Exciting Results from Broad Arrow's First Chattanooga Auction
Broad Arrow Auctions, part of the Hagerty brand, recently marked a significant milestone with its inaugural Chattanooga Auction, bringing in a remarkable $12,265,520 in sales this past weekend. This successful event showcased an incredible selection of collectible cars, attracting bidders from 10 countries and 33 states throughout the nation. Impressively, over 50 percent of the bidders were new clients, eager to join the Broad Arrow community.
Highlights of the Auction
The standout lot of the auction was the exceptional 1984 Porsche 911 SC RS Gruppe B "Evolutionsserie," which fetched $2,000,000, even though it didn’t find a buyer during the auction itself. Fortunately, the rarity of this vehicle caught the eye of a collector, leading to a deal shortly after the event concluded. Besides this remarkable sale, several other Porsche models dominated the top ten lists, including the one-of-a-kind 1998 Porsche 911 Carrera S "Factory One-Off" Cabriolet, selling for $401,000.
Commentary from the Auctioneer
Barney Ruprecht, the Vice President of Auctions for Broad Arrow, expressed his satisfaction with the outcomes, stating that it was exhilarating to witness the level of engagement from attendees. The success of the top sales further verifies Broad Arrow's commitment to modern classics and supercars as the future of collectible vehicles. He highlighted how this auction served as an ideal close to their 2024 auction calendar.
Notable Collections and Competitive Bidding
Among the highlights were two distinct single-owner collections: the Stingray Survivor Collection and the Small Speed Collection. Bidders displayed intense interest in the five authentic C3-generation Corvettes from the Stingray Survivor Collection, resulting in multiple bidding rounds. The collection's crowning jewel, a 1969 Chevrolet Corvette 427/435 Stingray Convertible, concluded the sale at $112,000, exceeding initial estimates.
Values from Smaller Collections
The Small Speed Collection showcased six diminutive yet significant racing cars, with each attracting attention and competitive bids. A great example was the 1960 Alfa Romeo Giulietta Spider Veloce, which concluded at an impressive $81,200 against a backdrop of exciting back-and-forth bidding.
Broad Arrow’s Upcoming Auctions
Broad Arrow is shifting gears as it prepares for the upcoming Memorabilia Online Parts 1 & 2 Auctions. These auctions will feature over 180 lots encompassing notable F1 and motorsport collectibles. Part 1 is currently open for bidding until the end of October, while Part 2 follows shortly after, with lots available until mid-November.
Looking Ahead: The Amelia Auction
Furthermore, Broad Arrow is actively welcoming consignments for its third annual Amelia Auction, the official auction of The Amelia Concours d’Elegance, scheduled for early March 2025. Anyone interested in participating or obtaining additional information can find it on the Broad Arrow Auctions website.
Frequently Asked Questions
What was the total sales amount of the Chattanooga Auction?
The total sales from the inaugural Chattanooga Auction reached $12,265,520.
Which vehicle was the top seller at the auction?
The top seller was the 1984 Porsche 911 SC RS Gruppe B "Evolutionsserie," which sold for $2 million.
What other notable cars were sold during the auction?
Other noteworthy sales included the 1998 Porsche 911 Carrera S "Factory One-Off" Cabriolet, which fetched $401,000, and a 1969 Chevrolet Corvette 427/435 Stingray Convertible that sold for $112,000.
When is the next auction event for Broad Arrow?
The upcoming Memorabilia Online Auctions are set to begin with Part 1 closing on October 27.
How can I participate in future auctions?
To participate in future auctions, potential bidders can visit Broad Arrow Auctions' website for registration and consignment opportunities.
