Broad Arrow Auction During Monterey Car Week at the Monterey Jet Center August 17-18, 2023
August 17 @ 9:00 am - August 18 @ 5:00 pm$200
The Broad Arrow Action will be auctioning off over 170 highly collectible vintage cars during Monterey Car Week at the Monterey Jet Center in Monterey, California. The auction will take place in conjunction with the Hagerty Motorlux Car and Jet Show (formerly known as the “McCall’s Motorworks Revival) on Thursday, August 17, and Friday, August 18, 2023.
From the Monterey Jet Center, Broad Arrow will auction an impressive array of world-class vehicles from car collector favorites such as marques, including sought-after brands like Ferrari, Mercedes, Porsche, Lamborghini, Aston Martin, Vetore, Bentley, Peugeot, Jaguar, and more.
Among the 170 vehicles to come under the hammer, over thirty vehicles are priced to sell for over one million dollars.
One such million-dollar car is an ultra-rare 1985 Ferrari 288 GTO with only 272 ever produced. This 288 GTO is thought to be the first supercar Ferrari ever built and is expected to have a hammer price between $4,250,000 and $4,750,000.
Another million-dollar supercar for sale is a low-mileage 2008 Lamborghini Reventon (463 miles). This particular Lamborghini Reventon is one of the most sought-after Lamborghinis in the world and reflects that in a selling price of between $1,800,000 – $2,100,000.
Yet another ultra-rare million-dollar supercar up for sale is a 1993 Vector Avtech WX-3 Prototype. The Vector WX-3 was the first supercar to accelerate from 0 to 60mph in just 3.3 seconds. The car is powered by a modified twin-turbo Chevy V8 producing 650 horsepower that twists an automatic TM425 Transaxle with an estimated to sell between $1,500,000 and $2,000,000.
Further, in the luxury million-dollar category, Broad Arrow will be presenting a decked-out 1966 Mercedes-Benz 600 Pullman Landaulet (limousine). Mercedes-Benz only built 33 examples of the car and it is extremely rare due to its longstanding corporate and factory ownership in Germany. The Mercedes-Benz 600 is expected to cross the red carpet with an estimated value of $2,250,000 – $2,650,000.
Lastly, in the sports category is a 1973 Porsche 911 Carrera “Lightweight” Safari Rallye off-road hero. This car has won many international off-road rallies, is 100% restored, and is estimated to sell for between $2,500,000–$3,000,000.
Other Highly Collectible Million Dollar Featured Cars Include:
• A (2015) Porsche 918 Spyder Single Owner (Estimate Price: $1,850,000 – $2,100,000)
• A (1953) Siata 208CS Balbo Berlinetta and Award Winner (Estimate Price: $1,400,000 – $1,700,000)
• A (2019) Porsche RS GT2 Clubsport 25 “Manthey Racer” (Estimate Price: $800,000 – $1,000,000)
• A (2019) Porsche RS GT2Clubsport (Estimated Price: $500,000 – $6500,000)
• See All Cars Here
Some final additions to the million-dollar category include such iconic cars as this legendary 2007 Porsche RS Spyder Evo with an estimated value between $5,000,000 and $6,000,000 and this rare 1995 Ferrari F50, valued at $4,000,000 to $4,500,000. Yet even more cars include a stunning 1956 Maserati A6G/54 Zagato Berlinetta, expected to fetch between $3,250,000 and $3,750,000, a rare 1954 Oldsmobile F-88 Concept Car with an estimated price range of $2,000,000 to $3,000,000, and an elegant 1964 Ferrari 250 GT Lusso Berlinetta with an estimated value of $1,900,000 to $2,300,000.
Kenneth Ahn, President of Hagerty Marketplace states, “On behalf of the Hagerty and Broad Arrow team, we look forward to welcoming car lovers and enthusiasts in Monterey, California. Expanded to a two-day sale format this year, for our second-ever auction on the Monterey Peninsula, we will be offering more than 170 high-quality cars at our flagship Radius Auction on August 17th and 18th at the Monterey Jet Center in conjunction with Hagerty Motorlux, which will take place on Wednesday, August 16th. We look forward to seeing you in Monterey.” Read More About Kenneth Ahn
2023 BROAD ARROW AUCTION SUMMARY
The Broad Arrow Auction, also called the “Radius Auction” in Monterey takes place Thursday, August 17, and Friday, August 18, 2023, at the Monterey Jet Center in conjunction with the Motorlux event.. There will be a total of 172 cars up for sale in a broad selection, from pre-war American and European classics to Supercars and the most desirable cars of the 1950s and 1960s.
2022 BROAD ARROW AUCTION RESULTS AT THE MOTORLUX MONTEREY
Broad Arrow Auctions Achieves Nearly $55.3 Million in Sales at Inaugural Monterey Jet Center Event in 2022 totaling $55,256,900 in sales with a 88 percent sell-through selling 93 lots. This year Broad Arrow expects to hammer out over 170 collector cars.
- The top Ten vehicles sold at the Monterey Broad Arrow Auction in 2022 included four Ferraris, Three Porsches, two Mercedes, and one Aston Martin. Thirteen cars sold for over one million dollars and the top-selling marque was Ferrari selling 18 vehicles.
- The Top three sellers in terms of dollar value were a 1957 Ferrari 250 GT LWB Berlinetta Scaglietti “Tour de France” selling for $5,500,000, a 1995 Ferrari F50 sold for $5,175,000, and a 2015 Ferrari LaFerrari that sold for $3,910,000.
- Three other top sellers at the auction were a 1971Mercedes-Benz 600 LWB Landaulet selling for $2,590,000, a 1964 Aston Martin DB5 selling for $2,425,000, and a 1990 Ferrari F40 that sold for $1,985,000. (Source: Broad Arrow Website)
AUCTION DATES AND SCHEDULE
The Broad Arrow auction Monterey will be held on Thursday, 17 August at 4:00 pm PDT and Friday, 18 August at 1:00 pm PDT, with a public preview taking place Wednesday, 16 August from 9:00 am until 4:00 pm PDT.
RADIUS at the Monterey Jet Center
300 Skypark Dr., Monterey, CA 93940
📅 Thursday, 17 August 4:00 p.m. PDT
📅 Friday, 18 August 1:00 p.m. PDT
📅 Wednesday, 16 August 9:00 a.m. – 4:00 p.m. PDT
📅 Thursday, 17 August
📅 Friday, 17 August
• 9:00 a.m. – 4:00 p.m. PDT
• 9:00 a.m. – 1:00 p.m. PDT
$200 – Onsite Bidding
Includes admission for two and an auction catalog
The auction offers three methods of bidding and purchasing vehicles. It provides options for bidding by telephone, internet, and live in-person bidding. Additionally, you can participate in absentee bidding, which allows you to delegate someone to bid on your behalf.
**WATCH THE BROAD ARROW AUCTION STREAMING LIVE BROADCAST FROM THE MONTEREY JET CENTER DURING MONTEREY CAR WEEK WEEK BY FOLLOWING THESE INSTRUCTIONS:
You can watch the Broad Arrow Monterey auction liver and August 17 and August 18th by tuning into the Broad Arrow Youtube channel.
We will keep you posted on the time of the live-streaming broadcast, so stay tuned.
Broad Arrow Live Broadcast Dates and Times
• LIVE on Thursday, 17 August Starting a 4:00 p.m. PDT
• Live on Friday, 18 August starting at 1:00 p.m. PDT
Admission to public Preview is complimentary during posted preview hours only. Public preview closes at 4 pm Wednesday through Thursday, and 1 pm on Friday. Attendance for Motorlux requires separate ticket purchases through Hagerty. Auction attendance is reserved for consignors, registered bidders, and their guests, and approved media.
ABOUT BROAD ARROW GROUP
About Broad Arrow Group, is Hagerty Company – Broad Arrow Group, a Hagerty (NYSE: HGTY)
The Broad Arrow company is an advisor, market maker, and financier for car collectors with a commitment to integrity, trust, and innovation. Broad Arrow Group operates Broad Arrow Auctions, Broad Arrow Capital, and Collectors Garage and is headquartered in Grosse Pointe, Michigan. Learn more at broadarrowgroup.com.
About Hagerty, Inc. (NYSE: HGTY) – Hagerty is an automotive lifestyle brand committed to saving driving and 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 ribe as car enthusiasts. Hagerty also operates in Canada and the UK and is home to the Hagerty Drivers Club, a community of 750,000 who can’t get enough 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 https://www.hagerty.com/, or connect with us on Facebook, Instagram, and Twitter. Press materials can be found at newsroom.hagerty.com.