Broad Arrow Auctions has sales of $55.25 million

MONTEREY, CA, Aug. 22, 2022 (GLOBE NEWSWIRE) —

• The Ferrari F50 leads supercar highlights and sets a new world record price of $5,175,000
• The event at the Monterey Jet Center saw exceptional attendance and the first appearance of podium veteran Lydia Fenet as Broad Arrow’s principal auctioneer
• Broad Arrow’s auction calendar continues with the private collection sale “Passion for the Drive: The Cars of Jim Taylor” in October, followed by the inaugural West Palm Beach Auction in November 2022
• Hagerty names Broad Arrow official auction house of The Amelia from 2023

Broad Arrow Auctionsa Hagerty (NYSE: HGTY) company, today announced that its first-ever auction event, held August 18 at the Monterey Jet Center, totaled $55,256,900, with 88 percent of all 93 lots sold.

Thursday’s auction took place in conjunction with Hagerty’s revamped Motorlux event (formerly McCall’s Motorworks Revival) on Wednesday evening, with thousands of guests at both events viewing the cars on offer.

The packed auction room saw bidders from all over the world, both in person and via telephone, internet and postal bidding. Auction veteran Lydia Fenet commanded the room from the podium and made her debut as principal auctioneer for Broad Arrow. The evening auction was conducted by a Classiche certified 5,000 mile motor with three owners Ferrari F50 from 1995, which set a new world record price for the model at auction of $5,175,000 after an intense bidding war between the parties in the room and over the phone. The Ferrari F50 led the charge for a total of 14 new world record prizes set by Broad Arrow that night.

Other well-selling supercars are a 2015 Ferrari LaFerrarioffered by The Halo Car Collection in “as new” condition for $3,910,000, a well preserved Ferrari Classiche certified car Ferrari F40 from 1990 at $1,985,000 and a stunning 2015 Porsche 918 Spyder Weissach Package at $1,930,000.

Other outstanding auction highlights include:

• A meticulous…