Broad Arrow Auctions Reports $61.7 Million in Sales Success
Broad Arrow Auctions Celebrates an Impressive Amelia Auction
In a remarkable showcase of automotive passion, Broad Arrow Auctions, a part of Hagerty, held its third annual Amelia Auction recently, achieving astounding sales of $61.7 million. This event, recognized as the official auction for The Amelia Concours d'Elegance, saw an impressive 88 percent of its lots sold. The excitement reverberated through the elegant venues, marked by a packed ballroom and a vibrant atmosphere on the oceanfront lawn of the Ritz-Carlton Amelia Island.
An Unforgettable Auction Experience
The auction took place over two thrilling days, where the energy in the room was electric. Lydia Fenet, Broad Arrow's Principal Auctioneer, led dynamic bidding wars, captivating both in-person and online attendees. Notably, bidder registration reached new heights, increasing by 22 percent compared to the previous year, with 60 percent of bidders participating directly at the auction, echoing the event's popularity.
A Diverse Audience
The event also attracted over 15,000 viewers via Broad Arrow's YouTube channel and was broadcast to millions through Hagerty's digital platforms. With such widespread interest, it's evident that the auction has become a must-attend event for automotive enthusiasts and collectors alike.
Highlighting Iconic Automobiles
The main attraction, a Ferrari Classiche-certified 1959 Ferrari 250 GT LWB California Spider Competizione with the chassis number 1451 GT, emerged as the star of the auction. This historical vehicle, notable for being one of only eight aluminum-bodied models, garnered fierce competition in bidding before ultimately selling for an impressive $9,465,000. Its rich history includes a podium finish at the prestigious 1959 24 Hours of Le Mans under its first owner, Bob Grossman.
Reflecting on Auction Success
Barney Ruprecht, Senior Car Specialist and Vice-President of Auctions, expressed his satisfaction with the auction outcomes, emphasizing the high-quality offerings that sparked frequent bidding among contestants both in the room and online. The auction highlighted the continuing strength of the collector car market, notably the soaring prices for luxury brands like Ferrari and Lamborghini.
Top Sales from the Auction
Beyond the crown jewel sale of the Ferrari California Spider, the auction featured other remarkable cars, including:
- 1971 Lamborghini Miura P400 SV – sold for $4,460,000
- 1954 Jaguar D-Type “OKV 2” Works Competition – valued at $4,295,000
- 1990 Ferrari F40 – fetching $3,665,000
- 2018 Pagani Huayra Roadster – sold for $3,415,000
- And many more legendary vehicles that captivated collectors.
Looking Ahead to Future Auctions
Following the illustrious Amelia Auction, Broad Arrow is gearing up for its next highlight: the Spring Memorabilia Online Auction, showcasing coveted motorsport memorabilia from April 21 to May 4. Additionally, their upcoming live event, the Porsche Air|Water Auction, is set to occur on April 26, featuring around 50 Porsches alongside sought-after automobilia. Enthusiasts and collectors are encouraged to explore limited consignment opportunities for these extraordinary auctions.
Conclusion and Future Engagement
Broad Arrow Auctions continues to position itself as a prominent player in the collector car market, striving to enhance the experience for bidders and enthusiasts. With the successful Amelia Auction behind them, the team is focused on maintaining this momentum in their upcoming events, catering to the growing community of car lovers.
Frequently Asked Questions
What were the total sales at the Amelia Auction?
The Amelia Auction achieved remarkable total sales of $61.7 million.
What was the highlight vehicle sold at the auction?
The highlight was a 1959 Ferrari 250 GT LWB California Spider Competizione which sold for $9,465,000.
How many lots were sold during the auction?
A total of 88 percent of all lots offered were sold during the auction.
When is the next auction scheduled?
The next auction is the Spring Memorabilia Online Auction from April 21 to May 4.
Where can we find more information about Broad Arrow Auctions?
More information is available at broadarrowauctions.com.
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