Latest news with #BroadArrowAuctions
Yahoo
20 hours ago
- Automotive
- Yahoo
BROAD ARROW TO AUCTION DESIRABLE ASTON MARTIN ZAGATO DBZ CENTENARY COLLECTION IN MONTEREY
AUGUST 13-14 AUCTION TO FEATURE EXTREMELY RARE ASTON MARTIN DB4 GT ZAGATO CONTINUATION AND DBS GT ZAGATO | JUST 19 PAIRINGS WERE BUILT AND SOLD TOGETHER IN 2019 | THE CARS CELEBRATE OVER SIXTY YEARS OF COLLABORATION BETWEEN ASTON MARTIN AND ZAGATO The extremely rare Aston Martin DBZ Centenary Collection pairing to be offered at Broad Arrow's Monterey Jet Center Auction on August 13-14, 2025 DB4 GT Zagato Continuation to be offered from the DBZ Centenary Collection pairing at Broad Arrow's Monterey Jet Center Auction Grosse Pointe, Michigan, July 22, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is proud to present an extremely rare Aston Martin DBZ Centenary Collection at its flagship Monterey Jet Center Auction on August 13-14, 2025. The partnership between Aston Martin and Zagato spans over 60 years and has resulted in some of the most iconic and collectible cars in motoring history. In 2019, the famous British marque again teamed up with the Milanese styling house to create the DBZ Centenary Collection, celebrating the relationship between the two brands and 100 years of Carrozzeria Zagato. What emerged from the hallowed Aston Martin Works division at Newport Pagnell, England, was the highly desirable pair of the historic DB4 GT Zagato Continuation and the modern DBS GT Zagato. Sold strictly together, only 19 of each were built and they sold out instantly with a price tag of £6.1 million ($8.1 million), ensuring any future sale would be a very special occasion. 'The Broad Arrow Monterey Jet Center auction has quickly become a fixture of Monterey Car Week, and what better way to kick it off than with one of the rarest collector car duos of modern times,' says Alexander Keck, Car Specialist with Broad Arrow Auctions. 'The Aston Martin DBZ Centenary Collection combines yesteryear with today in a way that is unprecedented in the motoring world, and we are extremely excited to be able to offer this rare pairing to the international car collecting community.' Aston Martin began production of its DB4 GT Zagato Continuation series in 2017, each example an impeccable recreation of the original 1960s model that was built to take on Ferrari on the racetrack. The modern DB4 GT Zagato elevates this masterpiece of design, with subtle updates to enhance the ownership experience. Chassis no. DB4/GT/0239/L exemplifies craftsmanship and design and features an original Vehicle Identification Number that justifies the continuation moniker that dates it as a 1963 example. Finished in stunning Caribbean Pearl, its interior is upholstered in opulent Obsidian Black and Connolly Blue leather with sumptuous blue carpeting. This exquisite example of continuation excellence took 4,500 hours to build, with craftspeople employing traditional methods. With only 62 test and delivery miles on the clock, it features period-correct Smiths gauges, a black crinkle finished dashboard and a wood-rimmed steering wheel. The DB4 GT Zagato Continuation is offered with a Florida title. Sympathetic modern engineering and performance enhancements include carbon fiber seats, while the engine displacement has been increased from the original 3.7-liter straight-six to 4.7-liters, with 390hp at 6,000rpm, a rise in power of 76hp. The competition-specification four-speed gearbox is non-synchronized, the suspension is heim-jointed, and the beautiful silver Borrani wire wheels add an extra element of elegant jewelry to the overall design. Equally stunning is the other half of this incredible set, the 2020 Aston Martin DBS GT Zagato, also finished in Caribbean Blue. Enhancing Marek Reichman's styling of the DBS Superleggera was never going to be easy, but with the DBS GT, Zagato showed exactly what has made it one of the world's most respected design houses for over a century. The 'double-bubble' roof, created to allow space for the driver to comfortably wear a racing helmet, is a signature piece of Zagato design. Constructed from carbon fiber to match the rest of the bodywork, the roof extends to the beautiful and aerodynamically designed tail, while the 'double-bubble' styling can also be seen in the sculpted hood. The signature Aston Martin grille is another focal point of the design, with individual pieces of carbon fiber that move to adjust airflow, further defining the DBS GT Zagato as an instantly recognizable and desirable model. Aston Martin's engineers have elevated the performance and status of the DBS Superleggera to another level. The power of the 5.2-liter twin-turbo V12 has been increased to 760hp with 900Nm of torque, all pushed through an eight-speed ZF automatic gearbox. The interior features opulent Dark Knight monotone leather with embossed Zagato headrest logos. In a first for Aston Martin, many of the trim elements utilize 3D-printed carbon and metal finishes. This includes the famous silver 3D-printed trim inlay that was a £25,000 ($33,000) option on the car. 'With an estimate of $3,500,000 - $4,500,000, the DBZ Centenary Collection set provides an unprecedented opportunity to acquire two iconic models that hold a remarkable place in motoring history,' adds Keck. 'The DB4 GT Zagato is a genuine icon of the 1960s, a timeless masterpiece of design that is worthy of any international collection. Add to that Zagato's modern approach in the DBS GT Zagato and you have two of the most desirable automobiles on the market today, celebrating two of the world's finest motoring brands in a truly exceptional way.' The Aston Martin DBZ Centenary Collection duo is expected to be a major highlight when Broad Arrow returns to The Monterey Jet Center in California for its fourth annual flagship sale on August 13-14. Held in conjunction with Motorlux at the start of Monterey Car Week, this prestigious auction will feature more than 170 desirable collector cars across all categories of the market, set to cross Broad Arrow's signature Monterey auction runway. Broad Arrow's 2024 Monterey Jet Center Auction totaled $71.5 million with an 85 percent sell-through rate, led by the 1997 Porsche 911 GT1 Rennversion at $7,045,000. Collectors interested in registering to bid at the Monterey Jet Center Auction are invited to speak with a Broad Arrow car specialist at +1 313 312 0780. Additional information on all lots is available at The complete digital catalog will be available in the coming week. Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to press@ 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. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. 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 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 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. Attachments The extremely rare Aston Martin DBZ Centenary Collection pairing to be offered at Broad Arrow's Monterey Jet Center Auction on August 13-14, 2025 DB4 GT Zagato Continuation to be offered from the DBZ Centenary Collection pairing at Broad Arrow's Monterey Jet Center Auction CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@ Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@ in to access your portfolio
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Ultra-rare 1998 RUF CTR 2 Sport headed to Monterey auction
Image: Supplied A sought-after 1998 RUF CTR 2 Sport is set to go under the hammer at the 2025 Monterey Jet Centre Auction on August 13—14. Offered by Broad Arrow Auctions, it's expected to fetch between $3m (R53m) and $3.5m (R61.8m). Unveiled in 1995, the CTR 2 was the second generation of RUF's ultra-high performance line and the first road legal RUF model sold in the US. Built on the Porsche 993-generation 911 chassis, it featured a race-bred 3.6 l twin-turbocharged air cooled flat-six engine inspired by the Group C Porsche 962. The powerplant delivered a mighty 432kW and 684Nm of torque. Performance was fierce, with a 0—100km/h time of 3.6 seconds and an estimated top speed of 350km/h. Gear changes were handled by a specially reinforced six-speed manual transmission developed in-house by RUF to cope with the engine's output. Other standout features included the first use of carbon disc brakes on a production road car, an integrated roll cage and a bi-functional rear wing. The Sport variant pushed the envelope further with a track-focused evolution that offered reduced weight, increased power and enhanced grip thanks to a widened track. Of the 29 CTR 2s produced, only 14 were Sport versions — making it an exceptionally rare machine. The 1998 CTR 2 Sport on offer at Monterey (chassis no W09BC0360WPR06007) was commissioned by Frank Beddor, patriarch of the Beddor family. It stands out among its rarefied peers as one of only four CTR 2 Sports specified with all-wheel drive. Delivered in non-metallic black over a black leather interior, the car remained in the Beddor family until 2007, when it was sold to Richard Gundeck of New Jersey. After suffering minor damage during transport, it was sent back to the RUF factory in Pfaffenhausen, Germany, where it received several upgrades and cosmetic repairs. These included a full green leather interior that now wraps nearly every surface inside the car, as well as Bilstein PSS10 coilovers. Offered with just 26,842km on the clock at the time of cataloguing and a fresh service from RUF North America in July 2025, this sought-after supercar exemplifies the dual nature of the CTR 2 Sport: brutal performance balanced by everyday usability. 'The RUF CTR 2 has quickly become one of the most sought-after supercars for today's most active buyers,' said Broad Arrow Senior Car Specialist Alexander Weaver. 'It offers race-ready dynamics wrapped in grand tourer luxury — something that appeals to today's younger collectors, with membership into what is perhaps one of the collector car market's most exclusive clubs. We're excited to continue our track record for selling the world's most desirable RUF and modified Porsche models in Monterey, a venue where we set new benchmarks for the manufacturer last year.'
Business Upturn
7 days ago
- Automotive
- Business Upturn
THE APEX AIR-COOLED RUF OF THE NINETIES: BROAD ARROW ADDS EXCEEDINGLY RARE RUF CTR 2 SPORT TO MONTEREY JET CENTER AUCTION
By GlobeNewswire Published on July 16, 2025, 22:00 IST Grosse Pointe, Michigan, July 16, 2025 (GLOBE NEWSWIRE) — Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is thrilled to bring an exciting group of RUF Manufaktur and Porsche-based performance cars to its 2025 Monterey Jet Center Auction. The group is led by the apex air-cooled production RUF of the nineties, a 1998 RUF CTR 2 Sport (Estimate: $3,000,000 – $3,500,000). For RUF, the original CTR Yellowbird's wild ambition was a tough act to follow, but with their CTR 2, they would surpass the predecessor in nearly every measurable way. Unveiled in 1995, the CTR 2 was the second generation of the cult-status manufacturer's ultra-high-performance line and the first road-legal RUF model sold in the U.S. Built on the Porsche 993-generation 911 chassis, it featured a race-bred 3.6-liter air-cooled flat-six engine inspired by the Group C Porsche 962. Tuned to 580 horsepower, the twin-turbocharged engine delivered 505 lb-ft of torque, propelling the car from zero-to-60 mph in just 3.6 seconds and to an estimated top speed of 217 mph—the world's fastest production car of its time. A RUF-modified six-speed manual transmission transfers the drivetrain's immense power and torque. Add a luxurious interior, avant-garde engineering like the first-ever use of carbon disc brakes on a production road car, and design departures like RUF's integrated roll cage and the showpiece bi-functional rear wing and that still wasn't enough for Alois Ruf. Determined to push the envelope further, RUF developed the CTR 2 Sport, a street-legal, track-focused evolution of the standard car. Of the mere 29 CTR 2 examples produced, just 14 were CTR 2 Sports —lighter, wider, more powerful, and even more exclusive. CTR 2 Sports retained all the aerodynamic and mechanical advancements of their siblings but added an extra layer of intent. The 1998 RUF CTR 2 on offer at Broad Arrow's Monterey Jet Center Auction, chassis no. W09BC0360WPR06007, was ordered new by the patriarch of the Beddor family, Frank Beddor. It stands apart even among its rarefied peers as one of just four CTR 2 examples specified with all-wheel drive. The car was ordered new in non-metallic Black over a black leather interior and remained with the Beddor family until 2007 when it was sold to Richard Gundeck of New Jersey. Upgrades and cosmetic repairs were carried out at the RUF factory in Pfaffenhausen, Germany, after the car was involved in a mishap while in transport. This refresh included the installation of the full green leather interior that wraps nearly every surface inside the Sport today, along with Bilstein PSS10 coilovers. Offered with just 16,679 miles at the time of cataloging and a full service from RUF North America in July 2025, this sought-after supercar exemplifies the dual nature of the CTR 2 Sport: brutal speed balanced by genuine usability. 'The RUF CTR 2 has quickly become one of the most sought-after supercars for today's most active buyers,' says Alexander Weaver, Senior Car Specialist & VP of Private Sales for Broad Arrow. 'It offers race-ready dynamics wrapped in grand tourer luxury—something that appeals to today's younger collectors, along with membership into what is perhaps one of the collector car market's most exclusive clubs. We're excited to continue our track record for selling the world's most desirable RUF and modified Porsche models in Monterey, a venue where we set new benchmarks for the manufacturer just last year.' Additional RUF and modified Porsche models joining Broad Arrow's Monterey Jet Center lineup include: 1991 Porsche 911 Reimagined by Singer DLS 'Dynamics and Lightweight Study' (Estimate: $2,900,000 – $3,200,000). One of only 75 DLS commissions undertaken, the 'Mame Commission' represents a rare and significant piece of modern automotive art. The DLS project sought to unlock the pinnacle of performance for the 964-generation Porsche 911 by employing an uncompromising approach to lightweight engineering. The bespoke car on offer is finished in custom Fluid Silver over an exquisite interior featuring Olive Green Suede, Black bead-blasted bright trim throughout, and visible Black tint satin carbon. Beneath the surface lies Singer's 4.0-liter naturally aspirated flat-six engine developed with Williams Advanced Engineering, producing 500 horsepower. With just over 250 miles at cataloging, the Mame Commission offers the opportunity to acquire one of the most exclusive and meticulously crafted Porsche 911 reimaginations from the very group that invented the genre. One of only 75 DLS commissions undertaken, the 'Mame Commission' represents a rare and significant piece of modern automotive art. The DLS project sought to unlock the pinnacle of performance for the 964-generation Porsche 911 by employing an uncompromising approach to lightweight engineering. The bespoke car on offer is finished in custom Fluid Silver over an exquisite interior featuring Olive Green Suede, Black bead-blasted bright trim throughout, and visible Black tint satin carbon. Beneath the surface lies Singer's 4.0-liter naturally aspirated flat-six engine developed with Williams Advanced Engineering, producing 500 horsepower. With just over 250 miles at cataloging, the Mame Commission offers the opportunity to acquire one of the most exclusive and meticulously crafted Porsche 911 reimaginations from the very group that invented the genre. 2011 RUF Rt Roadster (Estimate: $900,000 – $1,200,000). This is the singular RUF Rt Roadster, a reimagination of the original 1967 911 'soft-window' Targa with a fresh, modern take that once again showcased the brand's talent for interpreting icons ahead of the curve. Despite its rapturous reception, it was a true one-off coach build for a special customer. Based on the Rt 12 S, it is finished in bespoke Chroma Flash Hologram Matt over a Red leather interior and powered by a matching numbers twin-turbo 3.8-liter flat-six producing 600 horsepower and 538 lb-ft of torque, paired with a seven-speed double clutch transmission and all-wheel drive. Highly optioned and offered with just 6,907 miles from its original owner, this is an opportunity not to be missed. This is the singular RUF Rt Roadster, a reimagination of the original 1967 911 'soft-window' Targa with a fresh, modern take that once again showcased the brand's talent for interpreting icons ahead of the curve. Despite its rapturous reception, it was a true one-off coach build for a special customer. Based on the Rt 12 S, it is finished in bespoke Chroma Flash Hologram Matt over a Red leather interior and powered by a matching numbers twin-turbo 3.8-liter flat-six producing 600 horsepower and 538 lb-ft of torque, paired with a seven-speed double clutch transmission and all-wheel drive. Highly optioned and offered with just 6,907 miles from its original owner, this is an opportunity not to be missed. 1987 Porsche 911 RUF Carrera 3.4 'Goldfinger' (Estimate: $850,000 – $1,100,000). This is a spectacular U.S.-market 1987 Carrera Coupe converted by RUF in 2018. Commissioned by a private client who sought to combine the timeless lines of the 1974 3.0-liter RSR with a one-off character, Goldfinger is a turn-key masterpiece of German tuning ready to be enjoyed for its thrilling performance. Its air-cooled flat-six was enlarged to 3.4 liters, producing 270 horsepower, mated to a G50 five-speed transmission with an upgraded clutch. It features RSR-inspired bodywork finished in 991-generation Lime Gold Metallic paint over a bespoke buffalo dark brown leather and Pepita Houndstooth fabric interior. Further enhancements include an integrated roll cage (IRC), RUF-tuned dampers, and CTR-spec drilled, ventilated brakes. Exuding both presence and practicality, Goldfinger is offered with fewer than 5,000 km since its completion. Broad Arrow returns to The Monterey Jet Center in California for its fourth annual flagship sale on Wednesday, August 13 (6:00 pm PT auction start) and Thursday, August 14 (1:00 pm PT auction start). Held in conjunction with Motorlux—the best way to kick off Monterey Car Week—thousands of collectors and enthusiasts from around the world will be in attendance. The Monterey Jet Center auction will feature more than 170 collector cars across all categories of the market, set to cross Broad Arrow's signature Monterey auction runway. Broad Arrow's 2024 Monterey Jet Center Auction totaled $71.5 million with an 85 percent sell-through rate. Bidder registration and additional information on all cars on offer is available at with new consignments added daily. Interested bidders are invited to connect with a Broad Arrow car specialist at +1 313 312 0780. The complete digital catalog will be available in the coming weeks. Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to [email protected]. Editor's Notes Photos: 1998 RUF CTR 2 Sport (Credit – Zach Brehl / Courtesy of Broad Arrow Auctions) 1998 RUF CTR 2 Sport (Credit – Zach Brehl / Courtesy of Broad Arrow Auctions) Additional images of all cars available upon request. 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 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. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. 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 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 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. Attachments 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center Auction The leather-wrapped interior of the 1998 RUF CTR 2 Sport set for Broad Arrow's Monterey Jet Center Auction Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Globe and Mail
20-06-2025
- Automotive
- Globe and Mail
BROAD ARROW ADDS THE FOURTH SHELBY COBRA EVER BUILT, CSX 2003, TO MONTEREY JET CENTER AUCTION
Grosse Pointe, Michigan, June 20, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is honored to announce the presentation of one of the earliest Cobras ever built, the 1962 Shelby Cobra, CSX 2003, at its flagship Monterey Jet Center Auction on August 13-14, 2025. The highly significant and remarkably preserved Cobra is joined by additional modern American automotive legends, including a seldom-seen 2011 Hennessey Venom GT, and six cars offered from The American Performance Collection, led by a pair of highly optioned, extremely low-mileage limited edition 2017 Dodge Vipers. The 1962 Shelby Cobra on offer at the Monterey Jet Center Auction, CSX 2003, is the earliest serialized Cobra that may be available for decades to come. As one of the only original prototypes extant, CSX 2003 was completed at Ed Hugus' European Cars dealership in Pittsburgh as the fourth Shelby Cobra ever built. Hugus, like Shelby, was an accomplished sports car racer—one of the few Americans to compete at Le Mans ten times—and it was at his suggestion that Shelby pursued AC Cars in England, whose aging Ace roadster needed a new engine supplier, for his fledgling sports car idea. Shelby seized the opportunity to install Ford's new small-block V8, but he lacked the funding and facilities to begin production. Hugus stepped forward as Shelby's first ally—agreeing to promote, finance, and even help build the first Cobras—a partnership that would literally launch the legend of the Shelby Cobra. In early 1962, Hugus' best mechanics began installing the high-performance Ford 260 cu-in V8 HP experimental engines and Borg Warner four-speed transmissions into the AC aluminum British bodies, completing the very first Shelby Cobras for sale, including CSX 2001, the first production Cobra, and CSX 2003 through CSX 2007. This early effort was crucial to the Cobra's success: it bought Shelby enough time to secure Ford's official backing and set the stage for Shelby American's later triumphs on road and track. CSX 2003 is one of the only prototype examples, in its original, untouched form, known to exist today. Alongside CSX 2004, Ford's Special Vehicles Team in Dearborn evaluated the Cobra as a prerequisite to signing any formal agreement with Shelby. Company engineers—including Henry Ford II himself—inspected and drove CSX 2003 during this period, examining its design and capabilities first-hand. It was after this important testing period that the car was shipped to its first private owner, George Reed of Reed's Racing Rats Motors in Homewood, Illinois. In Reed's ownership, CSX 2003 was shown at the 12 Hours of Sebring in 1963. Sometime after this appearance, the car entered a short chain of private owners from 1969 until 1989, when it met Mr. Richard 'Doc' McAdam of Virginia, who would become its loving caretaker for the next 36 years. Mr. McAdam acquired the car somewhat serendipitously. He had purchased a 289 Cobra one year prior. That car's previous owner later approached McAdam seeking to repurchase his former Cobra. McAdam agreed, but only under specific conditions: 'only if you find me another Cobra, and if I approve, we can swap.' The 289 owner subsequently sourced CSX 2003 and presented it as a potential trade. Upon test driving the early Cobra, Mr. McAdam recognized its exceptional state of preservation and agreed to the trade. A few years after acquiring CSX 2003, Mr. McAdam received an invitation through his daughter—a Ford employee at the time—to attend a special event celebrating Carroll Shelby, hosted by Ford Motor Company in Washington, D.C. At this gathering, he had the honor of meeting Shelby personally, who examined the Cobra, praised its exceptional condition, and signed the inner door of the glove compartment. For the past 36 years, Mr. McAdam has cherished CSX 2003, even using the Cobra as his daily transportation to the hospital where he worked as a neurosurgeon. This daily use continued for many years until the Cobra's increasing value and rarity ultimately convinced him to retire it to climate-controlled storage. Even in retirement, however, the consignor and his sons would periodically exercise CSX 2003, ensuring it remained in proper working order while safeguarding its remarkable originality. CSX 2003 is presented at Broad Arrow's Monterey Jet Center Auction in its original configuration of Olde English White over a red interior, and complete with its original Experimental HP 260 cu-in engine, transmission, and rear end (Estimate: $1,500,000 - $2,000,000). This beautifully maintained and well-documented Cobra would be a worthy centerpiece for any collector who appreciates the profound story and unrepeatable provenance of the early Hugus-built Prototype Shelby Cobras. Watch the trailer for a film on this Cobra's fascinating history here. 'I have had the honor and the pleasure of helping clients buy and sell numerous Shelby Cobras over my more than forty years in the collector car business, and CSX 2003 is undoubtedly one of the most original and most significant examples I've ever encountered,' says Donnie Gould, Senior Car Specialist, Broad Arrow Auctions. 'This car's very existence is tied to the Shelby Cobra's origin story, and its current long-term ownership history embodies what attracts so many of us to this great hobby to begin with. We're privileged to present CSX 2003 at our Monterey Jet Center Auction for what is surely an unrepeatable opportunity.' Broad Arrow is delighted to present additional American automotive legends of the modern era in Monterey, led by a 2011 Hennessey Venom GT (Estimate: $350,000 - $450,000, Offered without reserve). The car on offer is chassis 03 of a mere 13 Venom GTs produced between 2011 and 2014. Finished in a striking Venom Red exterior over a black leather and Alcantara cabin, it shows fewer than 2,300 kilometers from new. The Venom GT inherited the timeless Anglo-American tradition of marrying raw American power with sophisticated British chassis architecture. It blends a bespoke carbon-fiber monocoque—sourced from Lotus—with a supercharged 6.2-liter LS9 V8 delivering 725 horsepower through a six-speed Ricardo manual transaxle. Carbon-ceramic Brembo brakes, fully independent suspension and adjustable aero elements ensure stability at extreme speeds, while an Alcantara-trimmed interior, comprehensive instrumentation, and factory-fitted air-conditioning—likely having to do with the Venom's Texas origins—demonstrate that creature comforts were not overlooked. The Venom GT offers a primitive, raw driving experience with the convenience of modern technology—a combination that appeals to today's younger, most active collectors. This is a low-mileage, speed-record-holding, ultra-rare American hypercar offered without reserve in Monterey, a moment not to be missed. Alongside the Venom GT, the American Performance Collection is bringing modern American horsepower to Monterey in spades. The collection features six extensively optioned Dodge and Chevrolet performance icons that are among the finest examples available. 'The American Performance Collection offers modern American automotive ferocity at its finest, with over 4,000 horsepower represented by just six cars,' says Harrison Platz, Car Specialist, Broad Arrow Auctions. 'Each of the cars was acquired from new by the owner and they all maintain extremely low miles today. For the rising generation of car collectors, these are the future of the hobby, with each car offering the best specifications, most interesting color combinations, and some of the highest horsepower examples available for the model.' The group includes: 2017 Dodge Viper GTC ACR Extreme Aero Package, a virtually new, time-capsule example of Dodge's ultimate track-capable supercar. Finished in custom matte gold enhanced with Black GTS stripes over a Black leather and Alcantara interior, it is one of six 'Black Stripe' editions built (Estimate: $325,000 - $375,000); 2017 Dodge Viper ACR Extreme Aero Package, one of just 193 Viper ACRs built for 2017. Finished in optional Gunmetal Pearl, this is the ultimate street-legal track variant of the Viper with significant advancements in aerodynamics and suspension technology (Estimate: $270,000 - $300,000); 2021 Dodge Challenger SRT Super Stock, handsomely specified in Smoke Show paint with Black Alcantara/Laguna leather interior and equipped with the Super Stock Package including beefed-up Brembo four-piston brakes, widebody fender flares, and drag-optimized components (Estimate: $90,000 - $100,000, Offered without reserve); 2023 Chevrolet Camaro ZL1 1LE, finished in Summit White with Satin Black hood wrap over a Jet Black interior with Red accents. This is a turnkey, road-legal track monster poised for both thrilling 650-horsepower performance and future collectability (Estimate: $85,000 - $95,000, Offered without reserve); 2015 Chevrolet Corvette Z06 Convertible, optioned with the top-level 3LZ Preferred Equipment Group. Finished in Shark Grey Metallic with a Black Convertible top and a Kalahari interior, this is a rare opportunity to acquire a near-new example of one of the fastest convertible C7s ever produced (Estimate: $70,000 - $80,000, Offered without reserve); 2016 Dodge Challenger SRT Hellcat, finished in Plum Crazy Pearl Coat over a Black Premium Laguna Leather interior. This is a virtually new example of the most powerful muscle car when new, rated at 707 horsepower (Estimate: $55,000 - $65,000, Offered without reserve). Broad Arrow returns to The Monterey Jet Center in California for its fourth annual flagship sale on August 13-14. Held in conjunction with Motorlux—the best way to kick off Monterey Car Week—thousands of collectors and enthusiasts from around the world will be in attendance. The Monterey Jet Center auction will feature up to 150 desirable collector cars across all categories of the market, set to cross Broad Arrow's signature Monterey auction runway. Broad Arrow's 2024 Monterey Jet Center Auction totaled $71.5 million with an 85 percent sell-through rate, led by the 1997 Porsche 911 GT1 Rennversion at $7,045,000. Collectors interested in consigning to or attending the Monterey Jet Center Auction are invited to speak with a Broad Arrow car specialist at +1 313 312 0780. Additional information on all lots to date as well as consignment information is available at Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to press@ Ends. Editor's Notes Photos: The 1962 Shelby 260 Cobra, CSX 2003, to be offered at Broad Arrow's 2025 Monterey Jet Center Auction (Credit – Andrew Benjack / Courtesy of Broad Arrow Auctions) CSX 2003's interior including glove compartment signed by Carroll Shelby (Credit – Andrew Benjack / Courtesy of Broad Arrow Auctions) The 2011 Hennessey Venom GT to be offered at Broad Arrow's 2025 Monterey Jet Center Auction (Credit – Tom Nisco / Courtesy of Broad Arrow Auctions) A snapshot of The American Performance Collection to be offered at Broad Arrow's 2025 Monterey Jet Center Auction (Credit – Nick Zabrecky / Courtesy of Broad Arrow Auctions) The pair of limited-edition Dodge Vipers offered from The American Performance Collection at Broad Arrow's 2025 Monterey Jet Center Auction (Credit – Nick Zabrecky / Courtesy of Broad Arrow Auctions) 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 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. Broad Arrow now expands its global auction footprint with two new auctions in 2025 to be held during Zoute Grand Prix and Auto Zürich. 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 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 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. Attachments
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
