Broad Arrow Achieves $71.5M Total in Monterey Led by Porsche 911 GT1 Rennversion

here .Broad Arrow's Monterey Auction debuted an immersive, runway-style auction block format well-received by collectors and industry insiders alike. The auction culminated in the sale of the  1997 Porsche 911 GT1 Rennversion, a highly regarded and superbly preserved example of the mere 9 customer GT1's constructed. The racer was contested by multiple bidders in the room and on the phone before selling for a final $7,045,000**.Beyond the top-selling cars, additional highlights include...

Monterey, 20/08/2024 (informazione.news - comunicati stampa - economia)

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Broad Arrow's Monterey Auction debuted an immersive, runway-style auction block format well-received by collectors and industry insiders alike. The auction culminated in the sale of the  , a highly regarded and superbly preserved example of the mere 9 customer GT1's constructed. The racer was contested by multiple bidders in the room and on the phone before selling for a final $7,045,000**.

Beyond the top-selling cars, additional highlights include no less than five auction records, led by a rare , at a final $2,095,000, representing a new record for any RUF at auction. Believed to be the only example in original ownership, the CTR 2 crowned a trio of highly desirable RUF models at the sale, all of which found new homes at strong prices.

"We would like to thank the guests who joined our third annual Motorlux event and auction at the Monterey Jet Center. We had record attendance with 42% of bidders registering to bid with Broad Arrow for the first time," said  . “Auction results during Monterey Car Week showed a greater bifurcation in the market, especially at the $1 million-plus level – more collectors were on the sidelines for $1 million-plus cars compared to recent years, but others engaged and bid actively, especially for more modern, next generation enthusiast cars.”

adds, “Broad Arrow serves a wide range of collecting interests; however, our catalog curation is decidedly “younger” than many of our competitors, a reflection of both the shifting tastes of the next generation of collectors and the expertise of our unmatched team of specialists. Modern and “youngtimer” cars taking center stage in the highest auction realm is no longer just a trend but is backed by a defined collecting base. Broad Arrow's success in this segment, including our market leadership of marques like Porsche and RUF, is well-illustrated by our Monterey auction results and beyond.”

Complete results from Broad Arrow's 2024 Monterey Auction are available at broadarrowauctions.com. Broad Arrow will conclude its annual calendar with the addition of The Chattanooga Auction on October 12, where approximately 100 collector cars will cross the block as part of the 2024 Chattanooga Motorcar Festival. Further information, including on consignment opportunities, available at broadarrowauctions.com.

*These figures include post-block sales which occurred immediately following the auction.

**All prices are listed in USD and include buyer's premium, which is equal to the sum of twelve percent (12%) of the first $250,000 of the Hammer Price and ten percent (10%) of the amount by which the Hammer Price exceeds $250,000 for all motor car lots. For non-motor car Lots, Buyer's Premium is twenty-five percent (25%) of the Hammer Price. 

 All images by Kayden Nelson © 2024 Courtesy of Broad Arrow Auctions.

Broad Arrow, a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and financier for car collectors with a commitment to integrity, trust, and innovation. Broad Arrow operates Broad Arrow Auctions, Broad Arrow Capital, and Broad Arrow Private Sales (formerly Collectors Garage) and is headquartered in Grosse Pointe, Michigan. For more information, please visit connect with us on Facebook, Instagram, Twitter and LinkedIn. 

Hagerty is an automotive enthusiast brand committed to saving driving and fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events, and automotive entertainment custom-made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the UK and is home to Hagerty Drivers Club, a community of more than 800,000 who can't get enough of cars. As a purpose-driven organization, Hagerty Impact aims to be a catalyst for positive change across the issues that matter most to our teams, our members, the broader automotive community, our shareholders and the planet at large. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, Twitter, LinkedIn, and YouTube. Press materials can be found at newsroom.hagerty.com.

 

 

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