Latest news with #BroadArrowAuctions'
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.
Yahoo
19-02-2025
- Automotive
- Yahoo
Historic 1948 Ferrari 166 Spyder Corsa Expected to Break Auction Records
Read the full story on Modern Car Collector One of the most historically significant Ferraris ever built is set to cross the auction block in May, with experts predicting it could fetch up to $8 million. The 1948 Ferrari 166 Spyder Corsa, chassis No. 004 C, is believed to be the earliest surviving Prancing Horse in original form and is expected to be the highlight of Broad Arrow Auctions' inaugural Villa d'Este sale. Regarded as one of Ferrari's first customer race cars, the 166 Spyder Corsa was introduced in 1948, featuring a revolutionary 2.0-liter Colombo V-12 engine and a five-speed racing gearbox. This particular chassis was one of two originally sold to brothers Soave and Gabriele Besana, Italian aristocrats who commissioned coachbuilder Carrozzeria Ansaloni to craft a unique, cycle-fendered body. With an extensive racing pedigree, chassis No. 004 C competed in some of the world's most grueling endurance races, including the 1948 and 1949 Mille Miglia and the Targa Florio, where it placed sixth. After its competitive career ended in 1957, the car changed hands multiple times before spending 50 years under the stewardship of the Clark family, owners of the Long Island Automotive Museum in New York. During this time, the Ferrari underwent a concours-level restoration, earning prestigious accolades such as Best of Show at the Ferrari Club of America National Meet and class victories at the Pebble Beach Concours d'Elegance. It remained in the Clark family until 2015, when it was acquired by a prominent U.S. Ferrari collector. What sets this 166 Spyder Corsa apart is its exceptional originality. The car retains its factory-built bodywork, V-12 engine, and gearbox, a rarity among vintage race cars that often underwent extensive modifications. It also boasts Ferrari Classiche White Book certification, confirming its authenticity and historical significance. "Nothing predating this car exists in original form," said Barney Ruprecht, vice president of auctions at Broad Arrow. "This is the earliest and most important Ferrari available today, and for any collector, it represents a once-in-a-lifetime acquisition." The auction, set for May 25 at the prestigious Villa d'Este, is expected to draw elite collectors and Ferrari enthusiasts eager to own a piece of automotive history. With its rich racing legacy, meticulous preservation, and status as one of Ferrari's first road-legal race cars, chassis No. 004 C is anticipated to command a record-breaking bid. Follow us on Facebook and Twitter
