Latest news with #BroadArrowAuctions
Yahoo
a day ago
- Automotive
- Yahoo
BROAD ARROW'S EXPANSION IN EUROPE CONTINUES WITH THE ZOUTE CONCOURS AUCTION IN BELGIUM
AUCTION SET FOR 10 OCTOBER IN COLLABORATION WITH ZOUTE GRAND PRIX CAR WEEK | NEW SALE ANNOUNCED ON THE HEELS OF BROAD ARROW'S SUCCESSFUL FIRST EUROPEAN AUCTION AT THE CONCORSO D'ELEGANZA VILLA D'ESTE IN PARTNERSHIP WITH BMW AG Karsten Le Blanc (left), Head of Broad Arrow's EMEA Region & Broad Arrow Capital, Koen Van Hout, CEO of Zoute Grand Prix Car Week, and Kenneth Ahn, President of Broad Arrow, at the Concorso d'Eleganza Villa d'Este Auction in May 2025 A selection of significant collector cars on display at the Zoute Concours d'Élégance 2023 on the grounds of the Royal Zoute Golf Club. LONDON, England, June 02, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is delighted to announce the addition of a new event on its global auction calendar—The Zoute Concours Auction, held in collaboration with Zoute Grand Prix Car Week (8-12 October 2025) in Belgium. Set for Friday, 10 October on the grounds of the beautiful Approach Golf in Knokke-Heist, a stone's throw from the beach, the single-day auction will present approximately 70 exceptional collector cars across a wide variety of categories, marques, and price points. 'We are thrilled to announce the Zoute Concours Auction as our newest sale date just days after a fantastic European auction debut for Broad Arrow,' says Karsten Le Blanc, Head of Broad Arrow's EMEA Region & Broad Arrow Capital. 'Our great success at the Concorso d'Eleganza Villa d'Este Auction is a testament to the team of experienced car specialists and seasoned industry operators we have assembled in EMEA, and we look forward to collaborating with Koen Van Hout and the Zoute Grand Prix team to bring the Broad Arrow experience to Belgium this fall.' Gregory Tuytens, Head of Consignments in Belgium & The Netherlands for Broad Arrow adds: 'I've personally enjoyed a longstanding relationship with Zoute Grand Prix, an event beloved by European collectors and enthusiasts alike. The exclusivity of the event and the genuine passion for motoring exhibited throughout the week make Zoute a fantastic next step in expanding Broad Arrow's European presence. The festival draws important collectors from around the world, and we're excited to curate an exceptional selection of collector cars for auction to suit their tastes and enhance the incredible cars that descend on Belgium for the Zoute Grand Prix Car Week in October.' Zoute Grand Prix Car Week, a staple on the European and international motoring calendar, is a five-day festival that blends exceptional automobiles, avant-garde art, and a luxury lifestyle, promising a truly unforgettable celebration in beautiful Knokke-Heist. Broad Arrow's Zoute Concours Auction will be held in conjunction with the return of the prestigious Zoute Concours d'Élégance by ING Private Banking on Saturday 11 and Sunday 12 October. The auction is expected to offer approximately 70 highly curated cars, alongside an impressive display of automotive elegance at the Zoute Concours d'Élégance by ING Private Banking. Koen Van Hout, CEO, Zoute Grand Prix adds: "We are very proud to announce our partnership with Broad Arrow, a second international auction house, during the Zoute Grand Prix Car Week, a natural and exciting collaboration between two ambitious companies united by a shared vision of the future, a passion for excellence, and the drive to expand our global reach. This is a partnership that will strengthen the international character of our event and take the Zoute Grand Prix Car Week to new heights." The announcement of the Zoute Concours Auction follows Broad Arrow's European auction debut as BMW AG's official auction partner of the Concorso d'Eleganza Villa d'Este. Held on 24-25 May at the stunning Villa Erba, the inaugural auction was a resounding success, totalling €31,2 million in sales with 78 percent of all lots sold. The vibrant auction saw several standout individual sales, including a new auction record for the top-selling 1948 Ferrari 166 Spyder Corsa at €7.543.750. Additional information on the Zoute Concours Auction is available at Early consignments will be announced in the coming weeks. Collectors interested in consigning to or attending the auction are invited to speak with a Broad Arrow car specialist about this exciting new 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. 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 Zoute Grand Prix Car WeekZoute Grand Prix is a captivating celebration of high-end lifestyle, art, and automotive excellence. What began in 2010 as a rally of historic cars among friends, has evolved into one of Europe's most prestigious events for lovers of both classic and contemporary automobiles. Now in its 16th edition, this five-day festival draws passionate collectors, connoisseurs, and car enthusiasts from around the world. Held in the heart of Knokke-Heist—one of Europe's most refined coastal towns—Zoute Grand Prix Car Week features a Classic Rally, a Concours d'Elegance, a GT Tour, and exclusive exhibitions of art and design. Visitors can admire iconic historic models alongside cutting-edge premieres from the world's most luxurious manufacturers, many making their European debut. In 2021, the event received international recognition as Motoring Event of the Year at the Historic Motoring Awards in London. Beyond the automotive allure, guests enjoy top-tier gastronomy, with celebrated chefs and premium dining experiences. Every detail reflects world-class hospitality and understated elegance, making Zoute Grand Prix an unmissable event for those who appreciate beauty, performance, and exclusivity. Discover more at 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 Karsten Le Blanc (left), Head of Broad Arrow's EMEA Region & Broad Arrow Capital, Koen Van Hout, CEO of Zoute Grand Prix Car Week, and Kenneth Ahn, President of Broad Arrow, at the Concorso d'Eleganza Villa d'Este Auction in May 2025 A selection of significant collector cars on display at the Zoute Concours d'Élégance 2023 on the grounds of the Royal Zoute Golf Club. CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@ Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@ in to access your portfolio
Scottish Sun
3 days ago
- Automotive
- Scottish Sun
Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million
An anonymous phone bidder bought the piece of motoring history RED ALL OVER Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE oldest Ferrari car in existence has sold at auction for a record price of £6.3 million. The 1948 Ferrari 166 Spyder Corsa was Enzo Ferrari's first car, designed to compete in circuit racing and drive on the road. Sign up for Scottish Sun newsletter Sign up 4 The vintage motor sold for a record price Credit: BNPS 4 The car has been meticulously maintained Credit: BNPS Only nine of the motors were ever made making them some of the rarest Ferraris in existence. This one was bought by the Besana brothers, the Italian car company's first ever customers, who would have had the car built to order. The 166 Spyder Corsa competed in numerous races between 1949 and 1957 before being purchased by American collector Henry Austin Clark in 1965. The red car was bought for around £3,000 with an additional £400 for the official mantra of "World's Oldest Ferrari." The seats, paintwork and wire wheels were painstakingly restored, with Enzo Ferrari reportedly taking a personal interest in the car. Clark reportedly received an offer of around £20,000 for it in 1971, but his family ended up holding onto it until 2015, when they sold it to a renowned Ferrari collector. The 77 year old car still has its original chassis, body, V12 engine and gearbox making it the most original of the 166 Spyder Corsas. It was even sold with its original certification proving its authenticity as one of the earliest Ferraris ever sold. Boasting a top speed of 125mph the vintage motor does 0-60mph in around six seconds. It was sold to an anonymous phone bidder by Broad Arrow Auctions at an auction near Lake Como, Italy. It sold for a hammer price of £5.3 million, the total came to around £6.3 million after auction fees. The motor set the record for the most expensive 1948 Ferrari 166 Spyder ever sold. 4 The Ferrari still has its original V12 engine Credit: BNPS 4 It has the official title of "World's Oldest Ferrari." Credit: BNPS Barney Ruprecht, vice president of Broad Arrow Auctions, said: "It is an absolutely fabulous sale for an amazing early sports car. "The 166 Spyder Corsa is quite literally the earliest and most important Ferrari in existence today. "It has significant period racing history at some of the most renowned events in Italy and throughout Europe, so it feels only natural to sell the car at the most prestigious concours event on the continent. "It is an immediate world-class acquisition to own the first Ferrari. "Any enthusiast of the Ferrari brand, including both older, established collectors and the rising generation now in the market, will feel drawn to the DNA of such a legendary marque. "Nothing else on the market today, at any price, offers the cache of this car." The Ferrari is one of two models purchased by the Besana brothers, Ferrari's earliest customers. The Spyder Corsa boasts chassis number 004 C, finished sixth overall at the 1948 Targa Florio, raced at the 1948 and 1949 Mille Miglia and also has period Formula Two competition and hill climbs added to its race tally.
The Irish Sun
3 days ago
- Automotive
- The Irish Sun
Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million
THE oldest Ferrari car in existence has sold at auction for a record price of £6.3 million. The 1948 Ferrari Advertisement 4 The vintage motor sold for a record price Credit: BNPS 4 The car has been meticulously maintained Credit: BNPS Only nine of the motors were ever made making them some of the This one was bought by the Besana brothers, the Italian car company's first ever customers, who would have had the car built to order. The 166 Spyder Corsa competed in numerous races between 1949 and 1957 before being purchased by American collector Henry Austin Clark in 1965. The red car was bought for around £3,000 with an additional £400 for the official mantra of " Advertisement Read more in Motors The seats, paintwork and wire wheels were painstakingly restored, with Enzo Ferrari reportedly taking a personal interest in the car. Clark reportedly received an offer of around £20,000 for it in 1971, but his family ended up holding onto it until 2015, when they sold it to a renowned Ferrari collector. The 77 year old car still has its original chassis, body, V12 engine and gearbox making it the most original of the 166 Spyder Corsas. It was even sold with its original certification proving its authenticity as one of the earliest Advertisement Most read in Motors Breaking Exclusive Breaking Boasting a top speed of 125mph the vintage motor does 0-60mph in around six seconds. It was sold to an anonymous phone bidder by It sold for a hammer price of £5.3 million, the total came to around £6.3 million after auction fees. The motor set the record for the most expensive 1948 Ferrari 166 Spyder ever sold. Advertisement 4 The Ferrari still has its original V12 engine Credit: BNPS 4 It has the official title of "World's Oldest Ferrari." Credit: BNPS Barney Ruprecht, vice president of Broad Arrow Auctions, said: "It is an absolutely fabulous sale for an amazing early sports car. "The Advertisement "It has significant period racing history at some of the most renowned events in Italy and throughout Europe, so it feels only natural to sell the car at the most prestigious concours event on the continent. "It is an immediate world-class acquisition to own the first Ferrari. "Any enthusiast of the "Nothing else on the market today, at any price, offers the cache of this car." Advertisement The Ferrari is one of two models purchased by the Besana brothers, Ferrari's earliest customers. The
TimesLIVE
7 days ago
- Automotive
- TimesLIVE
Broad Arrow's first European auction nets more than R630m at Villa d'Este
UK-based Broad Arrow Auctions, in partnership with BMW AG, has wrapped up its first European sale with more than €31.17m (R632.7m) in total sales. The auction took place over two days at the Concorso d'Eleganza Villa d'Este in Italy, featuring a wide range of classic and modern cars, as well as boats and motorcycles. Held on May 24 and 25 at Villa Erba, the auction saw more than 70 lots go under the hammer, with a 78% sell-through rate. The event attracted strong in-person attendance and was watched live by more than 8,000 viewers on YouTube. A 1948 Ferrari 166 Spyder Corsa topped the results, selling for €7.54m (R153.1m). Never before offered publicly, the early Ferrari is regarded as one of the most original examples in existence. It was commissioned by one of the brand's first customers and has competed in historic events such as the Mille Miglia and Targa Florio. Other notable results included a 1954 Siata 208S Spider, the last of 33 built, which sold for €1.75m (R35.5m). Modern classics also drew international interest. A 2003 Honda NSX-R with just 15,800km on the clock attracted global bidding — including from South Africa — and set a new world auction record for the model at €934,375 (R19m). A 1989 Ferrari F40 Competizione sold for €2.31m (R46.96m), while a 2023 Ford GT went for €613,750 (R12.46m). Motorcycle collectors were also catered for. A 1990 Ducati 851 F90 Corsa, previously owned but never ridden by the late John Surtees, sold for €81,250 (R1.65m). Image: Supplied A separate BMW-only sale took place on Saturday evening, featuring cars from private collections. A 1980 BMW M1, upgraded to Procar specification by BMW Motorsport, emerged as the top lot of the session, achieving €602,500 (R12.23m). 'Our Concorso d'Eleganza Villa d'Este auction has been a resounding success,' said 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.'
Yahoo
01-05-2025
- Automotive
- Yahoo
Exceptionally Original 1958 BMW 507 Roadster Headlines Villa d'Este Auction
⚡️ Read the full article on Motorious One of the most iconic sports cars of the postwar era, a remarkably original 1958 BMW 507 Series II Roadster, will be offered at the Concorso d'Eleganza Villa d'Este Auction on May 24, 2025, by Broad Arrow Auctions. With an estimated value between €2,000,000 and €2,300,000, the car stands out not only for its rarity—just 252 units were built—but for its extraordinary provenance and preservation. Chassis number 70127 was delivered new in April 1958 to Wilhelm Bartels of Braunschweig, Germany, who gifted it to his 17-year-old wife, Elisabeth. The Federweiss-painted roadster, with a two-tone black and white interior, remained in the Bartels family for an astonishing 46 years. During that time, it was consistently maintained by the same mechanic, who also carried out a front disc brake upgrade—a testament to the meticulous care it received. Regarded as a design triumph by Albrecht Graf von Goertz, the 507's sculpted aluminum body, paired with a 3.2-liter V8 and four-speed manual transmission, aimed to rival the Mercedes-Benz 300 SL. However, its steep price tag—more than twice its projected cost—led to limited production and made it a choice only for the elite. Celebrity owners included Elvis Presley, Alain Delon, and Ursula Andress. Following its sale by the Bartels family in 2004, the car passed to Horst Kölpin, who preserved its condition while respecting its legacy. In 2018, it entered the hands of only its third owner. Remarkably, just seven kilometers have been added since that transition. Accompanied by its original German registration document and factory-issued owner's manual, this unrestored example is eligible for premier concours and driving events around the world. It offers collectors a rare opportunity to acquire one of the most desirable and historically significant BMWs ever built—one with a story as elegant as its design. See it here.
