Big, Bigger, Biggest: Broad Arrow Auction at Amelia Island

The results of Broad Arrow Auctions at the Amelia Island auction on March 7-8 highlight how far the young American auction house has come in its relatively short life. Just three years after its debut, comparing the data, it becomes clear why we can title this commentary Big, Bigger, Biggest — the new American auction house is giving strong and convincing signs of growth and stability. Moreover, Broad Arrow is not stopping here; it has already announced a European debut in May with a sale that promises fireworks during the Concorso d’Eleganza at Villa d’Este.

Staying in Florida and comparing the data from the past three years, the answer is clear: 107 cars offered in 2023, 145 in 2024, and this year, a remarkable 166! Consequently, the number of cars sold has also risen significantly: from 82 in 2023 to 143 this year—compared to 128 in 2024. Not only that, this growth has not come at the expense of quality, as the sales percentage stood at 86.14%, a slight decrease from 2024 but an increase from 2023. Similarly, both the estimated value and total revenue improved: the estimated $43,200,000 in 2023 turned into $72,635,000 in 2024, and this year it pushed even further to $74,830,000. Revenue climbed by $6,700,000, reaching $61,577,840 compared to $54,865,280 in 2024 (leaving 2023’s $29 million far behind).

Finally, the most surprising aspect: over three years, the average price per car has also increased from $353,100 to $428,635, then further to $430,614. A continuous crescendo!