BROAD ARROW PRESENTS RARE OPPORTUNITY TO ACQUIRE FERRARI MONZA SP2 AT CONCORSO D’ELEGANZA VILLA D’ESTE AUCTION
Rhea-AI Summary
Broad Arrow Auctions (driven by Hagerty, NYSE: HGTY) will offer a rare 2020 Ferrari Monza SP2 at the Concorso d’Eleganza Villa d’Este Auction on 16-17 May 2026. One of 499 Icona series cars, chassis 261538 shows just 417 km, features Tailor Made livery and a 6.5L V12 producing 798 hp. The car includes two-seat barchetta layout, virtual windshield aerodynamics, Berluti carbon helmets and factory four-point harnesses; consignments remain open for this and other 2026 European auctions.
AI-generated analysis. Not financial advice.
Positive
- One of 499 Icona series Monza SP1/SP2 units
- Extremely low mileage: 417 km at cataloguing
- 798 hp 6.5L naturally aspirated V12 specification
- Auction scheduled at high-profile Villa d’Este on 16-17 May 2026
Negative
- None.
News Market Reaction – HGTY
On the day this news was published, HGTY declined 2.35%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
HGTY slipped 0.19% while peers were mixed: WTM +1.61%, SIGI +1.55%, KMPR +3.01%, MCY roughly flat, LMND modestly higher. This points to stock-specific trading rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 12 | Auction sales record | Positive | +4.5% | Record $111M Amelia sales and 92% sell-through with marquee Ferrari Enzo. |
| Mar 09 | Auction performance | Positive | -2.7% | Largest Broad Arrow auction to date with $111M sales and 13 world records. |
| Mar 07 | Auction close update | Positive | -2.7% | Amelia auction closing $107M+ led by record $6.605M Lamborghini Miura SV. |
| Mar 06 | Day-one records | Positive | -2.7% | Day-one supercar records including $15.185M Ferrari Enzo and Carrera GT highs. |
| Feb 26 | Full-year results | Neutral | +4.0% | 2025 revenue $1.456B and strong EBITDA with 2026 guidance including expected loss. |
Recent Broad Arrow auction headlines were generally positive but often met with negative next-day moves, indicating a tendency for the stock to diverge from upbeat auction news.
Over recent months, HGTY has highlighted strong Broad Arrow auction performance, including totals above $107 million and repeated references to $111 million in sales, with multiple world-record prices for marquee models. Market reaction to these auction updates has been mixed, sometimes negative despite positive operational news. The latest full-year 2025 results showed Total Revenue of $1.456B and Net Income of $149M, alongside Marketplace growth, framing today’s Villa d’Este Monza SP2 consignment as another step in building its high-end auction franchise.
Market Pulse Summary
This announcement highlights Broad Arrow’s continued emphasis on rare, high-profile consignments, adding a low-mileage Ferrari Monza SP2 to its Villa d’Este sale on 16–17 May 2026. It follows recent record-setting Amelia auctions where totals exceeded $107M and $111M. Investors may contextualize this within Hagerty’s broader Marketplace growth and 2025 revenue of $1.456B, while monitoring how consistently such marquee offerings translate into sustained Marketplace and auction-fee expansion.
Key Terms
naturally aspirated technical
carbon fibre technical
barchetta technical
aerodynamic technical
virtual windshield technical
four-point safety harnesses technical
AI-generated analysis. Not financial advice.
2020 FERRARI MONZA SP2 ONE OF ONLY 499 ICONA SERIES SP1 AND SP2 PRODUCED | STRIKING TAILOR MADE LIVERY IN TWO-TONE ROSSO CALIFORNIA WITH A GRIGIO COBURN NOSE SECTION AND ARGENTO NÜRBURGRING ACCENTS | EXTREMELY LOW MILEAGE EXAMPLE SHOWING ONLY 417 KILOMETRES | 6.5-LITRE NATURALLY ASPIRATED V12 PRODUCING 798 HP AND 719 NM OF TORQUE
BICESTER, United Kingdom, March 27, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is extremely proud to present a superb, low mileage example of the rarely offered for sale Ferrari Monza SP2 at its Concorso d’Eleganza Villa d’Este Auction from 16-17 May 2026.
Unveiled in 2018 along with the Monza SP1, the Monza SP2 is part of Ferrari’s highly exclusive and sought after Icona series cars, inspired by icons from the illustrious history of the Maranello marque, including the famous 1948 Ferrari 166MM Barchetta, 750 Monza and 860 Monza. Unlike the SP1, the SP2 offers the distinct advantage of having two seats as well as a second headrest fairing for the passenger.
Based on the incredible 812 Superfast, the Monza SP2 pairs a carbon fibre barchetta body with the sonorous 6.5-litre, normally aspirated V12 engine from the 812. It was Ferrari’s most powerful naturally-aspirated engine when it was launched, delivering 798 hp and 719 Nm of torque and capable of achieving a 0-100 km/h time of an astonishing 2.9 seconds.
“Following the world-record setting sale of the first Ferrari Monza SP2 to be sold in North America at our Amelia Auction, we are very excited to add this very low mileage SP2 to an already phenomenal line-up for our Concorso d’Eleganza Villa d’Este Auction,” says Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region. “Icona series cars are highly coveted by Ferrari collectors and rarely come up for sale, especially in this unique specification. We expect it to generate intense bidding among international collectors when it appears on the podium at the spectacular Villa Erba.”
Chassis number 261538 is the modern definition of a sports car intended to take on legendary events such as the Mille Miglia. With no windscreen, it benefits from the clever ingenuity of Ferrari engineers who created the ‘Virtual Windshield’, an aerodynamic design that channels airflow through the bonnet and out, ahead of the occupants. This is only one element of an extensive aerodynamic package that dramatically enhances both speed and downforce, ensuring that every drive in a Monza SP2 is a visceral experience second-to-none.
Presented like new, having driven only 417 kilometres at the time of cataloguing, this superb example recalls the contrasting colours of some of Ferrari’s most memorable racing liveries with its two-tone colour scheme of Rosso California with a Grigio Coburn nose section and Argento Nürburgring accents. The cockpit features Jeans Aunde Blu fabric and Pelle Elmo Blue leather with the famous Cavallino Rampante embroidered on the headrests. The idea that the Monza SP2 is truly race car-inspired is further emphasised by four-point safety harnesses and the factory supply of two beautifully crafted carbon fibre helmets by Berluti.
“Offered only to the most discerning of Ferrari clients at the time of its launch, the Monza SP2 is undeniably one of the most collectable Ferraris of the 21st century”, says Daniele Turrisi, Consignment Consultant at Broad Arrow Auctions and Private Sales. “With its Tailor Made paintwork and extensive list of options and accessories, this is one of the most compelling examples of the Icona Series that any Ferraristi could hope to acquire.”
Consignment opportunities remain for the Broad Arrow Concorso d’Eleganza Villa d’Este Auction and collectors interested in discussing consigning their car to this prestigious sale are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK), + 32 476 879 471 (Europe) or on +1 313 312 0780 (North America) or via email at info@broadarrowauctions.com. Further details are available at broadarrowauctions.com. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9th October and the Zürich Auction on 7th November.
Ends.
For media enquiries relating to Broad Arrow Auctions, including accreditation for the auction at the Concorso d’Eleganza Villa d’Este, please contact a member of the press team.
Editor’s Notes
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.
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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
- 2020 Ferrari Monza SP2 set to be offered at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction
- Another look at the 2020 Ferrari Monza SP2 set to be offered at Broad Arrow's Concorso d'Eleganza Villa d'Este Auction
Ian Kelleher Broad Arrow Auctions +1 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions +1 519-359-4858 mmcgrail@hagerty.com