This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We look forward to welcoming everyone as the official auction house of The Amelia in March.. Broad Arrow Group Provo, UT 84604-6676. The collector car industry is highly complex and fragmented, with varying degrees of honesty and business integrity among industry participants, alongside extraordinary amounts of information and misinformation. Mit der Nutzung unserer Dienste erklren Sie sich damit einverstanden, dass wir Cookies verwenden. Broad Arrow Group, a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and financier for car collectors, with commitment to integrity, trust, and innovation. Required fields are marked *. This auction was the culmination of a relationship with Jim Taylor that began in the 1980s, and were honored that he chose Broad Arrow to pass his cars and collectibles on to new homes. Rounding out the group is the stunning 1934 Cadillac V-16 Fleetwood Aero-Dynamic Coupe. On the heels of a successful Monterey Jet Center Auction, Hagerty CEO McKeel Hagerty announced Broad Arrow Auctions as the official auction house of The Amelia starting in March 2023. Don't miss your opportunity to own a piece of automotive royaltyplace your bid and let the legacy of the 1954 Oldsmobile F-88 Concept Car live on in your collection. Buyer's premium for all non-motor car lots is twenty percent (20%) of the Hammer Price. Ever since its founding in 1929, the Academy of Art University has championed the premise that nothing should preclude a student from developing their artistic skills. The company was founded in 2021 by industry veterans who not only share their passion for cars but also a shared vision of bringing a new level of trust, simplicity, and accountability. For the latest news, follow us on Facebook, Twitter, and Instagram. We have a tremendous car culture here, and one of the reasons we started the car design program and the museum is that we felt San Francisco deserved it.. At the Academy of Art University, we are building on the strong foundation established by my father and grandfather to carry us into the twenty-first century., Check out theHagerty Media homepageso you dont miss a single story, or better yet,bookmark it. Every place you look, youre inspired. The collector car industry is highly complex and fragmented, with varying degrees of honesty and business integrity among industry participants, alongside extraordinary amounts of information and misinformation. From every angle, the F-88 exudes an air of elegance and sophistication. Complete results from Broad Arrows sale of Passion for the Drive: The Cars of Jim Taylor are available at broadarrowauctions.com. Another highlight is the sale of an impressive 1979 Porsche 935, the last in a line of ever-evolving, factory-built customer Porsche 911-based race cars and the overall winner of the 1979 24 Hours at Daytona. When my grandfather established the school, he believed that regardless of a students race, socioeconomic class, country of origin, or anything else that might qualify a student as diverse, they should be given the opportunity to explore and grow their talents, explains Dr. Elisa Stephens, the president of the Academy of Art University. Racer Media & Marketing, Inc., 17030 Red Hill Avenue, Irvine, CA 92614, 949.417.6700 While the exact provenance and historical significance of this particular F-88 are not specified, the allure and impact of this concept car make it an invaluable addition to any collection. Instead, only four examples were ever built, making it a rare gem that continues to captivate enthusiasts and collectors alike. Powering the F-88 is a potent Rocket V8 engine, which was the epitome of performance and innovation at the time. Cars in the collection include design icons from Bugatti, Cadillac, Duesenberg, Packard, and more. Together, Hagerty and Broad Arrow now offer a full suite of buying and selling options to the collector car community based on their individual needs, from both live and online auctions to private sales, classifieds, and financing solutions. Weve got great collectors in the North Bay, great collectors in the South Bay. To get our best stories delivered right to your inbox,subscribe to our newsletters., Your email address will not be published. The crowded auction room included bidders from around the world, both in person and via telephone, internet and absentee bids. The Academy of Art University Automotive Museum was founded in 2005 by Dr. Stephenss father, Dr. Richard A. Stephens, to give students a design perspective that they would not be able to receive anywhere else. We use cookies to enhance your experience. Your account is fully activated, you now have access to all content. The environment in San Francisco does that.. (801) 932-7000. 2022 Broad Arrow Group, Inc. All rights reserved. WebIn January 2022, Hagerty, Inc., (NYSE: HGTY) an automotive lifestyle brand and a leading Broad Arrows top auction sales of 2022 were led by a trio of Ferraris sold during Motorlux at the Monterey Jet Center Auction, representing high points in the marques illustrious history. We live in a three-dimensional world, so its important that students can feel the car, walk around it, and not be constrained to the two-dimensional world of drawing, essential as that may be. We look forward to continuing the momentum in West Palm Beach next month., Passion for the collector car hobby was contagious in Gloversville this weekend, adds Donnie Gould, Senior Car Specialist at Broad Arrow Auctions. Partner of USA Today Sports Digital Properties, Historic English sports cars announced for Gooding & Companys London Auction, Latest Vintage Motorsport celebrates a century of the 24 Hours of Le Mans, Formula Vee celebrates 60-year anniversary at Lime Rock Park, New A.J. Its notable early ownership includes Academy Awardwinning set designer, Cedric Gibbons, the designer of the Oscar statuette. Its not always logical, because were drawn to cars emotionally.. Broad Arrow Auctions Monterey Sale Will Feature A 1954 The low-slung stance, sweeping fenders, and aggressive front grille create a sense of speed and power that still resonates today. Another important aspect of the Academys mission is ensuring that the widest diversity of students has access to a creative education. Sign up for the Motorious Newsletter. From Polestar to Cyan, the race team driving Volvos to true north. Further stand-out auction highlights include: "We are very excited about the success of the inaugural Broad Arrow auction," said McKeel Hagerty, CEO of Hagerty. Broad Arrow Group, a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and financier for car collectors with a commitment to integrity, trust, and innovation. Rounding out the group is the stunning 1934 Cadillac V-16 Fleetwood Aero-Dynamic Coupe. In 2022, Collectors GarageBroad Arrows private sales business completed more than 60 private sales with an average transaction value well in excess of $1m, highlighted by some of the markets most significant motor cars, including one of the lowest mileage Ferrari F50s in the world. Broad Arrows buyers premium for all motor car lots 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. Public Surplus: Government Surplus Auctions Broad Arrow Auctions. Utah Provo City. WebBroad Arrow Group is delighted to announce a selection of highlight consignments from the Collection of Mr. John S. Hendricks for its upcoming Monterey auction on August 17-18, which will take place at the Monterey Jet Center as part of the Hagerty Motorlux event. Team | Collector Car Auctions | Broad Arrow Auctions It is truly incredible what our team has achieved during Broad Arrows first full year of operations. The only complete stick-shift Hertz Rent-A-Racer segment also drew great interest with two new auction records set, including a 1966 Shelby GT350 H Four-Speed at $313,000 and a 2016 Ford Shelby Mustang GT-H Coupe Executive Car at $179,200. Don't miss a thing - sign up to receive our emails and stay on top of everything happening at Broad Arrow. Despite its overwhelming popularity at the Motorama show, the F-88 was never put into production. One such iconic vehicle that continues to inspire awe is the 1954 Oldsmobile F-88 Concept Car. Not only does it represent Oldsmobile's vision of the future, but it also marked the end of an era. This remarkable piece of automotive history, currently featured on Broad Arrow Auctions, represents a pivotal moment in automotive design and has left an indelible mark on enthusiasts and collectors alike. Reputation Management: Welcome to the Jungle! 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. Though the specifics of the interior features are not detailed in the auction listing, one can imagine the meticulous craftsmanship and attention to detail that went into creating this automotive masterpiece. By using our services, you agree to our use of Classics from the Future Classic Driver and Nardone team up The 1954 Oldsmobile F-88 Concept Car stands as a testament to the power of visionary design and automotive innovation. Academy of Art University is the only professional art and design university to offer both design and restoration programs. This press release should be read in conjunction with the information included in our other press releases, reports and other filings with the SEC. The thing about design is that humans are illogical, and our emotional attachment to the products that we use, the clothes we wear, the cars we drive, cant be created by a machine.. While the exact provenance and historical significance of this particular F-88 are not specified, the allure and impact of this concept car make it an invaluable addition to any collection. Were very pleased with the overall results, which include spectacular individual sales for both cars and memorabilia that reflect the interests of todays enthusiasts., Passion for the Drive: The Cars of Jim Taylor Top Ten Sales, 2007 Ferrari 599 GTB Fiorano "Six-Speed Manual". My answer is that everything changes all the time, but its the emotional connections created by great works of art and design that are most significant. The numbers-matching 1957 Ferrari 250 GT LWB Berlinetta Tour de France will be offered through Broad Arrow Auctions on August 18. Your use of this website constitutes acceptance of our Privacy Policy and Terms & Conditions. Get Free ARW Updates ARW Shareholders What type of owners hold Arrow Electronics Inc stock? Tickets for The Amelia (March 2-5, 2023) will go on sale October 1 at www.ameliaconcours.com/event. With access to a museum of rare and classic vehicles totaling more than 120 cars, students can study design and apply that sense of craftsmanship to their own artistic pursuits. The Stutz SSJ, as it is often referred to, was built on a unique short-wheelbase chassis. Broad Arrow Auctions - Classics on Autotrader This single owner collection of more than 120 motor cars and nearly 500 lots of memorabilia will be presented in Mr. Taylor's hometown of Gloversville, New York on October 14-15. Broad Arrow Group clients now benefit from access to Hagertys impressive reach and range of services offered to collector car enthusiasts. Foyt documentary to debut July 17 at USAC, "More Than Just American Muscle" exhibit opens at Audrain Automobile Museum, RM Sotheby's tops $20 million at race-centric Le Mans Centenary Auction, Photos: Historic Trans Am joins NASCAR's Sonoma Weekend, RM Sotheby's unveils the ultimate 'barn find' featuring 20 Ferraris. By: VM Staff, RM Sothebys recently announced a once-in-a-generation collection of barn find Ferraris, aptly named The Lost & Found Collection, (), All contents copyright 2023, Racer Media & Marketing, Inc. All rights reserved. Hagerty is home to Hagerty Drivers Club, DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, The Amelia, the Concours d'Elegance of America, the Greenwich Concours d'Elegance, the California Mille, Motorlux, the Hagerty Drivers Foundation and more. Plush red leather upholstery adorns the seats, while chrome accents and elegant gauges adorn the dashboard. Upcoming Auctions | Collector Car Auctions | Broad Arrow Auctions WebIf you’ve ever wanted to own a Versailles-inspired estate in Utah, here’s your Broad Arrow Group (BAG) is a holding company founded to develop and operate a portfolio of businesses and brands that address the different needs of various segments of the collector car industry and to transform the collector car industry. WebBroad Arrow Auctions LLC. We offer courses both online and onsite and make it easy for them to access us online. , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Hagerty Raises $105 Million in Capital from Strategic Investors, Detroit Concours Announces Details for 2023 Event, Two Day Celebration of American Automotive Culture. We are grateful to Jim for entrusting Broad Arrow Auctions with the sale of his beloved group of cars and automobilia, carefully handpicked over the last 40 years. 57557, is one of the most famous designs on the Type 57 chassis. Equally impressive and incredibly rare is a 1932 The well-sorted car was equipped with many desirable factory features, eventually selling for a final $1,820,000, well-exceeding its pre-sale estimate of $1,200,000 to $1,400,000. NOTE: All prices are listed in USD and are inclusive of the applicable buyer's premium. Snchez visits Kyiv on the day Spain starts EU presidency to underline bloc's support for Ukraine, Sri Lanka's parliament to vote on debt restructuring plan amid economic crisis, Cambodia's Hun Sen kicks off campaign for virtually unopposed election, Chinese military delegation visited UK, France - ministry, Iowa auditor says new law will restrict his office's access to information. Peter Harholdt By VM Staff | 12.29.22 2:18 PM The fledgling Broad Arrow Group, a Hagerty company, achieved $86.7 million in total sales across three live auction events in the companys inaugural auction season, AugustNovember 2022. Its been an incredibly difficult decision, because were so deeply attached to them, says Dr. Stephens. The company will host its debut West Palm Beach Auction, November18-19 at the Palm Beach County Convention Center. Upcoming Auctions | Broad Arrow Auctions Broad Arrow Auctions The collection is constantly seeking new paths and as such, must constantly evolve. Thats a major focus for us, so that the students feel that there is forward motion., Aiding the Academys forward motion is its integration of artificial intelligence (AI) in its curricula. Its timeless beauty, striking design, and historic significance have made it an iconic symbol of automotive excellence. Learn more at broadarrowauctions.com. Plush red leather upholstery adorns the seats, while chrome accents and elegant gauges adorn the dashboard. In addition to the design program, the Academy offers a degree in automotive restoration. As it graces the pages of Broad Arrow Auctions, the opportunity to own this rare and legendary piece of automotive history is a once-in-a-lifetime chance for enthusiasts and collectors alike. Broad Arrow Auctions is excited to announce the final consignments for the upcoming 75th Anniversary Porsche Auction this 8-10 June in Atlanta, Georgia. As time marches forward, newer, more recent cars are now becoming classics, says Dr. Stephens. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. 3320 automatic, 33 jewels Despite its overwhelming popularity at the Motorama show, the F-88 was never put into production. "This event was not only important for establishing Broad Arrow as one of the premier auction houses in the industry, but it was also the first collaborative event under Hagerty's stewardship. Broad Arrow will kickstart its 2023 calendar with the companys inaugural Amelia Auction and debut as the official auction of The Amelia. Success! Located in the heart of San Francisco and with a total enrollment of 10,000, students enjoy a cosmopolitan, larger-school experience not found at other institutions. Broad Arrow Auctions One such iconic vehicle that continues to inspire awe is the 1954 Oldsmobile F-88 Concept Car. By continuing to visit this site you agree to our use of cookies. 2003. In the companys inaugural auction season, August November 2022, Broad Arrow Group, a Hagerty (NYSE: HGTY) company, achieved $86.7 million in total sales across three live auction events. 3657.20.31. This Remarkably Original 1950s Ferrari Racer Is Ready for a Two largely original Boss Mustangs in superb condition also exceeded expectations; a 1969 Ford Mustang Boss 429 brought a final $291,000, while a 1970 Ford Mustang Boss 302 sold for $224,000. We have great collectors in Silicon Valley. Broad Arrow saw strong bidder turnout, with more than 1,000 registered bidders remotely over the phones and via the internet, as well as in the Gloversville, NY auction room. Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, hosted the Ken Ahn is President of Hagerty Marketplace, which includes the companys new digital auctions and classifieds businesses, and he is also President of the Broad Arrow Group, a company that produces live auctions, facilitates private sales, and provides collectible-car financing. Broad Arrow Group is a holding company founded to develop and operate a portfolio of businesses and brands that address the needs of various segments of the collector car market and to transform the collector car industry. In November 2022, Hagerty also launched its Marketplace online auctions, which allow members and enthusiasts to buy and sell automobiles through a trusted, easy-to-use online auction platform. Great! Equally impressive and incredibly rare is a 1932 Stutz DV-32 Weymann Super Bearcat. This remarkable piece of automotive history, currently featured on Broad Arrow Auctions, represents a pivotal moment in automotive design and has left an indelible mark on enthusiasts and collectors alike. We get requests for the first-gen Mazda Miata. We look at AI as an important tool in processing a vast amount of data to analyze consumer trends. Broad Arrow Auctions, a Broad Arrow Group company, was founded by Broad Arrow Auctions. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for future periods. Auction veteran Lydia Fenet commanded the room from the rostrum, making her debut as Principal Auctioneer for Broad Arrow.
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