This is a routine operational update for a non-core segment. No material impact on HGTY's insurance or membership business. Monitor upcoming quarterly earnings for any broader trends in collector car auction revenue.
Price Chart
Executive Summary
Broad Arrow Auctions, a subsidiary of Hagerty (HGTY), reported $20 million in total sales at its third annual Porsche Air|Water Auction, with an 84% sell-through rate and nearly 50% first-time bidders. This is a routine operational update for a non-core segment of Hagerty's business and does not materially impact the company's financial outlook.
Key Financial Metrics
Key Facts
- Total sales of $20 million at the Porsche Air|Water Auction
- 84% sell-through rate (70 of 83 lots)
- Nearly 50% of bidders were first-time participants
- Top sale: 2015 Porsche 918 Spyder Weissach at $4,680,000
- Next auction: May 16-17 at Concorso d’Eleganza Villa d’Este
Financial Impact
Auction generated $20 million in total sales, a small fraction of Hagerty's overall revenue (Hagerty reported $1.4B in 2025 revenue). No material impact on HGTY financials.
Risk Factors
- Auction results are not indicative of Hagerty's core insurance or membership performance
- Collector car auction market may be cyclical and subject to economic conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283076 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Press Release | $15.52 | awaiting T+20 | — | $15.57 (+0.32%) |
Oct 15, 2026 12d ago | Press Release | $15.30 | awaiting T+20 | — | $15.57 (+1.76%) |
Oct 6, 2026 21d ago | SC 13G/A | $13.93 | awaiting T+20 | — | $15.57 (+11.77%) |
Sep 24, 2026 4w ago | Press Release | $13.58 $15.79 | ▲ +16.27% | ▲ +16.69% | $15.57 (+14.65%) |
Sep 23, 2026 4w ago | Press Release | $13.70 $15.52 | ▲ +13.28% | ▲ +12.60% | $15.57 (+13.65%) |
Sep 22, 2026 5w ago | Press Release | $13.55 $15.46 | ▲ +14.10% | ▲ +14.66% | $15.57 (+14.91%) |
Sep 17, 2026 5w ago | Press Release | $13.87 $15.30 | ▲ +10.31% | ▲ +9.10% | $15.57 (+12.26%) |
Sep 9, 2026 6w ago | Press Release | $13.49 $14.20 | ▼ −5.26% | ▼ −3.14% | $15.57 (−15.42%) |
Sep 3, 2026 7w ago | Press Release | $13.46 $13.61 | ▲ +1.11% | ▲ +2.30% | $15.57 (+15.68%) |
Aug 17, 2026 10w ago | Press Release | $12.86 $14.02 | ▲ +9.02% | ▲ +11.00% | $15.57 (+21.07%) |
US Market Status
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