Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is thrilled
to announce the final list of consignments for the exclusive
Porsche-only auction in partnership with the first-ever Air|Water
standalone event, view the complete Digital Catalogue here.
Air|Water is the brainchild of Luftgekühlt founder Patrick Long,
who is well-known and respected in the Porsche world and has
organized world-class gatherings for the Porsche community to
celebrate not only Porsches but the camaraderie of the Porsche
enthusiast community. Air|Water will take place on Saturday, April
27thin Costa Mesa, California featuring both air-cooled and
water-cooled Porsches of all eras. The accompanying Broad Arrow
auction consists of 57 outstanding Porsche motor cars and 41 lots
of Porsche-themed memorabilia and will take place starting at 11:00
am PDT, all lots are now available for viewing at here.
One of the previously announced highlights is the 1969
Porsche 908/02 Langheck “Flunder” Spyder, (estimate:
$4,750,000-$5,750,000), chassis 908/02.05, a celebrated example
that will be instantly recognizable to Porsche endurance racing
enthusiasts. Boasting an impressive works and ex-works competition
record, it was piloted during its illustrious career by Porsche
legends including Vic Elford, Richard Attwood, Dr. Helmut Marko,
Gérard Larrousse and Rudi Lins. Competing against the mighty
five-liter 917s on behalf of the Martini International Racing Team,
this 908’s consistent speed allowed it to secure 3rd overall
while also taking a historic class win and winning the Index of
Performance in the epic 1970 Le Mans 24 Hours, ensuring a 1-2-3
podium sweep for Porsche in one of the era’s defining motorsport
events. Watch the full-length film on the 1969 Porsche
908 here.
Alexander Weaver, Senior Car Specialist and Head of
Private Sales for Broad Arrow Auctions, states, “On behalf of all
of my colleagues at Broad Arrow, I cannot emphasize enough how
thrilled we are with the offering we have put together for this
inaugural event. Working with Patrick Long and the entire
Luftgekühlt/Air|Water team has been nothing but a pleasure and we
expect both the show and the auction to be both memorable and
exciting. Notably, Air|Water is essentially sold out with over
6,000 tickets presold, and we encourage those interested in
attending to contact a member of the Broad Arrow team for admission
information for this one-of-a-kind event.”
Other notable auction highlights include the trio of Porsche
supercars constituted by the stunning 2015 Porsche 918 Spyder
Weissach, with under 500 miles from new finished
in optional Liquid Metal Silver at a cost of
$63,000 (estimate: $2,700,000 - $3,200,000), the Stage 3
Canepa 1988 Porsche 959 Komfort finished in Guards
Red, (estimate: $2,100,000 - $2,400,000) and the very
special 2005 Porsche Carrera GT being offered on
behalf of its original owner and noted American racing driver Mr.
John O’Steen, (estimate: $1,400,000 - $1,600,000).
Additional Highlights Include
- 1996 Porsche 911 GT2 – Estimate: $1,700,000 - $2,000,000
- 1997 RUF BTR Twin – Estimate: $1,200,000 - $1,400,000
- 1976 Porsche 934 RSR – Estimate: $750,000 - $950,000
- 1964 Porsche 356 C Carrera 2 Cabriolet – Estimate: $750,000 -
$950,000
- 2007 Porsche 911 GT3/RSR Flying Lizard – Estimate: $650,000 -
$750,000
- 1986 Porsche 962 IMSA GTP Dyson Racing – Estimate: $600,000 -
$800,000
- 2007 Porsche 911 GT3 RSR – Estimate: $550,000 - $650,000
- 2016 Porsche 911R - $500,000 - $600,000
In January 2024, Hagerty and The Porsche Club of America, Inc.
(PCA) announced Hagerty and Broad Arrow as the official insurance
and auction partner, respectively, for key PCA national events. PCA
is largest single marque car club in the world with over 160,000
members. This auction, in partnership with Air | Water and
collaboration with PCA, reflects Hagerty and Broad Arrow’s
continued commitment to the Porsche community to help Porsche
enthusiasts to protect, buy/sell, and enjoy their Porsches. More
information about the Hagerty and Porsche Club of America
partnership can be found here, and more information about PCA
can be found here.
Broad Arrow’s auction will take place with Air|Water on
Saturday, April 27th, beginning at 11:00 am PDT and feature 57
Porsches along with 41 lots of automobilia, information can be
found at www.broadarrowauctions.com or view the Digital
Catalogue here.
Photo Credits: 1968 Porsche 908 courtesy of Robin Adams,
2015 Porsche 918 courtesy of Drew Shipley, 1988 Porsche 959
courtesy of Robin Adams, 2005 Porsche Carrera GT courtesy of Ryan
Merrill.
About Broad Arrow, a Hagerty Company - Broad Arrow,
a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and
financier for car collectors with a commitment to integrity, trust,
and innovation. Broad Arrow operates Broad Arrow Auctions, Broad
Arrow Capital, and Broad Arrow Private Sales (formerly Collectors
Garage) and is headquartered in Grosse Pointe, Michigan. For
more information, please visit connect with us on Facebook,
Instagram, Twitter and LinkedIn.
About Hagerty, Inc. (NYSE: HGTY) - Hagerty is an
automotive enthusiast brand committed to saving driving and fueling
car culture for future generations. The company is a leading
provider of specialty vehicle insurance, expert car valuation data
and insights, live and digital car auction services, immersive
events, and automotive entertainment custom-made for the 67 million
Americans who self-describe as car enthusiasts. Hagerty also
operates in Canada and the UK and is home to Hagerty Drivers Club,
a community of more than 800,000 who can't get enough of cars. As a
purpose-driven organization, Hagerty Impact aims to be a catalyst
for positive change across the issues that matter most to our
teams, our members, the broader automotive community, our
shareholders and the planet at large. For more information, please
visit www.hagerty.com or connect with us
on Facebook, Instagram, Twitter, LinkedIn,
and YouTube.
Press materials can be found at newsroom.hagerty.com.
Forward-Looking Statements - This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
reflect our current intentions, expectations, or beliefs regarding
the business. Because forward-looking statements relate to the
future, they are subject to inherent risks and uncertainties that
are difficult to predict and may be outside of our control. Some of
the factors that may cause our actual results to differ materially
from those contemplated by our forward-looking statements include:
(i) our ability to recognize the anticipated benefits of the
subject of this press release; (ii) our ability to compete
effectively within our industry and attract and retain members; and
(iii) the other risks and uncertainties listed in our Form 10-K
filed with the U.S. Securities and Exchange Commission (“SEC”) on
March 14, 2023. This press release should be read in conjunction
with the information included in our other press releases, reports
and other filings with the SEC. Understanding the information
contained in those filings is important in order to fully
understand our reported financial results and our business outlook
for future periods. We do not undertake any obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments, or otherwise, except as
required by law.
- 1969 Porsche 908, photo courtesy of Robin Adams
- 2015 Porsche 918, photo courtesy of Drew Shipley
Ian Kelleher
Broad Arrow Auctions
917-971-4008
ian.kelleher@broadarrowgroup.com