Broad Arrow Auctions Monterey Jet Center 2022

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Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, today announced that sales from its first ever auction event on 18 August at the Monterey Jet Center totaled $55,256,900 with 88 percent of all 93 lots on offer sold.

The Thursday auction was held in conjunction with Hagerty’s reimagined Motorlux event (formerly McCall’s Motorworks Revival) on Wednesday evening, with thousands of guests across the two events viewing the cars on offer.

The packed auction room saw bidders joining from around the world, both in person and via telephone, internet, and absentee bids. Auction veteran, Lydia Fenet, commanded the room from the rostrum, making her debut as Principal Auctioneer for Broad Arrow. The evening sale was led by a three-owner, 5,000-mile, Classiche-certified 1995 Ferrari F50, which set a new world record price for the model at auction of $5,175,000, following an intense bidding battle between parties in the room and on the phone. The Ferrari F50 led the charge for a total of 14 new world record prices set by Broad Arrow on the night.

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