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1948 Ferrari 166 Spyder Corsa Achieves New Auction Record At Broad Arrow’s Concorso D’Eleganza Villa D’Este
Broad Arrow Auctions, a Hagerty company, marked its first European auction with great success at the Concorso d’Eleganza Villa d’Este. Held on May 24th and 25th, the event showcased over 70 premium cars, boats, and motorcycles. The auctions, conducted in Villa Erba's Rotunda, attracted a lively audience and achieved total sales of €31,172,625. This figure includes three lots sold shortly after the live event.
The highlight was a 1948 Ferrari 166 Spyder Corsa that fetched €7,543,750, setting a new auction record for this model. This car is one of two commissioned by an early Ferrari customer and has participated in prestigious events like the Mille Miglia. Another notable sale was a 2003 Honda NSX-R which reached €934,375, breaking another auction record.
A dedicated BMW-only sale also took place during the event. A standout was a 1980 BMW M1 upgraded to Procar specifications by BMW Motorsport. This car captured attention and sold for €602,500. The auction featured highly collectible models from private collections.
Among modern classics, a 1989 Ferrari F40 Competizione drew significant interest and sold for €2,312,500. A rare 2023 Ford GT also found a buyer at €613,750. These sales demonstrate the strong demand for both vintage and contemporary collector vehicles.
The auction also included unique items like a 1990 Ducati 851 F90 Corsa owned by John Surtees but never ridden. It attracted considerable interest and sold for €81,250. Such diverse offerings highlight Broad Arrow's commitment to catering to various collector interests.
Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region, expressed pride in the successful launch of their European sales calendar. "Our Concorso d’Eleganza Villa d’Este auction has been a resounding success," he stated. "We are extremely proud to have achieved such strong results."
Future Prospects
Kenneth Ahn, President of Broad Arrow Auctions, extended gratitude to all involved in making the event successful. He acknowledged the support from BMW AG and the Concorso d’Eleganza Villa d’Este team. "By all accounts, it was an incredible success," he remarked.
The next Broad Arrow auction is scheduled for August 13-14 at Monterey Jet Center in California. This event will be held alongside Motorlux and promises to continue showcasing exceptional collector vehicles.
The top ten sales list from the Concorso d’Eleganza Villa d’Este includes notable names like Talbot Lago T150 C Lago Speciale Teardrop Coupe and Siata 208S Motto Spider among others. These results underscore Broad Arrow's ability to attract high-caliber collectors worldwide.
Broad Arrow Auctions continues to expand its presence globally with plans to enhance its European calendar throughout 2025. The company remains committed to offering exceptional quality cars to collectors around the world while maintaining its reputation as a leading global collector car auction house.
This inaugural European sale not only set records but also demonstrated Broad Arrow's potential in the international market. As they look forward to future events, their focus remains on delivering unparalleled experiences for car enthusiasts globally.
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