Broad Arrow Auctions Kicks Off a Successful Year
Broad Arrow Auctions, an esteemed arm of Hagerty, recently embarked on its 2025 auction calendar with a remarkable showcase—the Academy of Art University Collection Auction. Held at the university's museum facilities, this auction captured the attention of classic car enthusiasts and collectors alike.
A Glance at the Auction Results
A stunning total of $14.5 million was achieved through the sale of 105 distinctive vehicles that thrill collectors of both pre- and post-War classics. A spirited atmosphere filled the room, with eager bidders both in-person and online making their presence felt. Thomas Forrester, Broad Arrow's European auctioneer, orchestrated the event, which witnessed active participation from bidders located in 13 countries. To everyone's delight, more than half of the bidders engaged in the action online.
Highlighting the Pinnacle Sale
Among the standout offerings, the exquisite *1955 Mercedes-Benz 300 SL Gullwing* sparked intense interest, culminating in competitive bidding that elevated its final sale price to $1,490,000. Originally estimated between $1,200,000 and $1,500,000, this elegantly crafted automobile became the marquee sale of the day, ultimately going to a new bidder via phone.
Remarks from Broad Arrow Specialists
Following the impressive auction results, Caroline Cassini, Senior Car Specialist, remarked on the vibrant sentiment surrounding classic collector cars. She highlighted the special nature of the cars that drew notable bidder interest, stating that the success reflected Broad Arrow's proficiency in facilitating private collection sales and connecting cars with diverse buyers.
Showcase of Notable Sales
Alongside the 300 SL Gullwing, the top ten sales from this auction depicted a dazzling array of American and European classic vehicles crafted between the 1920s and 1930s. One notable piece was the unique *1933 Chrysler Custom Imperial Dual-Windshield Phaeton,* which fetched $1,039,000. Additionally, a rare *1937 Squire 1½-Liter Drophead Coupe by Corsica* exceeded expectations selling for $643,000, reflecting the strong market presence of exquisite vintage cars.
Other Remarkable Sales
The auction's excitement didn't stop there. Other remarkable sales included the *1931 Invicta S-Type 4½-Litre Low Chassis Fixed Head Coupe*, which earned a final price of $445,000, and the historically significant *1932 Marmon Sixteen Convertible Sedan by LeBaron*, originally owned by J. Paul Getty, that sold for $423,000. As a testament to the auction's energy, numerous lots were pursued vigorously by determined bidders, showcasing the unwavering enthusiasm for classic automobiles.
Upcoming Events for Broad Arrow
With the Academy of Art University Collection Auction successfully concluded, Broad Arrow Auctions now shifts its attention to the highly anticipated Amelia Auction. Set to take place over two days at The Ritz-Carlton Amelia Island, this event will feature more than 165 exceptional collector cars. Among the highlights are legendary vehicles from Le Mans including a *1959 Ferrari 250 GT LWB California Spider Competizione* and a *1954 Jaguar D-Type Works Competition*.
Final Thoughts
Broad Arrow Auctions continues to thrive as a leading player in the collector car auction segment, demonstrating its ability to cater to an enthusiastic audience passionate about automotive history. The successful Academy of Art University Collection Auction marks a promising beginning to 2025, affirming the enduring allure of classic cars and their devoted collectors.
Frequently Asked Questions
What was the total sales amount for the auction?
The total sales amount for the auction was $14.5 million.
Which car was the top sale of the auction?
The *1955 Mercedes-Benz 300 SL Gullwing* sold for $1,490,000, making it the top sale.
How many bidders participated in the auction?
The auction saw enthusiastic participation from bidders across 13 countries, with more than 50 percent bidding online.
What does Broad Arrow Auctions specialize in?
Broad Arrow Auctions specializes in classic and collector vehicles, providing a platform for sales and auctions worldwide.
When is the next auction event planned?
The next event, the Amelia Auction, is scheduled for March 7-8 and will feature over 165 collector cars.
