deliver an extraordinary array of remarkable vehicles and underscores our commitment to delivering guests with moments that surprise and delight, resulting in a can't-miss experience.' The Las Vegas Auction will be one of three live auctions—in addition to Belgium and Switzerland—conducted by Broad Arrow throughout October/November and highlights the company's strategic global growth in Europe and continued expansion in the United States. The company will host its first-ever auction in Belgium, the Zoute Concours Auction, as part of Zoute Grand Prix Car Week on October 10, closely followed by the Zürich Auction on November 1 at the prestigious Dolder Grand Hotel in partnership with Auto Zürich, the international motoring show. These new auction events build on Broad Arrow's continued global success. Since its first sale in 2022, the auction house has held a strong track record in North America with its highly successful flagship Monterey Jet Center Auction, held in conjunction with Motorlux (2024 Results: $71.5 million, 85 percent sell-through rate), and flagship Amelia Auction, the official auction of The Amelia Concours d'Elegance (2025 Results: $61.7 million, 88 percent sell-through rate), alongside its annual single-marque Porsche Auction in partnership with Air|Water and multiple single-owner private collection sales. Broad Arrow has also seen strong success in Europe with its recent inaugural Concorso d'Eleganza Villa d'Este Auction in Italy, held in partnership with BMW AG. The two-day auction achieved €31.2 million in total sales with 78 percent of all lots sold. Additional information on The Las Vegas Auction is available at Further information on Concours at Wynn Las Vegas can be found at Initial consignments for the auction will be announced shortly, and collectors interested in consigning to or attending the auction are invited to speak with a Broad Arrow car specialist about this exciting debut on the international collector car calendar. Editor's Notes Photos: All images from recent editions of Concours at Wynn Las Vegas (Credit – Courtesy of Concours at Wynn Las Vegas). About Broad Arrow AuctionsBroad 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 launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d'Eleganza Villa d'Este in Italy in partnership with BMW AG. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix in Belgium, Auto Zürich in Switzerland, and Concours at Wynn Las Vegas in the United States. Learn more at 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 or connect with us on Facebook, Instagram, X and LinkedIn. About Wynn Las VegasWynn Resorts is the recipient of more Forbes Travel Guide Five Star Awards than any other independent hotel company in the world and in 2025 was once again honored on FORTUNE Magazine's World's Most Admired Companies list. Wynn and Encore Las Vegas have two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 196,000 square feet of casino space, 22 signature dining experiences, 10 bars, two award-winning spas, approximately 560,000 rentable square feet of meeting and convention space, approximately 174,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course. For more information on Wynn and Encore Las Vegas, visit Forward-Looking Statements - This press release contains statements that constitute 'forward-looking statements' within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty's future operating results and financial position, Hagerty's business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty's objectives for future operations. The words 'anticipate,' 'believe,' 'envision,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'target,' 'potential,' 'will,' 'would,' 'could,' 'should,' 'continue,' 'ongoing,' 'contemplate,' and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club ('HDC') subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in the Hagerty's other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and its business outlook for future periods. Attachments An iconic scene from the 2023 Concours at Wynn Las Vegas Best of Show winners at the 2024 Concours at Wynn Las Vegas CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@ Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@
Yahoo
11-03-2025
- Automotive
- Yahoo
Broad Arrow's Amelia Auction Triumphs with Record $61.7 Million Sales
⚡️ Read the full article on Motorious Broad Arrow Auctions, a division of Hagerty, celebrated substantial success at its third annual Amelia Auction, held in conjunction with The Amelia Concours d'Elegance on March 7-8, 2025. The event garnered a staggering $61.7 million in total sales, with a robust 88% of all lots finding new owners. Hosted at the picturesque Ritz-Carlton Amelia Island, the auction attracted a large crowd, filling the venue to capacity and creating an electrifying atmosphere. Lydia Fenet, Broad Arrow's Principal Auctioneer, led the event, which saw intense bidding both on-site and via digital platforms. Notably, bidder registration increased by 22% compared to the 2024 event, with 60% of participants present in person. Additionally, the auction drew over 15,000 viewers on Broad Arrow's YouTube channel and reached millions more through Hagerty's digital platforms on Samsung TV Plus and Tubi. The highlight of the auction was the sale of a 1959 Ferrari 250 GT LWB California Spider Competizione, chassis number 1451 GT. This historically significant vehicle, which finished fifth overall and claimed a GT class podium at the 1959 24 Hours of Le Mans, sold for an impressive $9,465,000. This sale not only marked a record for Broad Arrow but also underscored the car's rarity and esteemed competition history. Other notable sales included a 1971 Lamborghini Miura P400 SV that fetched $4,460,000 and a 1954 Jaguar D-Type "OKV 2" Works Competition, which went for $4,295,000. The auction also featured a 2018 Pagani Huayra Roadster that sold for $3,415,000 and a 1990 Ferrari F40 that brought in $3,665,000. Barney Ruprecht, Senior Car Specialist and Vice-President of Auctions for Broad Arrow, expressed satisfaction with the event's outcome, noting the spirited bidding and high-quality offerings. He highlighted the continued strength of the Porsche market and the success of other categories, indicating a healthy interest across various segments of the classic car market. As Broad Arrow looks forward to its next engagements, the auction house remains a significant player in the global collector car arena, setting trends and breaking records in the industry.
Yahoo
06-03-2025
- Automotive
- Yahoo
Rare Ferrari 250 GT California Spider to Headline Broad Arrow's Amelia Auction
⚡️ Read the full article on Motorious A highly coveted 1959 Ferrari 250 GT LWB California Spider Competizione is set to command attention at Broad Arrow Auctions' upcoming Amelia Auction, scheduled for March 7-8 at the Ritz-Carlton Amelia Island. Estimated to fetch between $10 million and $14 million, the race-bred classic is regarded as one of the most significant examples of its kind. Broad Arrow, a subsidiary of Hagerty (NYSE: HGTY), recently released a video showcasing the historic Ferrari in action, featuring Barney Ruprecht, the company's Senior Car Specialist and Vice-President of Auctions. The video provides a firsthand look at the car's performance capabilities and its unique competition-focused upgrades, including an aluminum body, stiffer suspension, and a 36-gallon long-range fuel tank. 'This is one of only 10 Competizione variants built, with every detail optimized for racing,' Ruprecht said in the video. 'From the moment you start it, the experience is dominated by the engine—it's a completely different beast compared to a standard California Spider.' Chassis no. 1451 GT has a storied past, having placed fifth overall at the 1959 24 Hours of Le Mans under the ownership of American privateer Bob Grossman. The car continued its racing career in the United States before eventually becoming a prized collector's piece. Presented in its original silver metallic Le Mans livery, the Ferrari comes with Ferrari Classiche certification and has made multiple appearances at the prestigious Pebble Beach Concours d'Elegance. The California Spider leads an impressive lineup at the Amelia Auction, where 166 collector cars will be offered, alongside two tractors and a child's go-kart. Other highlights include a 1954 Jaguar D-Type Works Competition car, a 1990 Ferrari F40, and a 2015 Porsche 918 Spyder. With many vehicles offered without reserve, Broad Arrow's Amelia Auction is expected to be one of the most anticipated collector car events of the year.
