April 21, 2024

Linkage Mag

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Broad Arrow Achieves $63m at Amelia Island

This year marks the second year that Broad Arrow has been the official auction house of The Amelia — and in its second year, the company made some big waves both in terms of the available lots, and in terms of the total achieved for their efforts.

In total, the auction house sold $63m worth of collector cars over the two-day sale, which represents quite the jump over last year’s $31m total.

The high sale of the event went to a 1967 Ford GT40 at $4,405,000, followed by a 2022 Bugatti Chiron Pur Sport at $4,047,500. All of the lots from the Racer X Collection sold — 12 cars in all — and the Gregorie Neck Collection brought strong sales as well, led by a 1938 Mercedes-Benz 540K Cabriolet by Normalm at $1,435,000. According to the auction house, the 1959 Porsche 718 RSK Spyder known as “Lucybelle III” also sold, but post-auction.

“The auction was a tremendous success across the board, and it was wonderful to see so many familiar faces over both auction days and during the well-attended preview,” said Barney Ruprecht, Head of Auctions for Broad Arrow. “The sale itself speaks not only to the confidence in the market overall but also to the selection of cars sourced and offered by our team. We are truly grateful for the continued support and loyalty from our clients and look forward to the year of exciting auctions ahead.”

“The results from this week by the auction houses on Amelia Island, including Broad Arrow, proved it to be the premier destination for car collectors in Florida each March,” said Kenneth Ahn, President of Hagerty Marketplace and Broad Arrow. “For Broad Arrow, the sale results doubled the previous year’s sale total of $31m, which further highlighted the increased demand and interest in the offering. In the months preceding the sale, our team curated an exceptional group of cars that spanned from early pre-war cars to modern supercars to appeal to a broad audience of car lovers for our two-day event. Onsite, our team executed flawlessly and achieved results that meaningfully exceeded our expectations. On behalf of our teams at Hagerty and Broad Arrow, we want to thank The Amelia attendees, a record-setting 27,000 of them, for attending the various auctions and the 29th annual concours d’elegance at Amelia Island.”

Top Ten Auction Results from the Two-Day Event (All prices inclusive of Buyer’s Premium)

1 – 1967 Ford GT40 – $4,405,000

2 – 2022 Bugatti Chiron Pur Sport – $4,047,500

3 – 1973 Ferrari 365 GTB/4 Daytona Spider – $ 3,305,000

4 – 1988 Porsche 959 SC Reimagined by Canepa – $3,085,000

5 – 2021 Lamborghini Sian – $2,645,000

6 – 1957 Mercedes-Benz 300 SL Roadster – $2,260,000

7 – 2022 Hennessey Venom F5 – $2,205,000

8 – 2020 McLaren Speedtail – $2,067,500

*1959 Porsche 718 RSK Spyder “Lucybelle III”– Sold After Auction, within the Top Ten

*1966 Shelby 427 S/C Cobra – Sold After Auction, within the Top Ten 

Learn more here.

Images: D. Paul Graham, courtesy of Broad Arrow Auctions