Latest news with #MC12
TimesLIVE
2 days ago
- Automotive
- TimesLIVE
Exotic Maserati MC12 Stradale heading to Monterey auction
Broad Arrow Auctions has confirmed the final entries for its flagship Monterey Jet Center Auction taking place on August 13 and 14. Headlining the event is a 2005 Maserati MC12 Stradale (chassis number 12095), one of only 50 road-going examples built to homologate Maserati's FIA GT1 racing car. With just over 11,500km on its odometer, the car carries a pre-auction estimate of R85.6m to R98.1m. The MC12 programme played a key role in re-establishing Maserati's presence in international motorsport while also giving rise to one of the most collectible supercars of the modern era. Chassis 12095 was completed in 2005, the final year of production, and is finished in Bianco Fuji pearlescent white with blue accents — a nod to the colours of the American Camoradi Scuderia that raced the Maserati Tipo 60/61 'Birdcage' in the early 1960s. The exterior is paired with a Blu leather and BrighTex fabric interior. Power comes from a 6.0 l Tipo M144A V12 engine derived from the Ferrari Enzo. In Maserati tune, the naturally aspirated unit delivers 470kW at 7,500rpm and 652Nm of torque at 5,500rpm. The example represents a rare opportunity to acquire a homologation special that bridges Maserati's rich competition heritage with modern GT1-era performance. Led by the MC12, Broad Arrow's Monterey Jet Center Auction will feature 170 collector cars over two days, covering a wide range of eras and segments. From contemporary hypercars and race-bred machines to post-war classics and rising JDM icons, the catalogue reflects the diversity of today's collector car market. Notable highlights include:
Yahoo
5 days ago
- Automotive
- Yahoo
MASERATI MC12 STRADALE SUPERCAR LEADS BROAD ARROW'S MONTEREY JET CENTER AUCTION OFFERING
COMPLETE DIGITAL CATALOG FOR AUGUST 13-14 AUCTION NOW AVAILABLE | TWO-DAY SALE FEATURES HIGHLY DESIRABLE COLLECTOR CARS ACROSS TODAY'S MOST ACTIVE MARKET CATEGORIES The landmark 2005 Maserati MC12 Stradale set to headline Broad Arrow's 2025 Monterey Jet Center Auction 2008 Koenigsegg CCXR offered at Broad Arrow's Monterey Jet Center Auction Grosse Pointe, Michigan, July 24, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is delighted to announce final entries for its flagship Monterey Jet Center Auction on August 13-14, led by a landmark 2005 Maserati MC12 Stradale, chassis number 12095. One of just 50 MC12 Stradale road cars built to homologate Maserati's dominant FIA GT1 racer, the car on offer shows just over 11,500 kilometers (Estimate: $4,800,000 - $5,500,000). 'The MC12 is the pinnacle of the Maserati brand—it's the marque's first and only supercar and the car that put it back on the competition map,' says Alexander Weaver, Senior Car Specialist and VP of Private Sales for Broad Arrow. 'While it is based around the Ferrari Enzo, the MC12 wears a competition-purpose body, offers a removable roof panel, and is significantly rarer, produced in just 50 units compared to the Enzo's 400. It is fresh from a comprehensive service, and ready to drive and enjoy.' The MC12 program is credited with successfully restoring Maserati to its rightful place among the world's most premier racing marques while simultaneously creating one of the most coveted road cars of the modern era. Chassis number 12095 was completed in 2005, the second and final year of production. It is finished in the signature Bianco Fuji pearlescent white livery with blue accents that paid homage to the colors of the America CAMORADI Scuderia, which campaigned the legendary Maserati Tipo 60/61 Birdcages in the early 1960s. The sporting exterior is complemented by a luxurious Blu leather and BrighTex fabric interior. The MC12 Stradale's technical foundation centered on the 6.0-liter Tipo M144A V12 engine derived from the Enzo. In Maserati tune, the powerplant produced 630 horsepower at 7,500 rpm and 481 lb-ft of torque at 5,500 rpm. The car on offer is a superb, road-going version of the era-defining GT racing car of the 2000s, offering the chance to own and experience a true homologation special that bridges Maserati's illustrious competition heritage with modern performance from one of the most dominant GT1 programs in history. Led by the MC12, Broad Arrow's Monterey Jet Center Auction will present 170 lots over two exciting days, a curation of some of the most highly desirable collector cars across today's most active segments of the market. From modern supercars and track-focused machines to timeless post-war classics and on-the-rise JDM icons, there's something for every automotive passion at the August 13-14 sale. 'Today's most active buyers at the top tier of the collector car market are a step younger and more focused on performance and usability,' says Barney Ruprecht, Senior Car Specialist and VP of Auctions, Broad Arrow. 'The cars they are after are nevertheless still best-of-category, incredibly rare, and of the highest quality, whether that means low mileage or careful preservation. Our 2025 Monterey Jet Center Auction presents a host of these highly desirable collector cars across the most active and sought-after segments of the market, from supercars to rising-star JDM variants.' Supercars Beyond the Maserati, additional supercar highlights for the Monterey Jet Center Auction include: 2008 Koenigsegg CCXR (Estimate: $2,750,000 - $3,500,000), one of just 11 examples built and merely three in the U.S. Well-maintained and tastefully upgraded throughout its life, this six-speed manual CCXR was featured in the fifth Fast & Furious film and offers a raw, analog driving experience seldom found in the modern hypercar era. 2018 Bugatti Chiron (Estimate: $3,000,000 - $3,500,000), a spectacular two-owner example that embodies all the grandeur of its breed, with over $500,000 in factory options. The Chiron's offering represents an opportunity to acquire a modestly driven example of Bugatti's era-defining hypercar in what is believed to be a one-of-one specification. 1991 Ferrari F40 (Estimate: $3,350,000 - $3,500,000), a remarkably original, preservation-grade, U.S.-market example with a mere 1,701 miles and long-term ownership history. 1968 Lamborghini Miura P400 (Estimate: $2,000,000 - $2,400,000), a Series II example of the original supercar, delivered new to Prince Abdul Elah bin Abdulaziz Al Saud of Saudi Arabia. Finished in its original combination of Bianco over a Rosso leather interior, the beautifully restored, matching-numbers car is equipped with its original factory 'special modified 380 BHP' engine. A pair of Countaches, including an original-owner, time-capsule 1988 Lamborghini Countach 5000 QV (Estimate: $800,000 - $900,000) and a 1989 Lamborghini Countach 25th Anniversary Edition (Estimate: $500,000 - $600,000), the ultimate and fastest edition of the Countach, formerly a staple of WWE superstar John Cena's esteemed car collection. 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" (Estimate: $1,000,000 - $1,250,000), the final SLR Roadster ever produced, retained by McLaren Special Operations (MSO) for testing and development. 2011 Hennessey Venom GT (Estimate: $350,000 - $450,000, Offered Without Reserve), a one-of-13, 2,300-km, American-assembled hypercar offered without reserve in Monterey. Track Stars Stand-out machines across numerous golden eras in motorsport history feature within Broad Arrow's Monterey Jet Center catalog. The latest racing entries for the sale are led by a 1959 Porsche 718 RSK Spyder, chassis number 718-023 (Est. $3,500,000 - $4,000,000). One of just 24 customer cars produced, the Spyder was piloted by gentleman racer Roy Schechter throughout 1959. The car clinched titles and podiums in SCCA competition and was raced internationally at Bahamas Speed Week and in Cuba. Beautifully restored, it retains its matching-numbers engine and is eligible for the most prestigious vintage racing and driving events in the hobby. Additional competition highlights include: 2022 Lamborghini Essenza SCV12 (Estimate: $1,600,000 - $2,200,000), a one-of-40 track-only special developed by Lamborghini's Squadra Corse racing division and styled by Centro Stile. Offered in unraced condition with delivery miles, this is the only example to feature tinted exposed carbon fiber. 1980 BMW M1 Procar (Estimate: $1,450,000 - $1,850,000), one of approximately 54 M1 Procar examples built and believed to be the only car that remains in virtually as-new, never-raced, remarkably original condition. 1999 Chrysler Viper GTS-R ORECA Works (Estimate: $850,000 - $1,250,000), a factory team car entered for the 1999 FIA GT Championship, piloted by Jean-Philippe Belloc, David Donohue, Justin Bell, and Dominique Dupuy. The proven track star won the 1999 Hockenheim and Budapest 500 Kms along with the Watkins Glen 3 Hours and is fully prepped and ready to compete once more in historic events. 1983 Porsche-Kremer CK5 Group C Endurance Racing Prototype (Estimate: $800,000 - $950,000), one of two CK5s produced for the 1982 and 1983 World Sportscar Championship. A fascinating, well-preserved artifact from the Group C era, the CK5 competed at the 1983 Le Mans 24 Hours piloted by Derek Warwick, Frank Jelinski, and Patrick Gaillard. JDM Icons Drawing more attention and increasingly strong results, the market for Japanese Domestic Market collector cars continues to accelerate. The Monterey Jet Center Auction features a curated selection of JDM icons at a variety of price points, led by an exceedingly rare 1999 Nissan Skyline CRS GT-R V-Spec by NISMO (Estimate: $700,000 - $850,000). This Omori Factory-restored R34 is the sole NISMO CRS finished in GV1 Black Pearl Metallic and represents a true masterpiece in engineering and design. Further JDM highlights: A pair of Honda NSX-R examples, including a 45,000-km 1994 Honda NSX-R (Estimate: $375,000 - $425,000), finished in Championship White with matching Enkei wheels, and a 39,000-km 1995 Honda NSX-R (Estimate: $375,000 - $425,000, Offered Without Reserve), beautifully preserved in its original Berlina Black paint and having had just one Japanese owner until 2024. 1998 Subaru Impreza 22B STi (Estimate: $200,000 - $250,000), one of 400 examples produced: the holy grail of high performance Subarus. Finished in Sonic Blue Mica with Gold BBS wheels, this is one of the most iconic rally-bred machines of the modern era. Post-War Classic Staples The post-war classic and sports car era is a staple of the collector car market, comprising timeless designs that remain highly desirable today. The group on offer at Broad Arrow's Monterey Jet Center Auction is led by a 1967 Ferrari 275 GTB/4, chassis number 09657 (Estimate: $2,500,000 - $3,000,000). This is one of only 330 factory-built 275 GTB/4s produced between 1966 and 1968, a matching-numbers example of one of the most beautiful and mechanically accomplished expressions of the Ferrari gran turismo ever built. Finished in period-correct Giallo Fly over black leather, the beautifully restored, well-documented car is ready for further enjoyment. Additional post-war highlights include: 1965 Ferrari 275 GTB (Estimate: $2,500,000 - $2,800,000), a Ferrari Classiche certified, matching-numbers, Ferrari Club of America award-winning, and exquisitely restored 'short-nose' example, finished in Argento Metallizzato. 1971 Ferrari 365 GTB/4 Daytona Spider (Estimate: $2,500,000 - $2,800,000), a rare, beautifully restored, and utterly iconic California-delivered Daytona Spider, one of just 96 examples destined for the U.S. market. The car displays a mere 34,360 miles—believed to be original—from just three owners since new. 1973 Ferrari 365 GTB/4 Daytona (Estimate: $600,000 - $700,000), a matching-numbers, multi-award-winning example of an iconic shape, presented in Bianco over a Nero and Rosso leather interior from the Bill and Linda Feldhorn Collection. 1957 BMW 507 Series I Roadster (Estimate: $1,800,000 - $2,200,000), one of a mere 252 examples built from 1956-1959 and one of just 34 early Series I cars. This is a beautifully kept and thoughtfully restored example of a hallowed model, offered from just two long-term owners since 1978. 1962 Shelby 260 Cobra, CSX 2003 (Estimate: $1,500,000 - $2,000,000), one of the only surviving prototype examples in its original form and just the fourth Cobra ever built. The incredible car is offered in Monterey from its loving caretaker of 36 years. A pair of 1963 Ferrari 250 GT Berlinetta Lusso examples, including a Ferrari Classiche certified, matching-numbers example recently cosmetically restored in Grigio Argento over Rosso leather finishes (Estimate: $1,500,000 - $1,800,000) and a matching-numbers, deep red example formerly owned by Late Show host and noted collector, David Letterman (Estimate: $1,500,000 - $1,800,000). A trio of Mercedes-Benz 300 SL examples, including a remarkably well-preserved, three-owner 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,100,000 - $1,300,000), finished in its largely original Fire Engine Red paint, a matching-numbers, exquisitely restored 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,850,000 - $2,200,000), finished in Anthracite Grey Metallic, and a matching-numbers 1955 Mercedes-Benz 300 SL Gullwing Coupe ($1,900,000 - $2,200,000), finished as originally specified in Silver Grey Metallic over a Blue interior with plaid fabric seats. 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. Bidder registration, the complete digital catalog, and additional information on all cars on offer is available at Interested bidders are invited to connect with a Broad Arrow car specialist at +1 313 312 0780. Members of the media on official assignment are invited to apply for media credentials for The Monterey Jet Center Auction by writing to press@ 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. 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 landmark 2005 Maserati MC12 Stradale set to headline Broad Arrow's 2025 Monterey Jet Center Auction 2008 Koenigsegg CCXR offered 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
Business Upturn
5 days ago
- Automotive
- Business Upturn
MASERATI MC12 STRADALE SUPERCAR LEADS BROAD ARROW'S MONTEREY JET CENTER AUCTION OFFERING
By GlobeNewswire Published on July 24, 2025, 22:16 IST Grosse Pointe, Michigan, July 24, 2025 (GLOBE NEWSWIRE) — Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is delighted to announce final entries for its flagship Monterey Jet Center Auction on August 13-14, led by a landmark 2005 Maserati MC12 Stradale, chassis number 12095. One of just 50 MC12 Stradale road cars built to homologate Maserati's dominant FIA GT1 racer, the car on offer shows just over 11,500 kilometers (Estimate: $4,800,000 – $5,500,000). 'The MC12 is the pinnacle of the Maserati brand—it's the marque's first and only supercar and the car that put it back on the competition map,' says Alexander Weaver, Senior Car Specialist and VP of Private Sales for Broad Arrow. 'While it is based around the Ferrari Enzo, the MC12 wears a competition-purpose body, offers a removable roof panel, and is significantly rarer, produced in just 50 units compared to the Enzo's 400. It is fresh from a comprehensive service, and ready to drive and enjoy.' The MC12 program is credited with successfully restoring Maserati to its rightful place among the world's most premier racing marques while simultaneously creating one of the most coveted road cars of the modern era. Chassis number 12095 was completed in 2005, the second and final year of production. It is finished in the signature Bianco Fuji pearlescent white livery with blue accents that paid homage to the colors of the America CAMORADI Scuderia, which campaigned the legendary Maserati Tipo 60/61 Birdcages in the early 1960s. The sporting exterior is complemented by a luxurious Blu leather and BrighTex fabric interior. The MC12 Stradale's technical foundation centered on the 6.0-liter Tipo M144A V12 engine derived from the Enzo. In Maserati tune, the powerplant produced 630 horsepower at 7,500 rpm and 481 lb-ft of torque at 5,500 rpm. The car on offer is a superb, road-going version of the era-defining GT racing car of the 2000s, offering the chance to own and experience a true homologation special that bridges Maserati's illustrious competition heritage with modern performance from one of the most dominant GT1 programs in history. Led by the MC12, Broad Arrow's Monterey Jet Center Auction will present 170 lots over two exciting days, a curation of some of the most highly desirable collector cars across today's most active segments of the market. From modern supercars and track-focused machines to timeless post-war classics and on-the-rise JDM icons, there's something for every automotive passion at the August 13-14 sale. 'Today's most active buyers at the top tier of the collector car market are a step younger and more focused on performance and usability,' says Barney Ruprecht, Senior Car Specialist and VP of Auctions, Broad Arrow. 'The cars they are after are nevertheless still best-of-category, incredibly rare, and of the highest quality, whether that means low mileage or careful preservation. Our 2025 Monterey Jet Center Auction presents a host of these highly desirable collector cars across the most active and sought-after segments of the market, from supercars to rising-star JDM variants.' Supercars Beyond the Maserati, additional supercar highlights for the Monterey Jet Center Auction include: 2008 Koenigsegg CCXR (Estimate: $2,750,000 – $3,500,000), one of just 11 examples built and merely three in the U.S. Well-maintained and tastefully upgraded throughout its life, this six-speed manual CCXR was featured in the fifth Fast & Furious film and offers a raw, analog driving experience seldom found in the modern hypercar era. (Estimate: $2,750,000 – $3,500,000), one of just 11 examples built and merely three in the U.S. Well-maintained and tastefully upgraded throughout its life, this six-speed manual CCXR was featured in the fifth film and offers a raw, analog driving experience seldom found in the modern hypercar era. 2018 Bugatti Chiron (Estimate: $3,000,000 – $3,500,000), a spectacular two-owner example that embodies all the grandeur of its breed, with over $500,000 in factory options. The Chiron's offering represents an opportunity to acquire a modestly driven example of Bugatti's era-defining hypercar in what is believed to be a one-of-one specification. (Estimate: $3,000,000 – $3,500,000), a spectacular two-owner example that embodies all the grandeur of its breed, with over $500,000 in factory options. The Chiron's offering represents an opportunity to acquire a modestly driven example of Bugatti's era-defining hypercar in what is believed to be a one-of-one specification. 1991 Ferrari F40 (Estimate: $3,350,000 – $3,500,000), a remarkably original, preservation-grade, U.S.-market example with a mere 1,701 miles and long-term ownership history. (Estimate: $3,350,000 – $3,500,000), a remarkably original, preservation-grade, U.S.-market example with a mere 1,701 miles and long-term ownership history. 1968 Lamborghini Miura P400 (Estimate: $2,000,000 – $2,400,000), a Series II example of the original supercar, delivered new to Prince Abdul Elah bin Abdulaziz Al Saud of Saudi Arabia. Finished in its original combination of Bianco over a Rosso leather interior, the beautifully restored, matching-numbers car is equipped with its original factory 'special modified 380 BHP' engine. (Estimate: $2,000,000 – $2,400,000), a Series II example of the original supercar, delivered new to Prince Abdul Elah bin Abdulaziz Al Saud of Saudi Arabia. Finished in its original combination of over a leather interior, the beautifully restored, matching-numbers car is equipped with its original factory 'special modified 380 BHP' engine. A pair of Countaches, including an original-owner, time-capsule 1988 Lamborghini Countach 5000 QV (Estimate: $800,000 – $900,000) and a 1989 Lamborghini Countach 25th Anniversary Edition (Estimate: $500,000 – $600,000), the ultimate and fastest edition of the Countach, formerly a staple of WWE superstar John Cena's esteemed car collection. (Estimate: $800,000 – $900,000) and a (Estimate: $500,000 – $600,000), the ultimate and fastest edition of the Countach, formerly a staple of WWE superstar John Cena's esteemed car collection. 2009 Mercedes-Benz SLR McLaren Prototype 'Stealth' (Estimate: $1,000,000 – $1,250,000), the final SLR Roadster ever produced, retained by McLaren Special Operations (MSO) for testing and development. (Estimate: $1,000,000 – $1,250,000), the final SLR Roadster ever produced, retained by McLaren Special Operations (MSO) for testing and development. 2011 Hennessey Venom GT (Estimate: $350,000 – $450,000, Offered Without Reserve), a one-of-13, 2,300-km, American-assembled hypercar offered without reserve in Monterey. Track Stars Stand-out machines across numerous golden eras in motorsport history feature within Broad Arrow's Monterey Jet Center catalog. The latest racing entries for the sale are led by a 1959 Porsche 718 RSK Spyder, chassis number 718-023 (Est. $3,500,000 – $4,000,000). One of just 24 customer cars produced, the Spyder was piloted by gentleman racer Roy Schechter throughout 1959. The car clinched titles and podiums in SCCA competition and was raced internationally at Bahamas Speed Week and in Cuba. Beautifully restored, it retains its matching-numbers engine and is eligible for the most prestigious vintage racing and driving events in the hobby. Additional competition highlights include: 2022 Lamborghini Essenza SCV12 (Estimate: $1,600,000 – $2,200,000), a one-of-40 track-only special developed by Lamborghini's Squadra Corse racing division and styled by Centro Stile. Offered in unraced condition with delivery miles, this is the only example to feature tinted exposed carbon fiber. (Estimate: $1,600,000 – $2,200,000), a one-of-40 track-only special developed by Lamborghini's Squadra Corse racing division and styled by Centro Stile. Offered in unraced condition with delivery miles, this is the only example to feature tinted exposed carbon fiber. 1980 BMW M1 Procar (Estimate: $1,450,000 – $1,850,000), one of approximately 54 M1 Procar examples built and believed to be the only car that remains in virtually as-new, never-raced, remarkably original condition. (Estimate: $1,450,000 – $1,850,000), one of approximately 54 M1 Procar examples built and believed to be the only car that remains in virtually as-new, never-raced, remarkably original condition. 1999 Chrysler Viper GTS-R ORECA Works (Estimate: $850,000 – $1,250,000), a factory team car entered for the 1999 FIA GT Championship, piloted by Jean-Philippe Belloc, David Donohue, Justin Bell, and Dominique Dupuy. The proven track star won the 1999 Hockenheim and Budapest 500 Kms along with the Watkins Glen 3 Hours and is fully prepped and ready to compete once more in historic events. (Estimate: $850,000 – $1,250,000), a factory team car entered for the 1999 FIA GT Championship, piloted by Jean-Philippe Belloc, David Donohue, Justin Bell, and Dominique Dupuy. The proven track star won the 1999 Hockenheim and Budapest 500 Kms along with the Watkins Glen 3 Hours and is fully prepped and ready to compete once more in historic events. 1983 Porsche-Kremer CK5 Group C Endurance Racing Prototype (Estimate: $800,000 – $950,000), one of two CK5s produced for the 1982 and 1983 World Sportscar Championship. A fascinating, well-preserved artifact from the Group C era, the CK5 competed at the 1983 Le Mans 24 Hours piloted by Derek Warwick, Frank Jelinski, and Patrick Gaillard. JDM Icons Drawing more attention and increasingly strong results, the market for Japanese Domestic Market collector cars continues to accelerate. The Monterey Jet Center Auction features a curated selection of JDM icons at a variety of price points, led by an exceedingly rare 1999 Nissan Skyline CRS GT-R V-Spec by NISMO (Estimate: $700,000 – $850,000). This Omori Factory-restored R34 is the sole NISMO CRS finished in GV1 Black Pearl Metallic and represents a true masterpiece in engineering and design. Further JDM highlights: A pair of Honda NSX-R examples, including a 45,000-km 1994 Honda NSX-R (Estimate: $375,000 – $425,000), finished in Championship White with matching Enkei wheels, and a 39,000-km 1995 Honda NSX-R (Estimate: $375,000 – $425,000, Offered Without Reserve), beautifully preserved in its original Berlina Black paint and having had just one Japanese owner until 2024. (Estimate: $375,000 – $425,000), finished in Championship White with matching Enkei wheels, and a 39,000-km (Estimate: $375,000 – $425,000, Offered Without Reserve), beautifully preserved in its original Berlina Black paint and having had just one Japanese owner until 2024. 1998 Subaru Impreza 22B STi (Estimate: $200,000 – $250,000), one of 400 examples produced: the holy grail of high performance Subarus. Finished in Sonic Blue Mica with Gold BBS wheels, this is one of the most iconic rally-bred machines of the modern era. Post-War Classic Staples The post-war classic and sports car era is a staple of the collector car market, comprising timeless designs that remain highly desirable today. The group on offer at Broad Arrow's Monterey Jet Center Auction is led by a 1967 Ferrari 275 GTB/4, chassis number 09657 (Estimate: $2,500,000 – $3,000,000). This is one of only 330 factory-built 275 GTB/4s produced between 1966 and 1968, a matching-numbers example of one of the most beautiful and mechanically accomplished expressions of the Ferrari gran turismo ever built. Finished in period-correct Giallo Fly over black leather, the beautifully restored, well-documented car is ready for further enjoyment. Additional post-war highlights include: 1965 Ferrari 275 GTB (Estimate: $2,500,000 – $2,800,000), a Ferrari Classiche certified, matching-numbers, Ferrari Club of America award-winning, and exquisitely restored 'short-nose' example, finished in Argento Metallizzato. (Estimate: $2,500,000 – $2,800,000), a Ferrari Classiche certified, matching-numbers, Ferrari Club of America award-winning, and exquisitely restored 'short-nose' example, finished in 1971 Ferrari 365 GTB/4 Daytona Spider (Estimate: $2,500,000 – $2,800,000), a rare, beautifully restored, and utterly iconic California-delivered Daytona Spider, one of just 96 examples destined for the U.S. market. The car displays a mere 34,360 miles—believed to be original—from just three owners since new. (Estimate: $2,500,000 – $2,800,000), a rare, beautifully restored, and utterly iconic California-delivered Daytona Spider, one of just 96 examples destined for the U.S. market. The car displays a mere 34,360 miles—believed to be original—from just three owners since new. 1973 Ferrari 365 GTB/4 Daytona (Estimate: $600,000 – $700,000), a matching-numbers, multi-award-winning example of an iconic shape, presented in Bianco over a Nero and Rosso leather interior from the Bill and Linda Feldhorn Collection. (Estimate: $600,000 – $700,000), a matching-numbers, multi-award-winning example of an iconic shape, presented in over a and leather interior from the Bill and Linda Feldhorn Collection. 1957 BMW 507 Series I Roadster (Estimate: $1,800,000 – $2,200,000), one of a mere 252 examples built from 1956-1959 and one of just 34 early Series I cars. This is a beautifully kept and thoughtfully restored example of a hallowed model, offered from just two long-term owners since 1978. (Estimate: $1,800,000 – $2,200,000), one of a mere 252 examples built from 1956-1959 and one of just 34 early Series I cars. This is a beautifully kept and thoughtfully restored example of a hallowed model, offered from just two long-term owners since 1978. 1962 Shelby 260 Cobra , CSX 2003 (Estimate: $1,500,000 – $2,000,000), one of the only surviving prototype examples in its original form and just the fourth Cobra ever built. The incredible car is offered in Monterey from its loving caretaker of 36 years. , CSX 2003 (Estimate: $1,500,000 – $2,000,000), one of the only surviving prototype examples in its original form and just the fourth Cobra ever built. The incredible car is offered in Monterey from its loving caretaker of 36 years. A pair of 1963 Ferrari 250 GT Berlinetta Lusso examples, including a Ferrari Classiche certified, matching-numbers example recently cosmetically restored in Grigio Argento over Rosso leather finishes (Estimate: $1,500,000 – $1,800,000) and a matching-numbers, deep red example formerly owned by Late Show host and noted collector, David Letterman (Estimate: $1,500,000 – $1,800,000). examples, including a Ferrari Classiche certified, matching-numbers example recently cosmetically restored in over leather finishes (Estimate: $1,500,000 – $1,800,000) and a matching-numbers, deep red example formerly owned by Late Show host and noted collector, David Letterman (Estimate: $1,500,000 – $1,800,000). A trio of Mercedes-Benz 300 SL examples, including a remarkably well-preserved, three-owner 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,100,000 – $1,300,000), finished in its largely original Fire Engine Red paint, a matching-numbers, exquisitely restored 1960 Mercedes-Benz 300 SL Roadster (Estimate: $1,850,000 – $2,200,000), finished in Anthracite Grey Metallic, and a matching-numbers 1955 Mercedes-Benz 300 SL Gullwing Coupe ($1,900,000 – $2,200,000), finished as originally specified in Silver Grey Metallic over a Blue interior with plaid fabric seats. 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. Bidder registration, the complete digital catalog, and additional information on all cars on offer is available at Interested bidders are invited to connect with a Broad Arrow car specialist at +1 313 312 0780. 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 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 The landmark 2005 Maserati MC12 Stradale set to headline Broad Arrow's 2025 Monterey Jet Center Auction 2008 Koenigsegg CCXR offered at 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. 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Motor Trend
09-07-2025
- Automotive
- Motor Trend
MC Hammered: A Ferrari Enzo Goes Into Rehab and Ends Up In Finishing School
[This story first appeared in the June 2005 issue of MotorTrend] Remember the show, "Victor/Victoria"? It contrived musical merriment by having Julie Andrews play a woman pretending to be a man pretending to be a woman. There's a strikingly similar story line behind the supercar you see here. Its basic carbon composite chassis and 65-degree V-12 drivetrain started life in the street-legal Ferrari Enzo. Maserati did an extreme makeover, transforming the Enzo into an FIA GT race car. Then, with another nip and tuck, it was morphed back into a street-legal vehicle for a production run of 25 cars to satisfy series homologation rules. The Maserati MC12, a transformed Ferrari Enzo, features extensive modifications for street use, including a longer wheelbase and aerodynamic tweaks. With a 624-hp V-12 engine, it offers a unique driving experience and exclusivity but lacks the creature comforts of other contemporary supercars. This summary was generated by AI using content from this MotorTrend article Read Next In the movie and play, Andrews is at her most alluringly feminine when festooned as Victor the drag queen, and it turns out that the Enzo makes a more comfortable and attractive road car when made over as a butch Maserati racer in street couture. Let's slip into the dressing room and examine the costume changes. The transformation from Enzo to MC12 Versione Competizione is extensive. The wheelbase is extended 5.9 inches, and the nose and tail are stretched to add another 11.5 to the overall length in the name of optimized aerodynamics. This long, pointy shape, along with the wings, spoilers, and underbody venturis, provide enough downforce to change the static 41/59 front/rear weight distribution to 34/66 at speeds above 125 mph. The body also is 2.2 inches taller (due to the roof-mounted air-intake snorkel) and 2.4 inches wider. The windshield is the only exterior part directly carried over from the Enzo. The overall look is voluptuous and slightly reminiscent of a Jaguar XJ220. Under the new skin, much of the carbon fiber structure, suspension, and brake hardware is Enzo derived. The engine is hardened for race duty with an upgraded dry-sump oil-scavenging system and gear-driven cams in place of the Enzo's chains. The cams, pistons, and engine control system are tuned for optimum performance breathing through the mandatory 33mm intake restrictor. Ferrari's six-speed auto-clutch paddle-shifted gearbox is little changed. All race versions are painted dark Maserati blue. The race car transformation is quite convincing in battle. Maserati fielded two MC12s in the last four races of the 2004 season, taking two wins, three seconds, and one third-place finish. The team is gunning heavily for the FIA GT championship this year, and there are plans to compete in all American Le Mans Series races in 2005. Maserati won't be eligible for driver or manufacturer points in ALMS, however, because the car is longer and wider than the Automobile Club de l'Ouest regulations allow. Recostuming the race car for Stradale duty went way beyond the bare minimum lighting, emissions, and safety requirements needed to certify the MC12 for legal road use. Because the 90-year-old company was determined to make a genuinely desirable halo supercar out of its FIA racer, it chose to add such touches as a removable roof panel--a bonus not offered on the quasi-gullwing Enzo. The lightweight removable roof panel unclips and lifts off as easily as a Corvette's, but can't be stored on board. The interior is also far more opulent than one might expect in a rehabbed racer. There's still plenty of naked gel-coated carbon fiber showing on the floor and door panels, but it's dressed up with blue leather and BrighTex fabric--a silver lame type material overlaid with a grippy, open-weave mesh that brings the look of carbon fiber to the seat inserts and upper dash. Air conditioning is standard; an audio system isn't offered (what musician would dare shout down the glorious sound of a racebred V-12, anyway?). All street versions are painted pearl white over blue. Mechanical revisions to the road car include more docile cams and engine tuning. Output is rated at 624 horsepower and 479 pound-feet of torque. Race teams never divulge official engine output, but the Competizione's peak numbers are assumed to be close, with differently shaped power and torque curves. The Enzo made 651 horsepower and 485 pound-feet and redlined at 8200 rpm. Maserati paints the redline at 7500 revs in the MC12 Stradale, but lets it rev to 7700. The racing brakes and tires are swapped for more street-friendly compounds, and the track widths are reduced slightly. The pushrod-actuated coil-over Boge shocks aren't adjustable like the Enzo's and are tuned for a more compliant ride over small impacts. Relative to the race car, the aerodynamics are toned down, trading the adjustable rear wing for a lower profile unit that overhangs the body to give the sideview mirrors a better view of what's directly behind the car. This is crucial, because the engine air-intake snorkel blocks what would've been the rear visibility. Enough backstage banter--let's get this show on the road. The test track built in Balocco, Italy, in the 1960s for Alfa Romeo's Formula One team is an ideal stage on which to strut the MC12's stuff. Its 4.75-mile tri-oval would be a great place to probe the claimed 205-mph top speed if not for a half-dozen narrow chicanes erected in hopes of making three test cars survive four waves of ham-fisted journalist test-drives. Team driver Fabrizio de Simone gives a hair-raising lap in a Quattroporte, threading the big sedan through the chicanes deftly at about 40 mph, leaving his braking until roughly the middle of each posted braking zone. Given just two laps of the high-speed track, the first couple of chicanes are negotiated at well under de Simone's pace. This car measures nearly eight inches wider than a Quattroporte, after all. But the quick, precise steering and excellent forward visibility quickly build confidence and chicane speeds. By the second lap, it feels right to carry nearly 40 mph through the gates leading onto a mile-long straight and then floor the accelerator. The steady, strong push is attended by what sounds like the MGM lion roaring in the engine room. After four such growls, the speedometer just kisses 170 mph as the first braking marker flashes by. A deep steady stab of the brake erases three-quarters of the entry speed with no sign of fade except an ever-stiffening pedal. No side-to-side squirming or darting; just steady, stable deceleration. For act two, the cars are turned loose on part of a 6.7-mile handling circuit for another two-lap session. Lap one, driven as one would on an unfamiliar public road, reveals incredibly communicative and confident steering that becomes more so as the speed and aero downforce increase. Street compound brakes make no noise, can be applied smoothly and gently at any speed, and don't require heating up to become effective as racing brakes do. The road-legal Pirelli PZero Corsas feature a tread pattern that's about 34 percent open in the front, 28 percent in the rear, so there's a bit of squirm on initial turn-in. But at higher speeds, there's less tramlining and very little nervousness at the wheel. Dialing up the heat a bit for lap two reveals relatively high but safely approachable levels of lateral grip. Time the trail braking just right and feed just enough throttle in to spin the tires by an amount allowed by the ASR traction control's "Race" programming, and the car adopts a nice, satisfying drift, setting up perfectly for the next corner. There's none of the "knife-edged limit handling" we criticized in the more extreme Enzo. It's even more forgiving at the limit than an Acura NSX. The brakes are strong, but they demand a bit of respect. One self-described pro-rally driving journo piloting the Stradale as if he were in competizione managed to return with flames shooting off the pads. At the end of the day, we strap our test gear onto the MC12 to quantify its straight-line capabilities (the black lakes and skidpads were off-limits). To launch the car, simply engage the Race mode (to quicken shifts and allow more wheelspin before the ASR kicks in), then quickly open the throttle about 30 to 50 percent--enough to call for a big clutch drop, but not so much that the engine overpowers the ASR--then feed throttle in gradually as the grip allows. It's easier than it sounds--our second launch is our best. (Note that the rear brakes need to be cool for ASR to work at all.) Get it right, and the tires hook up by around 3500 rpm. Pull the upshift paddle just before fuel shutoff at 7700 rpm in each gear, and 60 mph arrives in 3.7 seconds, the quarter mile in 11.8 at 123.9 mph. That's about 0.3 second behind an Enzo at 60 mph and 0.8 back at the quarter mile. Can't have a Maserati outperforming the ultimate Ferrari, can we? Engine tuning and increased aero drag account for the difference. Perhaps a more apt comparison is with the similarly easy-to-drive Mercedes-Benz McLaren SLR, which performs within a couple tenths of the MC12. Of course, the SLR offers a trunk that'll carry golf clubs; it costs about half as much as the MC12, and it can be imported legally to the U.S. The MC12 carries nothing but two people, some gloves, and 30 gallons of premium fuel. It sells for 600,000 euros or just a shade under $800,000. It's not homologated for U.S. sale, but a handful of cars can be imported under the show-and-display law. The first 25 cars sold out quickly in 2004. There are more than 25 orders for the 2005 run, but the cars haven't all been assigned yet, so there's still time to fill a suitcase with "incentive" cash and hop a plane to Modena. Do so, and you'll own a car that'll forever keep folks guessing. What's Hot: FIA-approved style and substance; low-danger dynamics; nearly as rare as the last Cooper-Maserati V-12s What's Not: No trunk; no spare tire; no radio Like This? Try These: Saleen S7; 1992-1994 Jaguar XJ220; 1998 Mercedes-Benz CLK-GTR Who's Calling the Shots at Maserati? The February "sale" of Maserati from Ferrari to Fiat was widely reported to be a simple shell game to move the high costs of developing the Quattroporte and Coupe/Spyder replacement off Ferrari's balance sheets in hopes of boosting the share price when the company goes public, probably within a year. But Maserati stands to gain from the deal, as well. Here's what happened: Ferrari Maserati Group was divided into two autonomous entities under Fiat SpA, standing alongside Fiat Auto (Alfa Romeo, Lancia, and Fiat brands), Iveco trucks, and CNH (agricultural and industrial products). A technical alliance remains with Ferrari, which will continue to build and co-develop engines and transmissions for Maserati, share Formula One technology, etc. A new commercial and technical partnership has been formed with Alfa Romeo. Alfa's larger-scale manufacturing and purchasing power are expected to help Maserati expand to fill its 10,000-unit capacity with a higher volume, lower priced product. The concept has worked for archrival Porsche. With the 911 firmly established as the hallmark of the brand, the German niche-player teamed with the mass-market experts at VW to launch the comparatively high-volume Cayenne. Will the Trident also build an SUV? Maybe. But there's so little SUV expertise to tap into within Fiat that a better guess might be a Boxster-priced junior sports car, which Alfa could offer more help with.
Express Tribune
21-03-2025
- Business
- Express Tribune
WTO says Pakistan accepts agreement on fisheries subsidies
The World Trade Organisation (WTO) said on Thursday that Pakistan has formally accepted the agreement on fisheries subsidies. Pakistan deposited its instrument of acceptance of the Agreement on Fisheries Subsidies. Ambassador Ali Sarfraz Hussain presented Pakistan's instrument of acceptance to Director-General Ngozi Okonjo-Iweala. DG Okonjo-Iweala said: "Pakistan's formal acceptance of the Agreement on Fisheries Subsidies marks a vital step toward ensuring the long-term sustainability of global marine resources, while safeguarding the livelihoods and food security of the millions of people who depend on healthy fisheries. "By joining this collective effort, Pakistan demonstrates its commitment to its coastal communities and the environment and it becomes eligible for resources from our Fish Fund. I encourage the remaining WTO members to swiftly follow suit – we need only 17 more." Ambassador Hussain said: "Pakistan is delighted to deposit its instrument of ratification for the WTO Agreement on Fisheries Subsidies. It reflects the unwavering commitment of the Government of Pakistan to safeguard our marine resources, a vital component of our national economy and the livelihoods of our coastal communities. We recognize the critical role that this Agreement can play in curbing harmful fishing practices and in ensuring the long-term health of our oceans. We urge all WTO members to join us in this essential global effort." Pakistan's instrument of acceptance brings to 94 the total number of WTO members that have formally accepted the Agreement. Seventeen more formal acceptances are needed for the Agreement to come into effect. The Agreement will enter into force upon acceptance by two-thirds of the membership. Adopted by consensus at the WTO's 12th Ministerial Conference (MC12), held in Geneva on 12-17 June 2022, the Agreement on Fisheries Subsidies sets new, binding, multilateral rules to curb harmful subsidies.
