MICHAEL SCHUMACHER’S FIRST F1 GRAND PRIX-WINNING 1992 BENETTON B192-05 TO STAR IN BROAD ARROW’S GLOBAL ICONS: EUROPE ONLINE AUCTION
Rhea-AI Summary
Broad Arrow (NYSE: HGTY) will offer the 1992 Benetton B192-05 — the car Michael Schumacher drove to his first F1 victory at Spa in August 1992 — in its Global Icons: Europe Online auction open for bidding 23-30 January 2026. Chassis B192-05 is described as the last race-winning F1 car with a manual gearbox, retained by Benetton/Renault Classic until 2015, restored under LRS Formula, and owned by the current consignor since 2016. The car is expected to sell for in excess of €8,500,000.
Positive
- Expected auction value >€8,500,000
- First public sale ever of chassis B192-05
- Last race-winning F1 car with a manual gearbox
- Documented provenance: Benetton/Renault Classic then LRS Formula
- Restored to working order with engine and gearbox rebuild
Negative
- None.
News Market Reaction
On the day this news was published, HGTY gained 1.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
HGTY was up 0.77% with mixed but mostly positive peer moves: WTM +0.94%, MCY +1.34%, SIGI +0.04%, LMND +2.29%, and KMPR -0.70%. No peers appeared in the momentum scanner and no same-day peer headlines were recorded, suggesting this auction-focused news was company-specific rather than a sector-wide catalyst.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 18 | Auction performance update | Positive | +2.1% | Reported $624M 2025 Broad Arrow transactions and 97% year-over-year growth. |
| Dec 08 | Product/marketing news | Positive | -1.7% | Released 2026 Bull Market List of 11 appreciation-focused enthusiast cars. |
| Dec 02 | Auction lineup preview | Positive | -1.5% | Announced key private collections and highlights for 2026 Amelia Auction. |
| Nov 20 | New auction series | Positive | +0.1% | Launched Global Icons online collector car and memorabilia sale for Jan–Feb 2026. |
| Nov 04 | Earnings and outlook | Positive | -1.3% | Reported strong Q3 2025 growth and raised full-year revenue and profit outlook. |
Recent Broad Arrow and marketplace announcements have generally been positive; price reactions have been mixed, with several instances of negative moves following favorable news.
Over the past few months, HGTY has reported strong operational momentum and an expanding auction footprint. On Nov 4, 2025, it posted robust Q3 2025 growth and raised its 2025 outlook. Subsequent announcements highlighted the new Global Icons online auctions, major collections for the 2026 Amelia sale, and $624M in 2025 Broad Arrow transaction value. Today’s news fits this trajectory by spotlighting a headline consignment for the Global Icons: Europe Online auction, reinforcing the strategy laid out in earlier updates.
Market Pulse Summary
This announcement reinforces Hagerty’s marketplace strategy by placing an iconic Schumacher Grand Prix-winning Benetton, expected to exceed €8.500.000, at the center of its Global Icons: Europe Online auction. It builds directly on earlier communications about the Global Icons series and Broad Arrow’s $624M in 2025 transactions. Investors may watch upcoming auction results, future headline consignments, and any further updates on the 2026 auction calendar and marketplace growth metrics.
AI-generated analysis. Not financial advice.
EXTREMELY RARE OPPORTUNITY TO ACQUIRE THE F1 CAR IN WHICH MICHAEL SCHUMACHER WON HIS FIRST GRAND PRIX IN BELGIUM IN 1992 | BENETTON B192-05 USED EXCLUSIVELY BY SCHUMACHER IN FIVE GRANDS PRIX DURING 1992 F1 SEASON | THE LAST RACE-WINNING F1 CAR TO USE A MANUAL GEARBOX | CAR WAS RETAINED BY BENETTON BEFORE BECOMING PART OF THE RENAULT CLASSIC COLLECTION AND HAS NEVER BEFORE BEEN OFFERED FOR PUBLIC SALE | PART OF THE BROAD ARROW GLOBAL ICONS: EUROPE ONLINE SALE OPEN FROM 23-30 JANUARY 2026
BICESTER, United Kingdom, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, a Hagerty company (NYSE: HGTY), is extremely proud to offer one of the most iconic cars in Formula One history, the 1992 Benetton B192-05 that Michael Schumacher drove spectacularly to his first Grand Prix victory at Spa-Francorchamps in Belgium in August 1992. Offered as part of Broad Arrow's Global Icons: Europe Online auction, open for bidding from 23-30 January 2026, the first public offering of this truly historic piece of motorsport history is a momentous occasion for the international collector car community. A brief film on the significance of the car is available here.
Chassis B192-05 stands as one of the most consequential and iconic Formula One cars of the modern era, designed by another legendary figure in motorsport, Rory Byrne. As the last race-winning Formula One car with a manual gearbox, it represents a turning point, where talent, engineering clarity, and instinct aligned to begin a dynasty. For collectors, it is not simply an opportunity to acquire a Schumacher-era Benetton, but to secure an artifact from the very moment Formula One changed course.
“We cannot overstate how honoured we are to be able to publicly offer, for the first time ever, the Benetton B192-05 that first put Michael Schumacher on the top step of the F1 podium,” says Yves Boitel, Car Specialist at Broad Arrow. “This is undoubtedly one of the most famous cars in Formula One history, one that not only signalled the start of one of the greatest F1 careers of all time, but which also marked the end of the glorious era of manual gearboxes at the pinnacle of motorsport. We expect its presentation in our Global Icons: Europe Online sale to attract significant interest from top collectors around the world.”
The word iconic is frequently overused in an effort to elevate otherwise important machines, yet no such qualification is required here. Chassis B192-05 is the Benetton that carried Michael Schumacher to his first Formula One victory, prevailing over the likes of Ayrton Senna, Nigel Mansell, and Mika Häkkinen on the sport’s most demanding circuit and in its most exacting conditions as heavy rain dominated most of the race. Crossing the line first after 44 laps and hundreds of gear changes put through the H-pattern six-speed manual transmission around the Ardennes, Schumacher’s maiden Grand Prix victory came exactly one year after he made his auspicious Formula One debut at the same circuit.
This is the car that launched a record-setting career for Schumacher, with seven World Drivers' Championship titles, 91 victories, and the most pole positions (68), podium finishes (155), and fastest laps (77) at the time of his retirement.
Schumacher’s 1992 Belgian Grand Prix–winning car remained at Renault’s Enstone, UK headquarters following their acquisition of the Benetton race team. The car formed part of their Classic Department collection until 2015, when it was sold, along with two other Benetton chassis, to LRS Formula, owned by Laurent Redon, a specialist in the operation of 1990s and 2000s Formula One cars. Redon’s name should be familiar to racing fans with the Frenchman himself testing for Minardi in 1998 and later for Benetton in 1999. A 2024 sales sheet attestation signed by Redon confirms chassis B192-05 was completely restored to working order while under LRS’ care with a chassis overhaul and an engine and gearbox rebuild. In 2016, the Benetton was acquired by the consignor, a well-known racer of modern F1 machinery. The car is expected to bring in excess of
Benetton chassis number B192-05 is a true icon, fitting of its place in Broad Arrow’s Global Icons Online Auctions. Three auctions make up the series with Global Icons: Europe Online joined by Global Icons: UK Online and Global Icons: Memorabilia Online. Highly collectable pieces of Michael Schumacher memorabilia will also be offered without reserve in the memorabilia auction, including a signed 1994 Original Benetton Helmet (Estimate:
Other highlights of this exciting series of online auctions include a stunning 1971 Lamborghini Miura P400 S (Estimate:
“Michael Schumacher’s Benetton B192-05 race-winning F1 car is without question one of the most iconic race cars of all time, perfectly fitting the theme of our Global Icons: Online series of auctions,” adds Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region. “We are tremendously excited to present it alongside some of the most iconic collector cars from motoring history, together with a carefully curated selection of highly desirable memorabilia to suit all budgets. We are expecting a great deal of interest from collectors around the world for what will be an exciting start to the Broad Arrow Auctions calendar for 2026. We look forward to sharing complete details of our live preview events during Rétromobile week in the coming days.”
Consignments for this exciting online auction event are invited through mid-January. Learn more about selling with Broad Arrow and about all cars on offer in the Global Icons: Online Auction series at broadarrowauctions.com.
Editor’s Notes
About Broad Arrow Auctions
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow expanded its global auction footprint with three new auctions in 2025 held in collaboration with Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.
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
- Michael Schumacher’s first Formula One Grand Prix-winning 1992 Benetton B192-05 pictured before its offering in Broad Arrow’s Global Icons: Europe Online Auction, open for bidding 23-30 January 2026.
- Michael Schumacher and his teammate Martin Brundle pose with B192-05 at the Hungarian Grand Prix where Schumacher qualified his car in 4th position on the grid.
Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@hagerty.com
FAQ
When is Broad Arrow's Global Icons: Europe Online auction for the Benetton B192-05 (HGTY)?
What estimate is Broad Arrow giving for Michael Schumacher's Benetton B192-05 (HGTY)?
What is notable about chassis B192-05 being offered by Broad Arrow (HGTY)?
What is the provenance of the 1992 Benetton B192-05 being sold by Broad Arrow (HGTY)?
Will Broad Arrow offer related Michael Schumacher memorabilia in the auction series (HGTY)?
