Latest news with #BroadArrow
Yahoo
10-06-2025
- Automotive
- Yahoo
BROAD ARROW ADDS ZÜRICH AUCTION AT THE DOLDER GRAND HOTEL TO ITS GROWING GLOBAL CALENDAR
INAUGURAL ZÜRICH AUCTION TO TAKE PLACE ON 1 NOVEMBER 2025 AS A HIGHLIGHT OF THE RENOWNED AUTO ZÜRICH SHOW | APPROXIMATELY 60 EXCEPTIONAL COLLECTOR CARS TO BE AUCTIONED AT THE SPECTACULAR DOLDER GRAND A snapshot of the spectacular Dolder Grand, where Broad Arrow is set to hold its inaugural Zürich Auction in partnership with Auto Zürich on 1 November 2025 LONDON, England, June 10, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, continues its European expansion with the announcement of The Zürich Auction, held in partnership with Auto Zürich, on Saturday, 1 November 2025. Broad Arrow's Zürich Auction will feature approximately 60 highly desirable collector cars sourced globally and will be the culminating event of the Auto Zürich show, which takes place at Messe Zürich between 30 October and 2 November 2025. The inaugural Zürich Auction will be held at The Dolder Grand, the world-famous five-star hotel overlooking Lake Zürich. 'We are very proud to become The Official Auction Partner of Auto Zürich and to announce The Zürich Auction as a new addition to our rapidly expanding European auction calendar,' says Karsten Le Blanc, Head of Broad Arrow's EMEA Region & Broad Arrow Capital. 'The recent success of our Concorso d'Eleganza Villa d'Este Auction and our announcement of the Zoute Concours Auction has created a great deal of interest among collectors, who will now also be able to benefit from the debut of The Zürich Auction. Switzerland is an important part of the collector car market, with many of the most respected collections based there, making it the perfect location for a world-class auction.' Auto Zürich was first held in 1987. Today, it is a multifaceted centre of attraction for tens of thousands of people who want to experience the past, present and future of the automobile up close. It has thus established itself as one of the most successful motor shows in Europe with probably the greatest variety of brands. Equally, The Dolder Grand is an ideal location to host a prestigious addition to the international collector car auction calendar. Built in 1899 on the Adlisberg mountain overlooking Zürich, its history can be traced back to the dawn of the motoring age and it is regarded as one of the top international luxury destinations. 'Our new partnership with Auto Zürich is set to create one of the most spectacular collector car auctions in Europe,' says Paul Gaucher, Head of Consignments for Switzerland at Broad Arrow Auctions. 'To be able to host this auction at the famous Dolder Grand is a great honour and one that I am confident will attract many of the hobby's most renowned collectors to Zurich, a city with a great affinity for classic and sports cars.' Karl Bieri, Chairman of the Board of Directors for Auto Zürich, says: 'Auto Zürich is honoured to partner with Broad Arrow, and its outstanding team, to present The Zürich Auction. Together, we aim to captivate collectors, enthusiasts, and the discerning public in Switzerland with the magic of exceptional automobiles, both vintage and contemporary.' The announcement of The Zürich Auction follows Broad Arrow's successful European auction debut in Italy last month, as BMW AG's official auction partner of the Concorso d'Eleganza Villa d'Este—one of the most prestigious concours events on the global collector car calendar. At its inaugural Italian auction, Broad Arrow achieved €31,2 million in sales with 78 percent of all lots sold, including a new auction record for the 1948 Ferrari 166 Spyder Corsa at €7.543.750. The auction house has also recently announced the addition of The Zoute Concours Auction to its expanding auction calendar, set to be held on 10 October in collaboration with Zoute Grand Prix in Belgium and allowing Broad Arrow to enhance its services for its growing global clientele. Additional information on The Zürich Auction is available at Initial consignments will be announced shortly, and collectors interested in consigning to or attending the auction are invited to speak with a Broad Arrow car specialist about this exciting debut on the international collector car Editor's Notes 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 Auto ZürichAuto Zürich is now the leading motor show in Switzerland. With over 70 brands represented in the new car segment alone, it is one of the most wide-ranging formats of its kind, even by international standards. The 'Auto Zürich MANUFAKTUR & CLASSIC' area also contributes to this rich variety. This comprises a unique mixture created by a carefully composed, exquisite juxtaposition of two special automotive worlds. Here, the world's most exclusive automobile manufacturers present themselves side by side with an illustrious selection of rare and correspondingly valuable classic cars. This makes Auto Zürich not only one of the most comprehensive automobile brand shows of its kind, but also the most visited live event for classic automobiles in Switzerland. 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 statements that constitute 'forward-looking statements' within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty's future operating results and financial position, Hagerty's business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty's objectives for future operations. The words 'anticipate,' 'believe,' 'envision,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'target,' 'potential,' 'will,' 'would,' 'could,' 'should,' 'continue,' 'ongoing,' 'contemplate,' and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club ('HDC') subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in the Hagerty's other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and its business outlook for future periods. Attachment A snapshot of the spectacular Dolder Grand, where Broad Arrow is set to hold its inaugural Zürich Auction in partnership with Auto Zürich on 1 November 2025 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
30-05-2025
- 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
28-05-2025
- 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
27-05-2025
- 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
27-05-2025
- 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*
