Grosse Pointe, Michigan (November 26, 2024) – Broad
Arrow Auctions, a Hagerty (NYSE: HGTY) company, is thrilled to announce
its partnership with BMW AG to become the official auction partner of the
Concorso d’Eleganza Villa d’Este, starting in May 2025. As
part of the Concorso d’Eleganza Villa d’Este event, Broad
Arrow Auctions is expected to offer up to 70 of the highest quality
collector cars for sale on the shores of Lake Como.
Founded in 1929, the Concorso d’Eleganza Villa d’Este is one
of the world’s oldest and most esteemed concours d’elegance
events. Hosted by BMW Group Classic and Grand Hotel Villa d'Este,
Saturday’s tickets for the events at Villa d'Este are limited, while
the parade of Historic Cars is open to the public on Sunday at Villa Erba.
Broad Arrow’s auction will be held on Saturday, May 24, 2025 at
Villa Erba.
“We could not think of a better, more prestigious location and
partner to launch our first ever auction in Europe than the Concorso
d’Eleganza Villa d’Este. We are grateful for our partnership
with BMW as the official annual auction house of the Concorso d'Eleganza
Villa d'Este, their choice speaks volumes to the proven track record of
our team of specialists,” said
Kenneth Ahn, President of Hagerty Marketplace and Broad Arrow
Auctions. “As the crown jewel in the concours world, we are excited to
present some of the most exceptional collector cars available with a
premium auction experience next May and beyond.”
“We are happy to welcome Broad Arrow Auctions as the new auction
partner of the Concorso d’Eleganza Villa d’Este,” says
Helmut Käs, Head of BMW Group Classic and President of Concorso d’Eleganza Villa d’Este. “They will bring a
large number of spectacular cars to be auctioned at the grounds of Villa
Erba. With this, they will create a highlight for all visitors. We
are looking forward to a rewarding partnership during the coming
years.”
Broad Arrow Auctions makes its overseas live auction debut following
successful annual North American sales, including the Monterey Jet Center
Auction and The Amelia Auction, where Broad Arrow is the official auction
house of The Amelia (Concours d’Elegance). At each of these
auctions, Broad Arrow has seen rapid growth, continuing to increase total
sales and the average value of cars sold year over year.
"It's an incredible honor to partner with one of the most internationally
renowned concours, offering a world-class auction to complement what car
lovers around the world recognize as one of the key moments every
year,” added
McKeel Hagerty, CEO and Chairman of Hagerty. “Broad
Arrow’s presence at Villa Erba, as a part of the Concorso d'Eleganza
Villa d’Este, builds upon our existing European efforts and provides
us better ways to serve our global high net worth clientele and connect
more meaningfully with automotive enthusiasts across the continent. I'm
proud of what Broad Arrow has achieved in just three short years. They are
paving the way for a whole new auction experience focused on the next
generation of collectors.”
With this announcement, Broad Arrow formally launches its auction calendar
overseas and continues to position itself as one of the fastest-growing
global leaders in the collector car auction industry. Additional
information on the auction will be available in the coming weeks at
www.broadarrowauctions.com. Consignors interested in offering their exceptional motor car at The
Villa d’Este Auction at Villa Erba are invited to contact a Broad
Arrow Car Specialist at +44 20 4592 0169 (UK/Europe) or on +1 313 312 0780
(North America) or via email at
info@broadarrowauctions.com.
Photo Credit: The 2024 Concorso d’Eleganza Villa
d’Este Best of Show-winning 1932 Alfa Romeo 8C 2300 Spider by Figoni
(Images Courtesy of BMW AG).
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 broadarrowauctions.com 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 850,000 who can’t
get enough of cars. For more information, please visit
www.hagerty.com or connect with us
on Facebook,
Instagram,
Twitter 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 recognize 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
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future developments, or otherwise, except as required by law.