Latest news with #Ferrari166SpyderCorsa
Scottish Sun
2 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.
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.
Yahoo
6 days ago
- Automotive
- Yahoo
1948 FERRARI 166 SPYDER CORSA SETS NEW AUCTION RECORD AT BROAD ARROW'S INAUGURAL CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION SELLING FOR €7.54 MILLION
The packed sales room at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction at Villa Erba The top-selling Ferrari 166 Spyder Corsa on display at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction preview LONDON, England, May 27, 2025 (GLOBE NEWSWIRE) -- Broad Arrow celebrates Concorso d'Eleganza Villa d'Este Auction, its first European sale 78% of lots sold achieving total sales value of €31,172,625 1948 Ferrari 166 Spyder Corsa sold for €7,543,750 – a new auction record for a Ferrari 166 Another auction record was broken as an outstanding 2003 Honda NSX-R sold for €934,375 BMW-only sale saw a stunning 1980 BMW M1 built to Procar specification sell for €602,500 A full list of auction results can be viewed here, and high-resolution images here The next Broad Arrow sale takes place at the Monterey Jet Center, 13-14 August 2025 Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is celebrating the success of its first European sale as the official auction partner of BMW AG after presenting over 70 of the world's finest cars, boats and motorcycles at the prestigious Concorso d'Eleganza Villa D'Este. Two vibrant sales, held on Saturday May 24th and Sunday May 25th in the Rotunda at Villa Erba, saw packed sales rooms and an atmosphere charged with excitement. Both auctions, also watched live by over 8,000 viewers on the Broad Arrow YouTube channel, achieved €31,172,625 in total sales, with 78 percent of all lots sold. Note, these figures include three lots sold within hours of the live auction ending. 'Our Concorso d'Eleganza Villa d'Este auction has been a resounding success,' says 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.' Star of the Sunday sale was a 1948 Ferrari 166 Spyder Corsa, quite possibly the most original early Ferrari extant, which sold for an auction record price of €7,543,750. Never before offered publicly for sale, it is one of two 166 Spyder Corsa models commissioned by one of Ferrari's earliest customers. It has received awards at multiple prestigious shows and has competed in some of the greatest events, including the Mille Miglia and Targa Florio. The room was captivated by fast and competitive telephone bidding as two potential buyers fought for the chance to own this very special piece of Ferrari history. The last of just 33 Motto-bodied Siata 208S Spiders, from 1954, was another highlight, with strong interest from bidders attracted by its beautiful style and remarkable provenance to achieve a sale price of €1,750,000. Broad Arrow also presented a number of very special modern classic cars, including a spectacular 2003 Honda NSX-R. With just 15,800 kilometres, the Championship White, lightweight supercar attracted attention from around the world with bidders from the UK, Australia, Argentina, South Africa, and the US competing to own this rare supercar. Another electrifying sale saw a final bid duel lead to a world auction record-winning bid of €934,375. Other modern classic highlights saw an outstanding 1989 Ferrari F40 Competizione attract a winning bid of €2,312,500 and a a 2023 Ford GT sell for €613,750. To further demonstrate the broad range of enthusiast vehicles offered, a 1990 Ducati 851 F90 Corsa, owned by John Surtees but never ridden, tempted many bidders and sold for €81,250. Broad Arrow also held a dedicated BMW-only sale, featuring cars from private collectors, on Saturday evening which produced equally impressive results. Featuring some of the most highly collectible models from the German marque, hosts of the Concorso d'Eleganza Villa d'Este, an outrageously beautiful 1980 BMW M1, enhanced to Procar specification by BMW Motorsport, took the spotlight. Causing a stir in the sale room it sold for an impressive €602,500. 'Not only did we achieve remarkable sales for some of the world's most collectible models, but collectors were clearly excited by the carefully curated selection of cars we presented,' says Twyman. 'We are extremely proud to have achieved such strong results, and a number of auction record sale prices, at our first European auction, and I now look forward to expanding Broad Arrow's European sale calendar throughout 2025.' Kenneth Ahn, President of Broad Arrow, added, "First and foremost, thank you to everyone for the tremendous interest and support for our very first auction in Europe, held on the stunning shores of Lake Como. By all accounts, it was an incredible success. We're also deeply grateful to our wonderful partner, BMW AG, and the Concorso d'Eleganza Villa d'Este. We look forward to welcoming even more car enthusiasts and industry friends as we continue to grow our presence in Europe." Broad Arrow Auctions Concorso d'Eleganza Villa d'Este 2025 - Top 10 Sales 1. 1948 Ferrari 166 Spyder Corsa by Ansaloni - €7,543,750 2. 1938 Talbot Lago T150 C Lago Speciale Teardrop Coupe by Figoni et Falaschi - €3,606,250 3. 1989 Ferrari F40 Competitzione - €2,312,500 4. 1954 Siata 208S Motto Spider - €1,750,000 5. 1965 Ferrari 275 GTS - €1,525,000 6. 2006 Porsche Carrera GT – Sold Ahead of Auction 7. 1957 Mercedes-Benz 300 SL Roadster - €1,007,500 8. 2003 Honda NSX-R - €934,375 9. 2023 Ford GT - €613,750 10. 1980 BMW M1 - €602,500 The next auction on the Broad Arrow calendar is Monterey Jet Center, California on 13-14 August 2025, held in conjunction with Motorlux. Interviews and further information available on request. NOTE: All prices are listed in Euros and include buyer's premium, which is equal to the sum of fifteen percent (15%) plus VAT of the first €250,000 of the Hammer Price 12.5% plus VAT of the amount by which the Hammer Price exceeds €250,000 for all motor car lots. For non-motor car lots, Buyer's Premium is equal to twenty-five (25) percent of the Hammer Price. Event images by Tom Clutterbuck. Ends. Editors 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 is launching its first auction in Europe in May 2025 as the new official auction house of the Concorso d'Eleganza Villa d'Este in Italy. 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 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 The packed sales room at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction at Villa Erba The top-selling Ferrari 166 Spyder Corsa on display at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction preview CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@ Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@ in to access your portfolio
Business Upturn
06-05-2025
- Automotive
- Business Upturn
BROAD ARROW PRESENTS SOME OF THE FINEST PRE- AND POST-WAR COLLECTOR CARS AT INAUGURAL CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION
LONDON, England, May 06, 2025 (GLOBE NEWSWIRE) — Broad Arrow's featured auction offerings include incredibly evocative 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé by Figoni and Falaschi, alongside the sole-surviving 1949 Talbot-Lago T26 Grand Sport Coupe by Dubos Fr è res Auction also presents first-ever public sale of the most original early Ferrari available, the 1948 Ferrari 166 Spyder Corsa by Ansaloni Additional classic racing highlights include the prestigious 1936 Maserati 6CM Factory Works, eligible for the Monaco Historic Grand Prix Further highlights include a Pebble Beach class-winning 1939 Lagonda V12 Rapide James Young Drophead Coupé, a Classiche Certified 1965 Ferrari 275 GTS with special ownership provenance, and a multiple concours-winning Motto-bodied Siata 208S, the last to be produced Broad Arrow Concorso d'Eleganza Villa d'Este Auction takes place 24-25 May at Villa Erba Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is proud to present some of the most desirable classic automobiles in today's market at its inaugural Concorso d'Eleganza Villa d'Este Auction on 24-25 May 2025. Set to be one of the highlights of the 2025 collector car auction calendar, Broad Arrow's debut European sale features pre- and post-war rarities for road and track, perfectly matched to the curated selection of cars on view at the Concorso d'Eleganza itself. As the official auction partner for the Concorso d'Eleganza Villa d'Este, Broad Arrow is offering more than 70 of the world's most collectible cars for sale on the shores of Lake Como, including the first ever public sale of the very first customer competition car created by Enzo Ferrari, the 166 Spyder Corsa by Ansaloni, and the iconic, singular 1938 Talbot-Lago T150 C Spéciale Teardrop Coupé by Figoni and Falaschi. 'We are thrilled to be presenting some of the most historically significant classic cars at our inaugural Concorso d'Eleganza Villa d'Este auction,' says Joe Twyman, VP of Sales for Broad Arrow's EMEA Region. 'Being entrusted with the first ever public sale of the Ferrari 166 Spyder Corsa is an incredible privilege, and testament to the expertise within our team and the prestige of the highly respected Concorso d'Eleganza Villa d'Este. Its presence at the auction along with many other coveted automobiles will make this one of the most important sales of the year.' 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé (Estimate: €4.500.000 – €6.500.000) The Talbot-Lago 'Goutte d'Eau' or Teardrop Coupé is not only one of the most beautiful automobiles of the 1930s era, but also one of the most evocative designs of all time. Its sensual teardrop shape elevates the model beyond an automobile to a true piece of art. One of the rarest examples of all is the 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé by Figoni et Falaschi, chassis no. 90034. Ordered new as a replacement for a Bugatti Type 50, this is the only Figoni et Falaschi Teardrop Coupé built on the T150 C Lago Spéciale chassis, making it a truly unique automobile. Giuseppe (Joseph) Figoni was renowned for his designs for prestigious marques that included Alfa Romeo, Bugatti and Delahaye, but when he and his business partner Ovidio Falaschi turned their attention to Talbot-Lago, they created some of their finest work. One of only 16 models produced, chassis 90034 is the only T150 C and utilises the Jeancart theme of Design 9222, which means it has exposed wheels all round. It also benefits from 300mm of extra space in the wheelbase compared to Teardrop models on the T150 C-SS chassis, which allowed Figoni to create even more elegant lines and extend the delicately sloping tail. Commissioned by German banker and gentleman racer Antoine Schumann, he requested a number of bespoke options. This included the rare Bleu 'Tango' Irisée Noire finish, a metallic dark blue with black tinge, Havana Tobacco Leather with matching wood, and free-standing headlights that provided better visibility in the dark. It has a full sliding sunroof, removable fenders, and Schumann also requested a chromed sweep spear on the side, a signature element of many Figoni designs. Last sold at Pebble Beach Car Week in 2010 to its current owner, this incredibly special automobile has been part of a renowned collection on the US West Coast. Its provenance is extremely well documented and includes a class win at the 1948 24 Hours of Spa in Belgium and appearances at some of the world's greatest concours events. This is a car like no other, unique in its design and legacy and deserving of the most discerning of collectors. 1949 Talbot-Lago T26 Grand Sport Coupe by Dubos Frères (Estimate: €1.200.000 – €1.500.000) The Teardrop Coupé is joined by its rare descendant, a 1949 Talbot-Lago T26 Grand Sport Coupe by Dubos Frères. Chassis no. T26GS110102 is one of just 32 short-wheelbase T26 Grand Sports built and the sole survivor of a mere two coupes built by Dubos Frères to this design. The T26 Grand Sport was a follow-up to the legendary pre-war T150 C-SS, but with a more powerful 4.5-liter twin cam engine. This car remains clothed in its original body and retains its matching-numbers chassis, engine, and transmission. The imposing car appeared in the 1949 Concours d'Elegance du Bois de Boulogne in Paris where it won a Grand Prix and was then imported to the United States in the early 1950s, owned by famous racing driver and car importer, Otto Zipper. Having been under the ownership of a well-known Talbot-Lago authority since 2009, this is a high-powered, big-displacement, true sports car in the classic sense of that term, ready to thrill its next passionate enthusiast. 1948 Ferrari 166 Spyder Corsa by Ansaloni (Estimate: €5.500.000 – €7.500.000) Broad Arrow is proud to present the first ever public sale of the Ferrari 166 Spyder Corsa by Ansaloni, chassis number 004 C. One of the first cars Enzo Ferrari ever produced and his first customer competition Ferrari, it encapsulated everything he wanted a Ferrari to be, forming the benchmark for all models that have emerged from Maranello since. Produced in 1948, 004 C was created to fulfil Ferrari's ambitions on the track while also being the perfect car for road races or a sporting day out. Its V12 engine, created in collaboration with Gioacchino Colombo, is regarded as the 'first true Ferrari engine', reminiscent of many of the great V12s of the pre-war period. It first went to South America where it proved highly competitive, before being returned to continue its racing success in Europe in such events as the Mille Miglia and Targa Florio. From 1965, this incredibly special Ferrari spent over 50 years in the hands of the Clark family in the United States, before joining a revered American Ferrari collection in 2015. It has been meticulously maintained throughout its life and has appeared at many of the world's greatest concours events. This unique Ferrari retains its original chassis, Ansaloni body and Tipo 166 V12 engine, all of which are extensively documented in the accompanying Ferrari Classiche Certification. The presentation of this 1948 Ferrari 166 Spyder Corsa in the Broad Arrow Concorso d'Eleganza Villa d'Este Auction is a special moment for collectors worldwide, especially those with a passion for the works of Enzo Ferrari. 1939 Lagonda V12 Rapide James Young Drophead Coupé (Estimate: €600.000 – €700.000) Lagonda produced 190 V12 models between 1938-1940, making any example highly collectible. Even rarer are the sporting Rapide versions, of which just 17 were manufactured. Then there is chassis no. 14107, a truly unique automobile with Drophead Coupé coachwork by the esteemed James Young. It is not only the beautiful coachwork that elevates this Lagonda above many others, because beneath its bonnet sits a rare Sanction IV engine, developed specifically to race at Le Mans. This incredibly unique car spent its early years in the UK before being sold to a Lagonda V12 collector in Australia who held on to it for 58 years. In 2015 it found a new owner in New Zealand, who invested over $500,000 in a meticulous two-year restoration to prepare the car for Pebble Beach. It was money well spent, with the Rapide taking First in Class at the prestigious concours in 2018. Subsequently sold to a collector in the UK, the car has returned to its country of origin and is now presented for sale at Villa Erba, undeniably as one of Lagonda's finest ever creations. 1965 Ferrari 275 GTS (Estimate: €1.500.000 – €1.800.000) The Ferrari 275 GTS is a perfect example of the partnership between Pininfarina and Ferrari. Its beautiful design exudes luxury and the Grand Tourer lifestyle, while the Colombo-designed V12 beneath the bonnet delivers superb performance. The potential of this engine is well proven, having powered the 275 P and 250 LM to victory at Le Mans. In the 275 GTS it combines the ability to gallop to 97km/h in only 7.2 seconds with the ultimate in open-top luxury touring. Only 200 versions of the 275 GTS were produced, and Broad Arrow is pleased to present this fine example finished in Rosso Rubino Chiaro with a Nero Franzi leather interior. Chassis number 07305 benefits from Ferrari Classiche certification and an extensive ownership report compiled by Ferrari historian Marcel Massini. It is an exceptional example of the 275 GTS that epitomises the beauty and excellence of a 1960s Ferrari open-top grand tourer. 1954 Siata 208S Motto Spider (Estimate: €1.500.000 – €1.700.000) Siata (Società Italiana Auto Trasformazioni Accessori), famously transformed from a tuning company specialising in Fiat automobiles to creating some of the most celebrated cars of the mid-20th Century. After Fiat's 8V 'Otto Vu' sports car was discontinued due to poor sales in Italy's post-war economy, Fiat offered the remaining stock of 8V engines to Siata to power a car of their own design. This gave birth to the Siata 208CS coupé and and its roadster sibling, the 208S. Designed by Giovanni Michelotti with bodywork crafted by Carrozzeria Motto, the result was one of the most beautiful creations of the 1950s. With its innovative Tipo 104 V8 engine, the 208 became a class winner at Le Mans and secured impressive results in the Mille Miglia. Only 53 examples of the 208 were built, 35 of which were Spiders, with the car on offer, chassis no. BS 535, being the final example produced. It has benefitted from extensive restoration work throughout its life, including a $200,000 investment completed in 2007. It then went on to win Best in Class at The Amelia Island Concours, a feat it repeated in 2014. It was Best in Class at Pebble Beach in 2011 and in 2013 it won the prestigious Premio d'Onore award at the Concorso d'Eleganza Villa d'Este. It therefore makes a triumphant return to the spectacular venue at Lake Como where this Siata 208S Motto Spider is presented as one of the finest Italian sports cars of its era. 1936 Maserati 6CM Factory Works (Estimate: €850.000 – €950.000) The Maserati 6CM is one of the most successful voiturette race cars of the prewar era. Only 33 examples were produced between 1936-1939, eleven of which were Maserati factory works entries. Chassis 1531 was the very first to be built and Broad Arrow is very proud to present it for auction. Victorious in the 1936 Nürburgring Internationales Eifelrennen with Count Carlo Felice 'Didi' Trossi behind the wheel, this prime example of Maserati heritage was also raced by Pietro Dusio and Andrea Brezzi. Its original engine was replaced in 1939 by the supercharged 4CM 1,496cc engine from chassis 1554, which delivered more torque to give it a greater advantage on winding circuits. Throughout its life, this accomplished Maserati has continued its racing success, ensuring that it remains a living piece of motorsport history. A regular at many historic races around the world, it remains competitive, with recent podium finishes at the Monaco Historic Grand Prix. It is offered with current FIA/FIVA papers. This prestigious piece of Maserati racing history has been beautifully restored and meticulously maintained and boasts an extensive dossier of documentation detailing its ownership history, maintenance and its superb racing provenance. 'This auction is sure to attract many of the world's most renowned collectors as they seek to add some of the most desirable classic automobiles to their prestigious collections,' adds Twyman. 'We look forward to bringing the Broad Arrow experience to Villa Erba later this month.' The complete Broad Arrow Concorso d'Eleganza Villa d'Este Auction digital catalogue is now available. Interested bidders are invited to learn more about all cars on offer, to register to bid, and to contact a Broad Arrow Car Specialist at Further details and images on all lots are available upon request. Media interested in attending the Concorso d'Eleganza Villa d'Este Auction are invited to apply for media credentials via a member of the Broad Arrow Press Team. Editors 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 is launching its first auction in Europe in May 2025 as the new official auction house of the Concorso d'Eleganza Villa d'Este in Italy. 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 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 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
