TRAVERSE
CITY, Mich., Nov. 15,
2023 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY),
the leading specialty vehicle insurance provider and auto
enthusiast brand, announced the George
Foreman Collection of more than 50 collector cars, spanning
every decade of production from the 1930s through present, are now
available for online auction through Hagerty Marketplace, a
trusted, easy-to-use platform to buy and sell automobiles. The
auction lots will close between December
11th and December 21st, with multiple cars ending each
weekday.
George Foreman, a former Olympic
gold medalist and two-time heavyweight champion of the world, is
best known for his prowess in the boxing ring, with his 76 wins in
81 fights with 68 by knockout. Today, the Hall of Famer still is
the face of his eponymous franchise, the George Foreman Grill,
which has sold more than 100 million units worldwide. Mr. Foreman
also recently saw the release of his biopic major motion
picture, Big George
Foreman, this past summer.
Also an avid car collector, George
Foreman said, "I have been a car collector and
enthusiast most of my life, but the time has come for me to share
my cars with other like-minded enthusiasts. Being able to offer
them to the more than million-strong Hagerty audience is the best
way to ensure they get the attention they deserve."
President of Hagerty Marketplace, Kenneth Ahn noted, "It is our pleasure to
feature for auction the collection of Mr. George Foreman, former heavyweight boxing
champion of the world, on Hagerty Marketplace. Our team has been
working with Mr. Foreman to prepare each of the cars to be offered
for auction, and we anticipate a strong interest and bidding for
the cars on Hagerty Marketplace. The addition of the George Foreman Collection to the Hagerty
Marketplace continues to highlight the growing strength and reach
of our Marketplace platform."
The vehicles in The George
Foreman Collection have been in long-term static storage and
will benefit from additional mechanical attention prior to being
driven. Bidders are encouraged to review the Additional Documents
section of each lot for any recent mechanical service rendered to
help return certain vehicles to running condition.
Additionally, bidders should carefully review the photos of each
lot in the collection, which may highlight the corrosion of metal
components certain vehicles sustained as the result of a garage
fire caused by a golf cart battery in March
2019. Although none of the vehicles sustained fire damage
from the fire itself, the cosmetic effects of the corrosive soot
for certain vehicles can be observed in the detailed photo
galleries of each lot and noted in the description. All lots are
sold as-is, and bidders are encouraged to contact a Hagerty
Marketplace car specialist and are responsible for due diligence
before placing a bid.
Hagerty Marketplace Car Specialist Cason Vogel weighs in on the mixture of cars
within the Foreman Collection, saying, "The Collection is certainly
unique and diverse, with the earliest example being a 1931 Ford
Model A Cabriolet A400 and one of the latest being a 2005 Ford GT.
The more than 50 motor cars offered are highlighted with a plethora
of marques, including Chevrolet, Chrysler, Ferrari, Dodge,
Plymouth, BMW, Porsche,
Rolls-Royce, Bentley, and
Volkswagen.
Standout examples from the collection include the previously
mentioned 2005 Ford GT, finished in Mark IV Red paintwork with
Ebony Black leather interior and
highlighted by all four options, including the painted calipers,
McIntosh Stereo System, BBS lightweight aluminum wheels, and white
painted racing stripes. Perhaps most impressively, the Ford shows
less than 790 miles from new as a single-owner example.
Another highlight is the 2000 BMW Z8, a single-owner example
owned by George Foreman since new
and one of just 37 finished in Topaz Blue Metallic over a Crema and
Black interior, one of the rarest color combinations produced.
Meanwhile, a pair of modern Ferraris highlight the European cars of
the George Foreman Collection and
are showcased by the 2002 Ferrari 360 Modena and the 1987 Ferrari
Testarossa.
To ensure the buying and selling process is as simple and safe
as possible, the Hagerty Marketplace team provides extensive
pre-sale and post-sale services, including facilitation of payment
and transfer of ownership. More information on how to register to
bid and sell on Hagerty Marketplace online auctions can be found at
the website: Hagerty Marketplace.
Hagerty Marketplace also includes collector favorite Hagerty
Valuation Tools®, which includes more than 15 years of pricing for
40,000 enthusiast cars, trucks, vans and motorcycles from the
post-war era to present.
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
67 million Americans who self-describe as car enthusiasts. Hagerty
also operates in Canada and the
U.K. and is home to Hagerty Drivers Club, a community of over
800,000 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 www.hagerty.com
or connect with us on Facebook, Instagram, Twitter and
LinkedIn.
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SOURCE Hagerty