Market Intelligence
Broad Arrow Auctions: second show, second success
Broad Arrow Auctions' second car auction saw 125 out of the 126 cars on offer sold for $20,519,068, which exceeded the $20,324,000 expected revenue. Among the cars sold were a 2020 Ford GT '69 Heritage Edition, which went for $1,297,500, a 1967 Shelby Cobra 427 that sold for $1,325,000, and a 1961 Mercedes-Benz 300 SL Roadster that sold for $1,820,000. However, the Jaguar D-Type, the only car that came to auction with a reserve price, went unsold after bids stopped at $7,250,000. The auction saw some cars selling at twice their estimates, while others struggled to reach 15% of theirs.
126 cars from the complete collection of Jim Taylor on offer, 125 sold by Broad Arrow Auctions in its second showing after a stunning debut at Pebble Beach.
The expected revenue of $20,324,000 (€20,684,040) was surpassed with $20,519,068 (€20,978,800) in takings. Everything perfect? Yes and no for the super experts who, under the protective wing of Hagerty, have created the new, ambitious auction house that will also be the official sale of Amelia Island.
