NEWS FLASH: Broad Arrow Smashes World Records with Collection of Unobtanium Supercars on Day One of Amelia Concours Auction
Rhea-AI Summary
Broad Arrow Auctions (HGTY) reported record-breaking prices at the first evening of its 2026 Amelia Concours Auction on March 6, 2026. Key results included a 2003 Ferrari Enzo at $15,185,000, a 2005 Porsche Carrera GT at $6,715,000, and multiple new world records for rare supercars.
The sale featured a private collection of low-mileage, single-owner unobtanium supercars and strong bidding both in-room and by phone; the auction continues March 7, 2026.
Positive
- 2003 Ferrari Enzo sold for $15,185,000 (world-class benchmark)
- 2005 Porsche Carrera GT achieved $6,715,000, more than doubling prior record
- 1988 Porsche 959 Sport set a new world record at $5,505,000
- 2021 Ferrari Monza SP2 fetched $4,955,000, nearly double prior public price
Negative
- High record prices may signal increased valuation risk for speculative buyers
News Market Reaction – HGTY
On the day this news was published, HGTY declined 2.73%, 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 was down 4.03% while peers were mixed: LMND +3.9%, MCY +0.23%, SIGI +0.10%, KMPR -1.82%, WTM 0%, pointing to stock-specific trading rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Full-year earnings | Positive | +4.0% | Reported strong 2025 growth and detailed 2026 outlook with EBITDA guidance. |
| Feb 24 | Auction lineup news | Positive | -1.6% | Revealed high-value private collection for Amelia Concours auction in March. |
| Feb 23 | Auction consignment | Positive | -1.5% | Announced rare 1972 Lamborghini Miura SV consignment with multi-million estimate. |
| Feb 18 | Partnership announcement | Positive | -1.6% | Named official auction partner of The Quail with a major August 2026 sale. |
| Feb 12 | Earnings date notice | Neutral | +0.3% | Announced timing and access details for Q4 2025 earnings call and webcast. |
Auction news often met with selling
Over recent months, Hagerty (HGTY) has combined strong financial performance with growing auction activity. On Feb 26, full-year 2025 results and a 2026 outlook saw the stock rise 4.04%. In contrast, multiple Broad Arrow auction announcements on Feb 18–24 and a major partnership with The Quail all coincided with modest share price declines. This auction record news follows that pattern of robust operational and marketplace milestones against a softer share trend.
Market Pulse Summary
This announcement highlights Broad Arrow’s ability to secure and sell an elite roster of supercars, achieving world record prices such as $15,185,000 for a Ferrari Enzo and $6,715,000 for a Carrera GT. In recent months, similar auction news often coincided with weak share reactions despite expanding Marketplace activity. Investors may track future auction calendars, transaction values, and how these results contribute to Hagerty’s broader Marketplace revenue mix alongside its core insurance segment.
Key Terms
paint-to-sample technical
AI-generated analysis. Not financial advice.
Nero 2003 Ferrari Enzo Leads Collection at
Amelia Island, Florida, March 06, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), set new standards for some of the collector car market’s most sought-after supercars during the first evening of its two-day 2026 Amelia Concours Auction. Held at the Ritz-Carlton, Amelia Island, the auction room was packed as cars sold throughout the evening achieved strong prices, with the Private Collection of Unobtanium Supercars saved for the final, eagerly awaited lots.
The 352-mile, original-owner, well-optioned 2015 Porsche 918 Spyder opened the group with immediate interest, selling for a final
The virtually new, 16-mile, single-owner 2021 Ferrari Monza SP2 entered the Ritz-Carlton ballroom as the very first example ever offered at auction in North America, and it left setting a new world record auction price of
Closing out the Private Collection was a 1988 Porsche 959 Sport, one of a mere 29 rare U.S.-market lightweight 959 Sport models and part of the single group of eight examples of the groundbreaking car officially imported to the U.S. through Porsche Motorsport in 1988. Another sustained competition broke out for the incredible example of Porsche’s first supercar, with multiple bidders in the room and over the phones driving the final price to
Outside the collection, a highly anticipated 2005 Porsche Carrera GT closed out the first night of the auction, with a statement-making opening bid of
Broad Arrow’s 2026 Amelia Concours Auction continues on Saturday, March 7 at 10:30 a.m. ET at The Ritz-Carlton, Amelia Island. Follow the auction action live at broadarrowauctions.com. An official press release and complete results will be issued following the close of the sale.
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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Nero 2003 Ferrari Enzo sells for
$15,185,000 on Night One of Broad Arrow's Amelia Concours Auction -
Paint-to-Sample 2005 Porsche Carrera GT Smashes World Record Price at
$6,715,000 on Night One of Broad Arrow's 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 record prices did Broad Arrow Auctions (HGTY) achieve on March 6, 2026?
How did the 2005 Porsche Carrera GT result affect the model's auction record for HGTY on March 6, 2026?
Which Ferrari models set world records at the Broad Arrow/HGTY Amelia sale on March 6, 2026?
Did Broad Arrow Auctions (HGTY) report buyer interest and bidding activity during the March 6, 2026 sale?
When and where will Broad Arrow Auctions continue the 2026 Amelia Concours Auction advertised by HGTY?
