February 28, 2024

Linkage Mag

Geared for the Automotive Life

Broad Arrow Achieves Over $180m in Sales in 2023

A Cobra meets a Sahara at Broad Arrow's Radius auction

Broad Arrow Group has announced final figures from its second year of operations: In total, 334 lots sold at auction for $108.5m, along with 46 private sale lots that accounted for an additional $34m. Beyond that, the company also facilitated $38m in financing transactions.

The auction calendar saw $31m from The Amelia auction, $20m from the single-marque Porsche auction at the Porsche Experience Center, as well as $57.5m at Monterey Car Week’s Motorlux Auction. At these sales, the company claimed 16 world record prices and an overall sell-through of 86%.

“2023 has been an outstanding year for Broad Arrow in its second year of operations with significant growth across three businesses – auctions, private sales, and financing,” said  Kenneth Ahn, President of Hagerty Marketplace and Co-Founder of Broad Arrow. “In addition to achieving exceptional live auction results, our private sales team has conducted an impressive number of transactions, successfully and discreetly, while our global Broad Arrow Capital team has built an impressive lending business with a loan book of over $50 million,” 

BROAD ARROW TOP TEN AUCTION SALES 2023 

  • 1995 FERRARI F50 — $4,240,000 
  • 1985 FERRARI 288 GTO — $3,910,000 
  • 1964 FERRARI 250 GT LUSSO BERLINETTA — $2,810,000 
  • 1964 PORSCHE 904 CARRERA GTS — $2,535,000 
  • 2015 MCLAREN P1 — $2,425,000 
  • 2015 PORSCHE 918 SPYDER — $1,985,000 
  • 1956 MERCEDES-BENZ 300 SL “GULLWING” COUPE — $1,930,000 
  • 1954 OLDSMOBILE F-88 CONCEPT CAR — $1,765,000 
  • 1937 MERCEDES-BENZ 500K CABRIOLET A — $1,710,000 
  • 1987 PORSCHE 959 KOMFORT — $1,710,000 

Broad Arrow will kickstart its 2024 calendar with The Amelia Auction on March 1st and 2nd as the official auction of The Amelia at The Ritz-Carlton, Amelia Island. The two-day auction will feature exceptional collector cars ranging from pre-war classics to modern supercars. 

Collectors interested in consigning their cars can contact a Broad Arrow specialist at broadarrowauctions.com

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