Broad Arrow's Record $14.5 Million Auction: Classic Cars Shine
Broad Arrow's Spectacular Start to 2025 Auction Season
Broad Arrow Auctions, connected with Hagerty, commenced its 2025 auction season with an impressive exhibition featuring The Academy of Art University Collection Auction. This event was held at the University’s Museum facilities, showcasing a remarkable array of classic collector cars.
A Record-Breaking Achievement
On auction day, a dynamic atmosphere filled the room as substantial bidding took place, leading to a phenomenal total of $14.5 million in sales. The auction room buzzed with excitement as collectors, both present and participating online, engaged in spirited bidding for 105 exceptional vehicles, all sold without reserve. The presence of participants from 13 countries indicated a global interest in this curated collection.
Highlights of the Auction
One of the standout vehicles was a striking Strawberry Red 1955 Mercedes-Benz 300 SL Gullwing. This iconic automobile captivated spectators throughout the preview, ultimately achieving a staggering sale price of $1,490,000. Fueling the excitement, bidders participated energetically through both phone and online platforms, resulting in intense competition for this legendary model.
Expert Insights from Broad Arrow
Caroline Cassini, a Senior Car Specialist at Broad Arrow, expressed that the auction results sent a clear message: the passion for classic collector cars is as vibrant as ever. The success of this auction not only highlights the allure of the cars available but also emphasizes the skill and dedication of the Broad Arrow team in matching vehicles with buyers. The dedication shown in preserving the collection’s legacy truly honored its previous owners.
Noteworthy Sales from The Academy of Art University Collection
The auction featured several other notable sales besides the 300 SL Gullwing, reinforcing Broad Arrow’s reputation as a major player in the collector car space.
Top 10 Sales Overview
Among the top sales were:
- 1933 Chrysler Custom Imperial Dual-Windshield Phaeton by LeBaron sold for $1,039,000.
- 1937 Squire 1½-Liter Drophead Coupe by Corsica brought in $643,000.
- 1931 Invicta S-Type 4½-Litre Low Chassis Fixed Head Coupe at $445,000.
- 1932 Marmon Sixteen Convertible Sedan by LeBaron sold for $423,000, previously owned by J. Paul Getty.
All these transactions, from European classics to unique American automobiles, drew fierce competitors, illustrating a potent enthusiasm for vintage cars still present in today’s market.
Looking Forward: Upcoming Auctions
Following this successful event, Broad Arrow is preparing for its next auction, the Amelia Auction, scheduled for early March. This annual event will feature over 165 exquisite collector cars, including two standout Le Mans vehicles: the 1959 Ferrari 250 GT LWB California Spider Competizione and the remarkable 1954 Jaguar D-Type Works Competition.
Conclusion
Broad Arrow’s Academy of Art University Collection Auction not only achieved unprecedented financial results but also captivated collectors globally. This auction reflects not only the legacy of the cars sold but also the commitment of Broad Arrow Auctions to delivering exceptional experiences in the classic car auction market.
Frequently Asked Questions
What was the total sales value at the Broad Arrow auction?
The auction achieved an impressive total sales figure of $14.5 million.
Which car sold for the highest price at the auction?
The 1955 Mercedes-Benz 300 SL Gullwing topped the auction with a sale price of $1,490,000.
How many cars were sold during the event?
In total, 105 collector cars were sold at the auction.
Where was the auction held?
The auction took place at the Museum facilities of The Academy of Art University.
What is the next major auction scheduled by Broad Arrow?
The next major auction is the Amelia Auction, set for March, showcasing over 165 collector cars.
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