- Broad Arrow Auctions to offer an additional 25 cars during the
Monterey Jet Center Auction August 17
and 18 as part of Motorlux
- The Hendricks Collection at the Gateway Museum includes
many of the most prized and impeccably preserved historic cars in
the country
- The collection is live now on Hagerty Marketplace, with
lots ending from July 31 to August
11
- View the entire collection and register to bid
at www.hagerty.com/marketplace
TRAVERSE
CITY, Mich., July 13,
2023 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an
automotive lifestyle brand and a leading specialty insurance
provider alongside Broad Arrow Auctions, today announced the
Hendricks Collection at the Gateway Museum is now available online
through Hagerty Marketplace, a trusted, easy-to-use platform to buy
and sell automobiles. The lots will close between July 31 and August 11, with 2-3 cars
ending each weekday during that period.
Epic Cars from the Hendricks Collection of
the Gateway Museum Available Now on Hagerty Marketplace
Auction
The Collection is split in half with approximately 25 being sold
online as presented here and an additional 25 being offered at the
Broad Arrow Monterey Jet Center Auction this August 17-18, additional information on those
live auction cars can be found at www.broadarrowauctions.com.
The Hendricks Collection comprises over 50 motor cars in total
from the early 1900s through today with each car inspected and
cataloged by a Broad Arrow specialist on behalf of Hagerty
Marketplace. Offered on behalf of the Hendricks Collection at the
Gateway Auto Museum, which is devoted to understanding, and
celebrating, the history, design and social impact of the American
automobile.
Senior Car Specialist Donnie
Gould comments, "We are honored to have been chosen to
represent the Gateway Collection. The quality of each of the cars
is outstanding, most are in show quality condition and each one was
hand-picked with a vision, making for an exciting addition to our
Marketplace."
A significant highlight of the collection is the 2005 Ford
GT, equipped with all four options and finished in Mark IV Red
with white racing stripes. Showing just over 8,200 miles from new
it is estimated at $250,000 -
$300,000.
Another highlight is the 1957 Pontiac Bonneville
Convertible, finished in Kenya
Ivory and Bonneville Red and
a red and white leather interior accented by a white power-operated
Pinpoint convertible top with a new boot. Powered by a 347 cu-in
overhead-valve V8 rated at 310 horsepower with a three-speed
Hydra-Matic automatic transmission. Representing the first year of
Bonneville production and the most well-equipped Pontiac on offer in 1957, this example is
estimated at $125,000-$150,000.
A low-mileage, restored 1932 Auburn 8-100A Custom Speedster, estimated at
$90,000-$110,000, finished in Burgundy with red accents
over a Tan leather interior complete with Wilton wool
carpets. Powered by an eight-cylinder Lycoming engine, this
example has been restored in the style of an Auburn Boattail
Speedster.
A well-restored 1956 DeSoto Adventurer Hardtop, finished
in two-tone Jet Black with Adventurer Gold over a color-coordinated
interior and powered by a specially modified, 341 cu-in Hemi V8
advertised with 315 horsepower. This DeSoto is one of 996 flagship
Adventurer models built for model year 1956 and is estimated at
$75,000-$100,000.
In August 2022, Hagerty (NYSE:
HGTY), an automotive lifestyle brand and a leading specialty
insurance company, entered into a definitive agreement to acquire
Broad Arrow Group. Broad Arrow Group clients now benefit from
access to Hagerty's reach and range of services offered to
collector car enthusiasts. In October
2022, Hagerty also launched Marketplace online auctions
(www.hagerty.com/marketplace), which allows members and enthusiasts
to buy and sell automobiles through a trusted, easy-to-use online
auction platform, with consignments powered by the Broad Arrow
team. Together, Hagerty and Broad Arrow now offer a full suite of
buying and selling options to the collector car community, from
both live and online auctions to private sales, classifieds and
financing solutions.
Photo Credit: Photos courtesy of Broad Arrow
Group/Ryan Merrill
About Broad Arrow Group, a Hagerty Company - Broad
Arrow Group, 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 Group operates
Broad Arrow Auctions, Broad Arrow Capital, and Collectors Garage
and is headquartered in Grosse Pointe,
Michigan. Learn more at broadarrowgroup.com.
About Hagerty, Inc. (NYSE: HGTY)
Hagerty is an
automotive lifestyle 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 69 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 750,000 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 https://www.hagerty.com/, or connect with
us on Facebook, Instagram and Twitter.
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.
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SOURCE Hagerty