Latest news with #JoeTwyman
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.
TimesLIVE
6 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
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
Yahoo
30-04-2025
- Automotive
- Yahoo
BROAD ARROW ADDS FERRARI F40 "COMPETIZIONE" AND PAGANI HUAYRA R TO ITS BEST-OF-CATEGORY CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION LINEUP
1989 Ferrari F40 "Competizione" to be offered at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction 2022 Pagani Huayra R to be offered at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction LONDON, England, April 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow is proud to present an unrivalled collection of some of the world's rarest and most collectible automobiles for auction in Italy Iconic supercar models include a 1989 Ferrari F40 Competizione, a 2022 Pagani Huayra R and a Guards Red 2006 Porsche Carrera GT BMW models from across the marque's history, including the beautiful 507 Roadster and a selection of revered M models, lead the Saturday evening BMW-only sale Mercedes is represented by an iconic 300 SL 'Gullwing', 300 SL Roadster and a CLK DTM AMG Cabriolet Broad Arrow Concorso d'Eleganza Villa d'Este Auction takes place 24-25 May at Villa Erba in partnership with BMW AG The full catalogue for this prestigious auction can now be viewed here Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, will present some of the hobby's most desirable collector cars across all categories at its inaugural Concorso d'Eleganza Villa d'Este Auction on 24-25 May 2025. As the official auction partner for this globally renowned event, Broad Arrow is offering more than 70 of the most collectible cars for sale on the shores of Lake Como, including a selection of very special BMW models of all eras, some of the rarest and most iconic pre- and post-war classics in the world, legends of motorsport, and a number of very special supercars with exciting provenance. 'The Concorso d'Eleganza Villa d'Este brings together the finest historic automobiles in the world across carefully selected categories,' says Joe Twyman, VP of Sales for Broad Arrow's EMEA Region. 'As the official partner of BMW AG for this globally prestigious event on the collector car calendar, we have meticulously curated a selection of cars that honours the spirit of the Concorso and represents almost every era of the automobile, from 1933 to 2023. This includes models never before offered for public sale, highly desirable cars with incredible provenance, and a dedicated, independent BMW auction that pays homage to the success of this esteemed marque.' Final entries for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction are led by: 1989 Ferrari F40 'Competizione' (Estimate: €2.300.000 - €2.800.000) The Ferrari F40 holds a very special place in automotive history, not just for its looks and performance, but as the last road car to be designed under the watch of Enzo Ferrari himself. Regarded as the pinnacle of supercars of its era, it was only natural that some would find their way into motorsport. Despite not initially being intended for competition, the Michelotto-prepared F40 LM proved the model's prowess on track. Privateers set out to emulate this successful formula with their own 'Competizione' conversions, like chassis number 80369 presented here. Produced in Maranello in 1989 resplendent in traditional Rosso Corsa, it spent its initial years as a purely road-going F40. After a number of years in Italy, this cherished Ferrari found a new home in the UK in the late 1990s, where its owner commissioned Martin Shaw's Specialised Cars of Manchester to transform it to Competizione specification. This included competition bodywork with Lexan-covered fixed headlights and an adjustable rear wing. The twin-turbo V8 was upgraded to approximately 648hp and 763Nm of torque, together with numerous other mechanical enhancements. Shaw himself then purchased the car and entered it in the 2000 British GT Championship before finding a new owner in Italy. It continued to participate in historic motorsport events and is presented as one of the rarest examples of the F40 at the Concorso d'Eleganza Villa d'Este Auction, complete with an extensive spares package that includes a spare engine block, front nose, rear clamshell bonnet and many hard-to-find mechanical components, ensuring it can continue to be used for both road and track. One of approximately 27 road cars converted for competition use by privateer racers, this is a very special example of Enzo Ferrari's final work and one that is worthy of any discerning Ferrari collection. 2022 Pagani Huayra R (Estimate: €2.800.000 - €3.200.000) The Pagani Huayra debuted to great acclaim in 2011, not just for its performance, but also for the meticulous attention to detail lavished on it by the designers and engineers. Nearing the end of its lifecycle in 2021, Pagani created the Huayra R as the model's swansong, with just 30 being produced, each of which epitomised Horacio Pagani's vision to create 'the most extreme and performance-oriented Pagani car of all time.' That performance came from an incredible naturally aspirated V12, created in partnership with HWA AG. It developed 850hp with 750Nm of torque and sounded like a classic Formula One car at its 9,000-rpm redline, a deliberate nod to grand prix engines of the past. A bespoke six-speed sequential dog-ring racing gearbox transmitted power to the rear wheels and everything was built around an ultra-lightweight carbon fibre monocoque. Built for track use, the Huayra R weighs just 1,050kg dry and was developed to meet all FIA GT safety standards, with a roll-cage, safety harnesses and Nomex fire retardant material. Other racing items include a quick-release steering wheel, high resolution display with telemetry and a centre-lock wheel torque gun. Engineers paid particular attention to aerodynamics, but in line with Pagani's vision, did not allow any compromise when it came to aesthetics, the hypercar being likened to Le Mans prototype race cars of the 1960s and 70s. Broad Arrow is proud to offer serial number 2 at its Concorso d'Eleganza Villa d'Este Auction, a pristine example showing a mere 134km and with just one owner from new. It features over €300,000 of bespoke options and the current owner will also cover the €17,000 cost of the car's next service, provided the winning bidder transports the car to the Pagani factory in Modena. This is a rare opportunity to own one of the greatest track-ready hypercars, a masterpiece of the modern era and one that truly embodies the passion of the great Horacio Pagani. (Estimate: €1.300.000 - €1.500.000) Broad Arrow is also delighted to present an outstanding example of the final model year Porsche Carrera GT at the Concorso d'Eleganza Villa d'Este Auction. Finished in rare Guards Red, it has had only three private owners from new and has been driven just 10,152km. This in-demand supercar also benefits from a recent €20,000 engine-out service at Porsche Zentrum Aachen, including KW shocks upgrade and completion of the APA3 suspension recall work. The story of the Carrera GT is fascinating and like many of the greatest sports cars, something of a skunkworks project. Designed in California, it was only intended to be a show car and boasted the V10 engine that was created for the Porsche LMP2000 racing prototype that never took to the track. However, the reception to the Carrera GT was so enthusiastic that Porsche put its analogue supercar into production, creating one of the great supercars of the 2000s with a six-speed manual gearbox, carbon fibre monocoque chassis and a distinct lack of electronic driver aids. The Carrera GT was a supercar for the purists and continues to be sought after by those who appreciate its design and incredible athleticism. A Celebration of BMW Automobiles Broad Arrow is honoured to partner with BMW Group Classic for the Concorso d'Eleganza Villa d'Este. To celebrate the hosts of one of the most prestigious concours on the collector car calendar, the auction will feature a independent Saturday evening sale session, dedicated to the presentation of highly collectible BMW models of every era. Returning to the event after featuring in the Concorso in 2009, a 1939 BMW 328 Wendler Cabriolet retains its original matching numbers engine and was reportedly once owned by BMW executive, Rudolf Graf von der Schulenburg-Wolfburg. Joining the 328 is one of the most beautiful roadsters of all time, a 1958 BMW 507 Series II, this particular model in its original shade of Federweiss over a two-tone black and white interior. The auction features not one, but two of the cars that started the serial car production of the BMW M division, the BMW M1. Upgraded to M1 Procar appearance, this 1980 BMW M1 has music industry provenance to add to its collector appeal. Based on the BMW Z1, a rare 1991 Alpina Roadster Limited Edition (RLE) on offer is one of only 66 built. It is offered with only 30,000km on the odometer and its original Alpina handbooks. Other highly collectible BMWs include a pristine 2000 Z8 and several M3 models, with interest expected to be high for first-generation versions and a superb 2003 M3 CSL. Icons across collector car history Other collector car icons featuring in the auction include one of the most collectible and iconic sports cars ever produced, a 1955 Mercedes-Benz 300 SL 'Gullwing' Coupé. Captivating in rare Medium Red, it has been enhanced with discreet touring upgrades and is eligible for concours and driving events around the world. It is joined by an equally graceful, 1957 Mercedes-Benz 300 SL Roadster, finished in rarely seen Anthracite Gray Metallic with a Cognac leather interior and retaining its matching numbers for the chassis, engine, body, transmission, and more. Other classic Mercedes models include a sleek 1935 Mercedes-Benz 290 Roadster and more modern icons such as a one-of-80 2006 Mercedes-Benz CLK DTM Convertible and a single-owner 2007 Mercedes-Benz SLR McLaren 722 Edition. Beyond the F40, Ferrari is well represented, not least of all by one of the highlights of the Concorso d'Eleganza Villa d'Este Auction, the 1948 Ferrari 166 Spyder Corsa by Ansaloni with an estimate of €5.500.000 - €7.500.000. Other notable Maranello models include a 1964 Ferrari 250 GT Berlinetta Lusso and a 1965 Ferrari 275 GTS. Additional marques expected to attract a great deal of interest on the shores of Lake Como and from telephone and online bidders around the world, include Aston Martin, Fiat, Lamborghini, Maserati, and a seldom-seen, Mille Miglia-eligible 1947 Stanguellini 11 Sport Internazionale. 'To be able to present such a diverse range of iconic automobiles in one auction is a great honour,' says Twyman. 'Our Concorso d'Eleganza Villa d'Este sale features an unparalleled selection of high points across automotive history, with some of the rarest models and the greatest marques. We are very excited to welcome the world's collectors in person or remotely for what is sure to be one of the highlights of the 2025 collector car auction year.' 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. 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 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 1989 Ferrari F40 "Competizione" to be offered at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction 2022 Pagani Huayra R to be offered at Broad Arrow's inaugural Concorso d'Eleganza Villa d'Este Auction CONTACT: Ian Kelleher Broad Arrow Auctions +1 917-971-4008 ikelleher@ Meghan McGrail Broad Arrow Auctions +1 519-365-8750 mmcgrail@ in to access your portfolio
