Broad Arrow Auctions Sets New Records at 2025 Event
In a spectacular display of collector car enthusiasm, Broad Arrow Auctions, a renowned Hagerty (NYSE: HGTY) company, shattered records during its prestigious Monterey Jet Center auction. Over two thrilling days, fervent bidders raised their paddles to secure stunning vehicles, culminating in an impressive total sale of $57.4 million and an astounding 80 percent sell-through rate on all lots.
Historic Sales and Records Broken
Exciting Highlights from the Auction
Notably, the auction featured the breathtaking 2005 Maserati MC12 Stradale, which raised the bar with a final bid of $5,202,500. This remarkable sale set a new record for the MC12 model at auction, surpassing its previous record of $3,800,000. The competition was fierce among bidders, both in the room and on the phone, showcasing the car's undeniable desirability within the collector community.
Barney Ruprecht, Senior Car Specialist and Vice-President of Auctions for Broad Arrow, expressed pride in the auction's success, stating, "Our 2025 Monterey Jet Center Auction was another strong sale for Broad Arrow. The high-quality and relevant cars on offer resonated with collectors and industry insiders, leading to standout prices. We continue to see a strong demand for modern collectibles as the collector car market evolves."
Additional Noteworthy Sales
Several other vehicles also set records during the auction:
- The 2008 Koenigsegg CCXR, one of just 11 built, fetched $3,222,500, quadrupling its previous price from 2015.
- The virtually unused 1980 BMW M1 Procar achieved a sale price of $1,600,000, setting a new record for that model.
- The final SLR Roadster produced, the 2009 Mercedes-Benz SLR McLaren Prototype "Stealth", sold for $1,022,500, setting a record for any non-Stirling Moss edition.
- Bidder excitement was palpable for the ultra-rare 2011 Hennessey Venom GT, which enjoyed a competitive bidding war and concluded at $588,000, a new record for non-charity offerings of the model.
The Delights of Japanese Collectibles
This auction also marked Broad Arrow's most extensive collection of Japanese cars to date. Enthusiasts eagerly celebrated several JDM legends, including:
- The rare 1999 Nissan Skyline CRS GT-R V-Spec, which sold for an impressive $692,500.
- The celebrated 1998 Subaru Impreza 22B STi, known as the holy grail of high-performance Subarus, realized a sale of $235,200.
- The last lot of the auction, a pristine 1995 Toyota Supra RZ, exceeded selling estimates with a final bid of $80,640.
Classic Cars That Stole the Show
The auction also offered several exemplary classic cars that garnered significant interest:
- A stunning 1967 Ferrari 275 GTB/4 realized $2,562,500, while a 1963 Ferrari 250 GT Berlinetta Lusso, previously owned by David Letterman, brought in $1,622,500.
- The timeless 1955 Mercedes-Benz 300 SL Gullwing Coupe sold for $1,902,500, and a rare 1962 Shelby 260 Cobra achieved $1,545,000.
Upcoming Auctions and Continuing Success
Broad Arrow is set to continue its successful auction series with upcoming events. This fall, they will present an exciting online auction featuring motorsport collectibles, commencing late September. Among the highlights will be exclusive helmets from revered Formula One drivers.
Furthermore, Broad Arrow will expand its global reach with three new auctions planned for 2025. This includes the inaugural Zoute Concours Auction in Belgium, the Las Vegas Auction in partnership with the Concours at Wynn Las Vegas, and the Zürich Auction at the Dolder Grand hotel.
Frequently Asked Questions
What were the total sales at the 2025 Monterey Jet Center Auction?
The auction achieved a total of $57.4 million in sales.
Which car set a record price during the auction?
The 2005 Maserati MC12 Stradale set a record with a final bid of $5,202,500.
How many lots were sold during the auction?
Around 80 percent of all lots offered were sold, indicating strong interest from buyers.
What types of cars were featured at the auction?
Alongside modern collectibles, the auction showcased an extensive selection of Japanese cars and classic automobiles.
What upcoming events does Broad Arrow have planned?
Broad Arrow plans future auctions including the Zoute Concours Auction, Las Vegas Auction, and Zürich Auction, expanding its global footprint.
