A Record-Setting Saturday as Broad Arrow Closes $107M+ $Amelia Concours Auction with $6,605,000 Lamborghini Miura SV
MWN-AI** Summary
On March 7, 2026, Broad Arrow Auctions, powered by Hagerty (NYSE: HGTY), marked a record-setting day at The Ritz-Carlton in Amelia Island, Florida, concluding its March Amelia Concours Auction with over $107 million in sales. This event marked Broad Arrow’s most successful auction since it was established in 2021.
The highlight of the day was a stunningly original 1972 Lamborghini Miura P400 SV, which garnered an impressive $6,605,000—setting a new auction record for the iconic model by more than $1.7 million. The Miura, cherished by a single American collector for over fifty years, attracted intense bidding, showcasing the vibrant energy in the auction room.
In addition to the Miura, the auction saw significant sales across various categories of collectible cars. A 2001 RUF RGT achieved a record price of $335,000, while a 2015 Ferrari 458 Speciale sold for a remarkable $912,500. The spirited bidding reflected a keen interest in both modern collectibles from the 1990s and 2000s, as well as exceptional pre- and post-war vehicles from the esteemed collections of Wellington Morton and Bill & Patti Spurling.
The solid results at this auction indicate a thriving market for collector cars, underlining Broad Arrow’s growing reputation in the auction industry. Comprehensive results from the Amelia Concours Auction will be released in the coming days on their website. Media inquiries can be directed to Broad Arrow's press team for further details.
Broad Arrow, recognized as a leading global collector car auction house, continues to connect distinguished vehicles with enthusiasts worldwide, emphasizing its commitment to facilitating memorable experiences for car collectors through prestigious events.
MWN-AI** Analysis
The recent record-setting auction at Broad Arrow's Amelia Concours, where a 1972 Lamborghini Miura P400 SV sold for an astonishing $6,605,000, highlights key trends in the collector car market. This auction, with a total surpassing $107 million, showcases a robust demand for classic and exotic vehicles, signaling that investment in this niche market continues to be lucrative.
Investors and enthusiasts should take note of several critical factors emerging from this event. First, the pronounced enthusiasm for vehicles like the Miura, which sold for over $1.7 million beyond its initial estimate, indicates that unique and well-preserved cars are increasingly viewed as viable investment vehicles, not just passion projects. As we see more world-record prices for models from the 1990s and 2000s, it's clear that the collectibles market is evolving, with broader interest spanning various eras.
As the auction reflected a steady influx of bidders, both in-person and on the phone, it's essential for potential buyers to assess the competitive landscape of the collector car market. The appetite for quality vehicles signals a potential upward trend, making it a strategic time to enter the market, especially for investment-grade models with provenance.
Potential investors should consider diversifying their collections by including sought-after brands and models, while keeping an eye on emerging trends. Notably, attention should also be paid to auction houses like Broad Arrow, which appear to be gaining traction in the market. Their partnerships with recognized events and institutions position them favorably for future growth.
In conclusion, the Amelia Concours Auction serves as a strong reminder that the collector car market is not only resilient but also ripe with opportunities for investment. Investors should capitalize on this momentum while conducting thorough research to identify the best pieces for their portfolios.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Amelia Island, Florida, March 07, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), saw another outstanding sale today at The Ritz-Carlton, Amelia Island, the final day of its March 6-7 Amelia Concours Auction. With sustained energy in the room and spirited bidding from the first to the very last lot of the day, the Saturday sale capped off what is Broad Arrow’s most successful auction since the company was founded in 2021.
Currently sitting at an overall total of $107 million+ before post-sale activities and official results, Broad Arrow’s Saturday lineup at the Amelia Concours Auction was led by an incredibly original, time-capsule 1972 Lamborghini Miura P400 SV, which spent more than half a century in the loving care of a single American private collector. Estimated to bring $3,500,000 - $4,000,000, bidding on the Miura was enthusiastic, with a long back-and-forth between bidders in the room and on the phone. Following intentional increment jumps by multiple bidders, the well-preserved original supercar sold for a final $6,605,000 to a bidder over the phone, surpassing the previous record for any Miura at auction by more than $1,700,000.
Passionate collectors continued their enthusiastic bidding throughout the Saturday auction, with additional world record prices achieved for a 2001 RUF RGT at a final $335,000 and a 2015 Ferrari 458 Speciale at a final $912,500. Stand-out prices emerged in nearly every category of car collecting, most notably for modern collectibles of the 1990s and 2000s, alongside exceptional pre- and post-War American and European cars offered from the respected private collections of Wellington Morton and Bill & Patti Spurling.
Complete results from Broad Arrow’s 2026 Amelia Concours Auction will be available in the coming days at broadarrowauctions.com. An official results press release will also follow. Members of the media with any questions are invited to reach out to the Broad Arrow Press Team at press@broadarrowauctions.com.
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.
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Attachments
- World-record breaking 1972 Lamborghini Miura P400 SV sold for $6,605,000 on Saturday, March 7 at Broad Arrow's 2026 Amelia Concours Auction
- The packed auction room at The Ritz-Carlton, Amelia Island as the 1972 Lamborghini Miura P400 SV sells for $6,605,000 on Saturday, March 7 at Broad Arrow's 2026 Amelia Concours Auction
Ian KelleherBroad Arrow Auctions+1 917-971-4008ikelleher@hagerty.comMeghan McGrailBroad Arrow Auctions+1 519 365 8750mmcgrail@hagerty.com
FAQ**
How does the success of the March 2026 Amelia Concours Auction impact the overall market performance for collectibles under Hagerty Inc Cl A Com HGTY?
Given the record-breaking sale of the 1972 Lamborghini Miura P400 SV, what does this indicate about Hagerty Inc Cl A Com HGTY's position in the collector car auction sector?
What strategies is Hagerty Inc Cl A Com HGTY implementing to sustain this level of buyer enthusiasm and sales growth in future auctions?
How does Broad Arrow’s partnership with Hagerty Inc Cl A Com HGTY enhance the auction experience for collectors and investors in the luxury car market?
**MWN-AI FAQ is based on asking OpenAI questions about Hagerty Inc Cl A Com (NYSE: HGTY).
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