Latest news with #BroadArrow
Yahoo
2 days ago
- Automotive
- Yahoo
1948 Ferrari Sets Record as Broad Arrow Celebrates First European Auction at Villa d'Este
⚡️ Read the full article on Motorious Broad Arrow Auctions achieved a historic milestone at its inaugural European sale this past weekend, held during the prestigious Concorso d'Eleganza Villa d'Este. Headlining the event was a 1948 Ferrari 166 Spyder Corsa, which shattered auction records for the model, selling for an astonishing €7,543,750. The sale, conducted over two days at Villa Erba, marked Broad Arrow's debut on the European stage and its first as the official auction partner of BMW AG. The event drew global attention both in person and online, with more than 8,000 viewers tuning in via Broad Arrow's livestream. In total, 78 percent of lots found new owners, generating a sales total of €31,172,625, including post-auction transactions. 'This sale was not only a commercial success, but a historic one,' said Joe Twyman, VP of Sales for Broad Arrow's EMEA region. 'The setting, the cars, and the energy in the room all came together in spectacular fashion.' The record-setting 1948 Ferrari—believed to be one of the most original examples of the early Spyder Corsa models—was previously never offered for public sale. With Mille Miglia and Targa Florio provenance, the car captivated bidders worldwide, eventually selling after a spirited round of telephone bids. Additional highlights included a 2003 Honda NSX-R that realized €934,375—setting a new auction record for the model—alongside a €2,312,500 result for a 1989 Ferrari F40 Competizione. A rare 1980 BMW M1 built to Procar specification also achieved €602,500 during the BMW-exclusive segment of the auction. Kenneth Ahn, President of Broad Arrow, reflected on the weekend's success: 'This extraordinary debut on the shores of Lake Como underscores our commitment to global growth. We are honored by the support from collectors, our partners at BMW AG, and the Concorso d'Eleganza Villa d'Este.' Broad Arrow's next auction is slated for August 13–14 at the Monterey Jet Center in California, where it will once again present a premier selection of collector cars in conjunction with Motorlux.
Yahoo
5 days ago
- Automotive
- Yahoo
Historic Ferrari Sale Headlines Broad Arrow's Record-Setting Debut at Villa d'Este
⚡️ Read the full article on Motorious A 1948 Ferrari 166 Spyder Corsa shattered records at Broad Arrow Auctions' first European event, selling for €7,543,750 and setting a new high-water mark for the model. The landmark sale headlined Broad Arrow's debut at the Concorso d'Eleganza Villa d'Este, held on the shores of Lake Como in partnership with BMW AG. The auction house, a subsidiary of Hagerty (NYSE: HGTY), reported €31,172,625 in total sales over the May 24–25 weekend, with 78 percent of lots sold. The dual-day auction marked Broad Arrow's inaugural sale on European soil, held in the historic Rotunda at Villa Erba. 'We are thrilled with the success of our first European auction,' said Joe Twyman, Broad Arrow's VP of Sales for EMEA. 'To launch our presence with such a prestigious event and achieve several record-breaking results speaks volumes about our global client base and the quality of vehicles offered.' The Ferrari 166 Spyder Corsa, lauded as one of the most original early Ferraris in existence, was a standout. Commissioned in period by one of Enzo Ferrari's earliest customers, the car boasts a significant competition pedigree, including appearances in the Mille Miglia and Targa Florio. The auction room fell silent during a tense bidding war, with the final price confirming the car's place in the upper echelon of historic Ferrari values. Other notable sales included a 2003 Honda NSX-R, which set a world auction record at €934,375, and a 1989 Ferrari F40 Competizione, which commanded €2,312,500. A BMW M1 Procar-spec car, sold during a BMW-only auction session, fetched €602,500. With over 8,000 viewers following online, Broad Arrow's first Villa d'Este sale exceeded expectations, showcasing everything from postwar icons to modern collectibles. The auction house will next head to California for its Monterey Jet Center sale this August 13–14.
Motor 1
5 days ago
- Automotive
- Motor 1
Sheesh: Someone Paid $1 Million for an NSX-R
If there was any lingering doubt that the original Honda NSX was a classic (sold in the States as an Acura), this should dispel that notion. At Broad Arrow's Concorso d'Eleganza Villa D'Este auction, someone paid €934,375 for this 2003 NSX-R. At today's exchange rate, that's $1,061,866. Sheesh . A little history should help put this crazy number into context. The NSX-R was the lightest, most focused, most special version of the original NSX—and one of the rarest. Honda made the NSX-R in two batches, first from 1992 to 1995, then again from 2002 to 2005 following a facelift. The second was by far the rarer version, with Honda building fewer than 140 examples, all for the Japanese market, according to the Broad Arrow listing. Photo by: This example is finished in the classic Championship White livery with color-matched BBS wheels and red interior trim. It has just 16,000 kilometers (9,942 miles) on the odometer, and naturally, it looks immaculate. Data from classic-car value tracker indicates that this was the first 2002-2005 NSX-R to come up for public sale in some time, and it went for far more than any recent 1992-1995 NSX-R auction. The next closest was a 1995 NSX-R Broad Arrow sold at its 2023 Monterey auction for $632,000, and even that was an outlier. Astoundingly, this isn't the most expensive NSX ever. The first example of the second-generation NSX and the first example of a 2022 NSX Type-S both sold for $1.1 million in charity auctions. 12 Source: More on the NSX Ayrton Senna Was a Samurai in Tube Socks When Best Motoring Pitched the Best of Japan Against Supercars Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Top Gear
6 days ago
- Automotive
- Top Gear
Good lord! The Honda NSX is now officially a $1m car
Good lord! The Honda NSX is now officially a $1m car Championship White 2003 NSX-R sells for over one million dollars. World officially labels itself 'mad' Skip 8 photos in the image carousel and continue reading Turn on Javascript to see all the available pictures. 1 / 8 Here's the plan. We get ourselves a Honda NSX-R and hold the world ransom for… [dramatic pause and pinky finger to corner of mouth] one million dollars. Yep, Dr. Evil would certainly approve, because the NA2 Honda NSX is now officially a one-million-dollar car. Advertisement - Page continues below That's because this 2003 NSX-R just sold at Broad Arrow's Villa d'Este auction for €934,375. For our American readers, that's $1,064,257. For Brits it's a much more reasonable sounding £784,517. Still a heck of a lot of money for a 3.2-litre V6 though. We hope the owner has some cash left over for a pair of leather loafers. This particular NSX-R – one of fewer than 140 NA2s ever built – has just under 10,000 miles on its clock and is finished in the perfect combo of Championship White paint with a red Alcantara interior. Matching white BBS wheels too. Broad Arrow said the classic Japanese supercar attracted bidders from the UK, Australia, Argentina, South Africa and the US, with a head-to-head duel to win the thing meaning it eventually set a world record for an original NSX at auction. Advertisement - Page continues below So, has the world officially gone mad, or is the price justified for one of Honda's greatest ever creations? Top Gear Newsletter Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox. Success Your Email*
Forbes
6 days ago
- Automotive
- Forbes
Early Ferrari Breaks Sales Record At Broad Arrow Auction In Cernobbio
Broad Arrow auctions has broken the record sale price for a Ferrari 166, selling this 1948 Spyder ... More Corsa for €7,543,750 on Sunday. Photo: Ryan Merrill Photography. Cernobbio, Italy: A buyer at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction has smashed the sales record price for an historic Ferrari 166, winning a fierce, prolonged bidding war to sell for €7.54 million (US$8.56 million, including auction fees) on Sunday. The 1958 Ferrari Spyder Corsa had competed in the classic Mille Miglia and Targa Florio road races in period, and had remained in the same family since 1948 until being sold at the auction, which was part of the Concorso d'Eleganza at Hotel Villa d'Este. The two-day Broad Arrow Concorso d"Eleganza Villa d'Este auction raised €31,172,625 and sold 78% of ... More its lots. Photo: Simocaph. Tensions were high for Broad Arrow's first European auction after the relative flop of the rival RM Auctions event in Milano six days earlier, where 19 cars were left unsold. The two-day Broad Arrow event bounced back, beginning with a successful sale of BMW vehicles on Saturday night, peaking with the €602,500 ($683,793) sale of a 1980 BMW M1 Procar-spec coupe. The larger Sunday sale included everything from a boat once raced on Lake Como by Formula 1 legend Gilles Villeneuve to a 1990 Ducati once owned by Sir John Surtees, the only man to win world championships at the top level of both two-wheeled and four-wheeled motorsport. Broad Arrow, a Hagerty company, registered €31,172,625 ($35,378,640) in total sales, with a 78% clearance rate, and had more than 8000 viewers on its YouTube channel for the lakeside event. Another record was broken by a 2003 Honda NSX-R, which sold for €934,275 ($1,060,333) to be the most expensive Honda NSX ever sold. Other show stars included a 1938 Lago Talbot T150 C Lago Speciale Teardrop Coupe, with a body by legendary coach builders Figoni et Falaschi, which sold for €3,606,250 million ($4.5 million), and a 1989 Ferrari F40 Competizione which drew a €2.312,500 ($2.62 million) bid. 'Our Concorso d'Eleganza Villa d'Este auction has been a resounding success,' Broad Arrow's Vice-President of Sales for the EMEA region, Joe Twyman, said, '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.' Auctioned vehicles included a John Surtees Ducati, a Gilles Villeneuve boat and McLaren road cars ... More owned by Jenson Button and Lewis Hamilton. Photo: Simocaph. Top 10 Broad Arrow's Concorso d'Eleganza Villa d'Este Auction Sales 1. 1948 Ferrari 166 Spyder Corsa by Ansaloni - €7,543,750 (US$8.56 million) 2. 1938 Talbot Lago T150 C Lago Speciale Teardrop Coupe by Figoni et Falaschi - €3,606,250 ($4.5 million) 3. 1989 Ferrari F40 Competitzione - €2,312,500 ($2.62 million) 4. 1954 Siata 208S Motto Spider - €1,750,000 ($1,974,772) 5. 1965 Ferrari 275 GTS - €1,525,000 ($1,730,763) 6. 2006 Porsche Carrera GT – Sold Ahead of Auction 7. 1957 Mercedes-Benz 300 SL Roadster - €1,007,500 ($1,143,438) 8. 2003 Honda NSX-R - €934,375 ($1,060,333) 9. 2023 Ford GT - €613,750 ($696,561) 10. 1980 BMW M1 - €602,500 ($683,793)
