This is a routine promotional press release for a subsidiary's auction event. No financial data or guidance was provided. Monitor Hagerty's next quarterly earnings for any impact from auction segment performance.
Price Chart
Executive Summary
Broad Arrow Auctions, a subsidiary of Hagerty (HGTY), announced a 1997 Ferrari F50 with 106 miles as the headline lot for its October 31 Las Vegas Auction, with an estimated price in excess of $20 million. The press release also notes that modern supercars' share of auction sales has grown to 38% and hypercars' to 32% since 2019, and that Hagerty's Ferrari Supercars Index has outperformed the S&P 500 by more than 300 points. This is a routine marketing announcement with no material financial impact on Hagerty's near-term results.
Key Facts
- Broad Arrow Auctions will hold its Las Vegas Auction on October 31, 2026 at Wynn Las Vegas
- The star lot is a 1997 Ferrari F50 with 106 miles, estimated to bring in excess of $20,000,000
- More than 75 collector cars will be offered at the single-day auction
- Since 2019, modern supercars' share of auction sales has increased to 38% and hypercars' share to 32%
- Hagerty's Ferrari Supercars Index has outperformed the S&P 500 by more than 300 points
Financial Impact
No financial figures for Hagerty (HGTY) were disclosed. The auction's headline lot is estimated at >$20 million, but this is a single consignment and does not directly impact Hagerty's revenue or earnings.
Risk Factors
- No financial risks identified from this announcement
- Auction results may vary and do not guarantee revenue for Hagerty
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3382034 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $15.52 | awaiting T+20 | — | $15.95 (+2.77%) |
Oct 15, 2026 11d ago | Press Release | $15.30 | awaiting T+20 | — | $15.95 (+4.25%) |
Oct 6, 2026 20d ago | SC 13G/A | $13.93 | awaiting T+20 | — | $15.95 (+14.50%) |
Sep 24, 2026 4w ago | Press Release | $13.58 $15.79 | ▲ +16.27% | ▲ +16.69% | $15.95 (+17.45%) |
Sep 23, 2026 4w ago | Press Release | $13.70 $15.52 | ▲ +13.28% | ▲ +12.60% | $15.95 (+16.42%) |
Sep 22, 2026 4w ago | Press Release | $13.55 $15.46 | ▲ +14.10% | ▲ +14.66% | $15.95 (+17.71%) |
Sep 17, 2026 5w ago | Press Release | $13.87 $15.30 | ▲ +10.31% | ▲ +9.10% | $15.95 (+15.00%) |
Sep 9, 2026 6w ago | Press Release | $13.49 $14.20 | ▼ −5.26% | ▼ −3.14% | $15.95 (−18.24%) |
Sep 3, 2026 7w ago | Press Release | $13.46 $13.61 | ▲ +1.11% | ▲ +2.30% | $15.95 (+18.50%) |
Aug 17, 2026 10w ago | Press Release | $12.86 $14.02 | ▲ +9.02% | ▲ +11.00% | $15.95 (+24.03%) |
US Market Status
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