A Record-Setting Saturday as Broad Arrow Closes $107M+ $Amelia Concours Auction with $6,605,000 Lamborghini Miura SV
Rhea-AI Summary
Broad Arrow Auctions (NYSE: HGTY) closed its March 6-7 Amelia Concours Auction with two days of spirited bidding and an overall total in excess of $107 million before post-sale adjustments. The sale was led by a time-capsule 1972 Lamborghini Miura P400 SV that sold for $6,605,000, setting a new auction record for a Miura by more than $1.7M. Additional world records included a 2001 RUF RGT at $335,000 and a 2015 Ferrari 458 Speciale at $912,500. Complete results and an official results press release will be posted in the coming days.
Positive
- Two-day sale total in excess of $107 million
- 1972 Lamborghini Miura P400 SV sold for $6,605,000, a new Miura auction record (+$1.7M)
- World records for a 2001 RUF RGT ($335,000) and 2015 Ferrari 458 Speciale ($912,500)
- Broad Arrow's most successful auction since founding in 2021
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
HGTY declined about 4.03% while peers showed mixed, mostly modest moves (e.g., MCY +0.23%, SIGI +0.1%, KMPR -1.82%, LMND +3.9%). No broad, synchronized sector move is indicated.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Full-year earnings | Positive | +4.0% | Strong 2025 growth, detailed 2026 outlook, and higher profitability metrics. |
| Feb 24 | Auction preview | Positive | -1.6% | Announcement of high-profile Ferrari-led private collection for Amelia auction. |
| Feb 23 | Auction consignment | Positive | -1.5% | Highlighting highly original 1972 Lamborghini Miura SV with detailed provenance. |
| Feb 18 | Partnership announcement | Positive | -1.6% | Broad Arrow named official auction partner for The Quail 2026 event. |
| Feb 12 | Earnings call notice | Neutral | +0.3% | Scheduling of Q4 2025 earnings release and investor conference call. |
Operational and auction-related announcements from Broad Arrow have often coincided with flat-to-negative moves, while core Hagerty earnings news more clearly aligned with positive price reactions.
Recent news highlights Hagerty’s growing automotive ecosystem and Broad Arrow’s expanding auction platform. On Feb 26, strong full-year 2025 results and detailed 2026 guidance were followed by a positive share reaction. Multiple February releases focused on Broad Arrow’s Amelia Concours offerings and new partnership at The Quail, alongside prior earnings-related scheduling news. Taken together, the latest record-setting Amelia auction builds directly on February’s preview of the Miura and other high-end consignments.
Market Pulse Summary
This announcement highlights Broad Arrow’s strongest auction to date, with two-day sales above $107 million and a landmark $6,605,000 result for a 1972 Lamborghini Miura SV. It builds on prior Amelia preview releases and underlines Hagerty’s strategy of expanding its Marketplace segment through high-profile events. When assessing impact, investors may watch how often such record results recur and how materially they contribute relative to Hagerty’s larger insurance business.
AI-generated analysis. Not financial advice.
Broad Arrow sees enthusiastic bidding from start to finish during second and final day of 2026 Amelia Concours Auction | Saturday led by 1972 Lamborghini Miura P400 SV at
Amelia Island, Florida, March 07, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), saw another outstanding sale today at The Ritz-Carlton, Amelia Island, the final day of its March 6-7 Amelia Concours Auction. With sustained energy in the room and spirited bidding from the first to the very last lot of the day, the Saturday sale capped off what is Broad Arrow’s most successful auction since the company was founded in 2021.
Currently sitting at an overall total of
Passionate collectors continued their enthusiastic bidding throughout the Saturday auction, with additional world record prices achieved for a 2001 RUF RGT at a final
Complete results from Broad Arrow’s 2026 Amelia Concours Auction will be available in the coming days at broadarrowauctions.com. An official results press release will also follow. Members of the media with any questions are invited to reach out to the Broad Arrow Press Team at press@broadarrowauctions.com.
Editor’s Notes
Photo Credit: All images by Nick Zabrecky/Courtesy of Broad Arrow Auctions.
About Broad Arrow Auctions
Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.
Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X.
About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.
For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.
Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.
Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.
The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.
Attachments
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World-record breaking 1972 Lamborghini Miura P400 SV sold for
$6,605,000 on Saturday, March 7 at Broad Arrow's 2026 Amelia Concours Auction -
The packed auction room at The Ritz-Carlton, Amelia Island as the 1972 Lamborghini Miura P400 SV sells for
$6,605,000 on Saturday, March 7 at Broad Arrow's 2026 Amelia Concours Auction
Ian Kelleher Broad Arrow Auctions +1 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions +1 519 365 8750 mmcgrail@hagerty.com
FAQ
What was the headline sale at Broad Arrow's Amelia Concours Auction (HGTY) on March 7, 2026?
How much did Broad Arrow Auctions (HGTY) achieve in total over the two-day Amelia Concours Auction?
Which other world-record prices were reported at Broad Arrow's 2026 Amelia Concours Auction (HGTY)?
Will Broad Arrow (HGTY) publish a full list of results from the Amelia Concours Auction?
What does the $6.605M Miura result mean for Broad Arrow Auctions (HGTY) market standing?
