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Grosse Pointe, Michigan, July 23, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, driven by Hagerty (NYSE: HGTY), has added an incredible amount of horsepower to its inaugural edition of The Quail Auction with a thrilling lineup of exceedingly rare and luxuriously appointed modern hypercars and supercars. All set for the official auction of The Quail by The Peninsula, A Motorsports Gathering on August 13 and 14 in Carmel, California, the group is commanded by a 2025 Bugatti W16 Mistral, estimated to bring $8,000,000 to $10,000,000.

The Mistral on offer is a fantastic example of Bugatti’s ultimate open-air roadster and the final model powered by the marque’s potent quad-turbocharged 8.0-liter W16 engine. Producing 1,578 horsepower and mind-bending stats of zero-to-62 mph in 2.6 seconds with a 260-mph top speed, it remains the fastest recorded production roadster on the planet.

Strikingly specified in Matt Argent/Black Carbon over a Beluga Black and Tangerine interior, it is further enhanced by Bugatti Light Blue Sport accents throughout the vehicle alongside nearly $650,000 in bespoke appointments. One of a mere 99 examples produced, showing just 652 miles from new and recently serviced at Bugatti Beverly Hills, the Mistral is primed to become the crown jewel in any world-class collection of landmark hypercars. 

“Our lineup of incredible hypercars at The Quail Auction offers serious collectors their pick of truly the most visceral driving experiences today’s technology can afford,” says Alexander Weaver, VP and Senior Car Specialist for Broad Arrow. “This selection of cars also allows bidders to choose an aesthetic that suits their tastes, with both subtle and wild bespoke specifications on some of the most desirable performance cars on the planet. The W16 Mistral stands out from a very distinguished pack, preserving Bugatti’s sixteen-cylinder masterpiece and peerless luxury while adding an unobstructed, open-air connection from engine to driver.”

Joining the Mistral at Broad Arrow’s The Quail Auction is its open-top W16-powered predecessor, a 2011 Bugatti Veyron 16.4 Grand Sport (Estimate: $3,350,000 - $3,850,000). If the original Bugatti Veyron redefined the limits of the modern hypercar, the next logical step was to remove the roof. Introduced in 2008, the Veyron 16.4 Grand Sport debuted with a targa-top and an array of subtle but meaningful mechanical enhancements that brought a new level of open-air enjoyment to Bugatti’s genre-defining, record-breaking masterpiece. The example on offer is one of only 150 examples produced and is elegantly finished in White over a Saddle brown Nappa leather interior. Presented with 8,595 miles at cataloging, this is a desirable example of the benchmark hypercar of the 21st Century.

Beyond the Bugattis, The Quail Auction is set to feature an adrenaline-pumping, eye-catching selection of some of the collector car hobby’s most sought-after hypercars and performance icons, including:

2023 Hennessey Venom F5 Revolution Coupe (Estimate: $2,900,000 - $3,200,000)

One of just 24 examples of Hennessey’s most extreme track weapon to date, this Venom F5 Revolution Coupe is finished in a unique two-tone “Exposed Carbon Fade” exterior, a $404,000 option, and powered by a twin-turbocharged 6.6-liter V8 producing an astonishing 1,817 horsepower. Offered from single ownership and with just 508 miles, its window sticker, and factory “treasure chest” accessory crate, the Hennessey affords its next caretaker the rare luxury of choice. It is equally deserving of a place among the world’s foremost collections of contemporary hypercars as it is attacking the apexes of America’s greatest racing circuits.

The Collector’s Reserve

An open-air 2023 Hennessey Venom F5 Roadster (Estimate: $2,200,000 - $2,600,000) also joins The Quail Auction lineup as the headlining car in The Collector’s Reserve, an exciting group of 15 performance and supercars offered from a single owner and largely without reserve. The fifth of just 30 Venom F5 Roadsters built by Hennessey Special Vehicles of Sealy, Texas, this ultra-exclusive American hypercar was specified in Banner Green with $150,000 in optional paintwork, including the Exclusive Color Match program and Shark Grey accent livery. Also powered by a twin-turbocharged 6.6-liter “Fury” V8, the incredible machine is capable of zero-to62 mph in 2.6 seconds and zero-to-249 mph in an unbelievable 15.5 seconds. Presented in essentially as-delivered condition, the Venom F5 Roadster promises a driving experience that few machines can approach.

The remainder of The Collector’s Reserve features highly desirable performance and supercars from the market’s top marques, including Porsche, Ferrari, Mercedes-Benz, and Lamborghini. Highlights include a 2021 McLaren Elva (Estimate: $1,750,000 - $2,100,000), one of 149 examples produced and among the very few factory-equipped with the windshield. Showing just 600 miles, exceptionally specified through McLaren Special Operations Bespoke, and maintained exclusively by McLaren, this Elva stands among the finest examples of the model to come to market. The Elva is joined by a Paint to Sample Gulf Blue  2018 Porsche 911 GT2 RS Weissach Package (Estimate: $900,000 - $1,200,000 | Offered Without Reserve), a rare, highly collectible 1994 Porsche 911 Turbo 3.6 (Estimate: $700,000 - $900,000 | Offered Without Reserve), a wonderfully preserved 2005 Ferrari Superamerica (Estimate: $500,000 - $600,000 | Offered Without Reserve), and more.

2017 Ferrari F12tdf (Estimate: $3,300,000 - $3,800,000)

 Ferrari is well-represented within Broad Arrow’s supercar lineup as well, headlined by a 2017 Ferrari F12tdf, breathtakingly specified in Bianco Italia over a White leather/Nero Alcantara interior with a generous complement of carbon fiber and special options. Having had just two owners from new, just 1,060 miles recorded, and regularly serviced by Ferrari Dallas, this is a collector-grade example of the final Ferrari styled in collaboration with Pininfarina and among the most focused front-engined cars Maranello has ever built.

2019 McLaren Senna (Estimate: $2,350,000 - $2,850,000)

An exquisitely finished example of McLaren’s track-focused hypercar dedicated to the remarkable impact of legendary driver Ayrton Senna is also on offer at Broad Arrow’s Quail Auction; a 2019 McLaren Senna. Powered by the marque’s proven twin-turbocharged 4.0-liter V8, the Senna offers 789 horsepower and bespoke aerodynamics piloted from a racing-inspired cockpit. This is one of only three examples specified through McLaren Special Operations with the renowned McLaren F1 FINA livery, inspired by the famous McLaren F1 GTR Longtail chassis number 17R driven by Nelson Piquet—another Brazilian multiple Formula 1 World Champion—at the 1997 24 Hours of Le Mans.

Adding to the Senna lore to be celebrated at Broad Arrow’s 2026 The Quail Auction is a 1982 Ralt RT3 F3 ex-Ayrton Senna (Estimate: $500,000 - $700,000), perhaps the car that spawned one of the most successful and legendary careers in motorsport. The Ralt was driven to pole position, victory, and fastest lap by Ayrton Senna in his first-ever Formula 3 race at Thruxton in November 1982, after which he made the decision to choose racing over his family enterprise. The car has been beautifully restored, is highly eligible for premier historic single-seater events, and is believed to be the sole surviving Formula 3 car raced by Senna.

Additional information on the just-announced hypercars and on all lots in Broad Arrow’s inaugural edition of The Quail Auction can be found at broadarrowauctions.com. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780. Final exciting entries and the complete digital catalog will be available soon.

Editor’s Notes

Photo Captions/Credits: 

2025 Bugatti W16 Mistral (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)2011 Bugatti Veyron 16.4 Grand Sport (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)2023 Hennessey Venom F5 Revolution Coupe (Credit – Kevin McCauley/Courtesy of Broad Arrow Auctions)2023 Hennessey Venom F5 Roadster (Credit – Jordan Fry/Courtesy of Broad Arrow Auctions)2017 Ferrari F12tdf (Credit – Rasy Ran/Courtesy of Broad Arrow Auctions)2019 McLaren Senna (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)1982 Ralt RT3 F3 ex-Ayrton Senna (Credit – Karissa Hosek/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 by The Peninsula, A Motorsports Gathering), The Amelia 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 Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2025 Bugatti W16 Mistral set to star at Broad Arrow's inaugural edition of The Quail Auction on August 13-14 2025 Bugatti W16 Mistral set to star at Broad Arrow's inaugural edition of The Quail Auction on August 13-14

Grosse Pointe, Michigan, July 21, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, driven by Hagerty (NYSE: HGTY), is proud to present a selection of exceptional RUF, Porsche, and Singer models at its inaugural edition of The Quail Auction, the official auction of The Quail by The Peninsula, A Motorsports Gathering.

Among these highly desirable collector cars are a number of extremely rare RUF models, including one of only six RUF SCR ‘Mary Stuart’ examples. These will be joined by truly unique Singer commissions, as well as supercar icons of Porsche history such as the famous 959 Komfort and a 2015 918 Spyder.

These incredible RUF, Porsche, and Singer models will be among nearly 200 collector cars offered for sale at Broad Arrow’s inaugural edition of The Quail Auction. Taking place on Thursday August 13 and Friday August 14, the auction will feature some of the market’s most sought-after pre- and post-war classics, motorsport icons, supercars and modern collectibles, promising exciting bidding, a superb atmosphere, and the opportunity for collectors to acquire automobiles that have truly made their mark on motoring history.

“This is a wildly rare group of cars set for our auction at The Quail”, says Alexander Weaver, VP and Senior Car Specialist for Broad Arrow Auctions. “The RUF SCR “Mary Stuart” carries an incredible origin story, and as one of just six entirely made-to-order cars, delivered to a very well-known RUF collector, this is the one to chase. The iconic Porsche 959 speaks for itself, and the 918 Spyder is a fantastic example of a forward-thinking collector who specified the car in a way that almost predicted where the market was going. On top of all that, having a trio of Porsche 911s Reimagined by Singer in three different model configurations presents collectors with some of the most exclusive, bespoke offerings from the sought-after brand. We look forward to building on our reputation for exceptional Porsches at The Quail Auction.”

Leading a superbly curated selection of RUF collector cars is one of its rarest and newest models, a 2024 RUF SCR ‘Mary Stuart’ (Estimate: $2,500,000 - $2,800,000) Offered for the first time ever at auction, this highly exclusive, made-to-order RUF is one of only six SCR versions to be built in ‘Mary Stuart’ specification. The fascinating name comes from the high wraparound rear spoiler that Porsche fitted to its works Carrera RSR models in 1973, reminiscent of the high ruff collar worn by Mary, Queen of Scots. Finished in stunning Paint-to-Sample Ultra Violet, this 4.0-liter flat-six powered supercar has been driven only 176 miles at the time of cataloging. Along with its revered powertrain, it features a covetable specification with RUF-branded lightweight bucket seats, lightweight door panels, a custom valved exhaust and ‘Mary Stuart’ script on the rear shelf.

It is joined in the auction by one of the pillars of the RUF catalog a 1990 RUF BTR III Cabriolet (Estimate: $800,000 - $950,000). This rare final evolution of the BTR III, or Gruppe B Turbo RUF, represents the end of an era in which RUF firmly established itself as a world-class manufacturer. Featuring only 45,625 kilometers, this example is finished in Iris Blue Metallic with a Dark Blue leather interior and combines open-top cabriolet motoring with the performance for which RUF has become synonymous. Another icon of RUF history is a 1994 Porsche 911 RUF RCT EVO Speedster (Estimate: $800,000 - $950,000), one of very few Type 964 Speedsters to have been converted to RUF specification. Following a comprehensive restoration by RUF in 2015, it was given the desirable RUF Carrera Turbo (RCT) Evo conversion in 2024, making it a truly desirable derivative.

Equally desirable is a 1995 RUF RCT EVO (Estimate: $950,000 - $1,100,000), finished in iconic Guards Red over a black leather/Alcantara interior with only 55,123 miles on the odometer. Last but by no means least, is a 2013 RUF Rt35 (Estimate: $600,000 - $700,000), one of only 35 created to commemorate 35 years of turbocharged heritage and the first RUF model to be built on the Porsche 991 platform. This example, finished in Carrera White, is even rarer still as only a handful of open-top versions were created making this a truly historically significant RUF model.

1990 Porsche 911 Reimagined by Singer – Classic Turbo Services ‘Aurum Verde Commission’ (Estimate: $1,500,000 - $1,800,000 | Offered Without Reserve)

Since Rob Dickinson founded Singer Vehicle Design in 2009, the company has created some of the most desirable collector cars in the world. In 2022 it finally entered the world of turbocharging with the creation of Classic Turbo Services and the ‘Aurum Verde Commission’, finished in striking Nice Green Metallic over a Cognac leather interior with Pascha-style bespoke woven leather seat inserts, was one of its first. This incredible piece of Singer history was not only a press car featured in Top Gear and Evo magazines, but it also appeared at the Goodwood Festival of Speed and was tested at the notorious Nürburgring Nordschleife. It is presented having driven only 8,449 miles and benefits from a full factory refresh in 2025.

1990 Porsche 911 Coupe Reimagined by Singer ‘Los Angeles Commission’ (Estimate: $1,100,000 - $1,300,000)

This extremely desirable and entirely bespoke Classic Study has driven only 8,000 miles and is finished in stunning Paint-to-Sample Namib Yellow with ghosted racing stripes over a Bone White leather interior with Black leather contrast trim. Powered by an Ed Pink Racing-built 4.0-liter air-cooled flat-six, it benefits from Singer’s ‘Big’ Cams and Ceramic Plenum Inlet and features a six-speed manual transmission and a limited-slip differential. This glorious powertrain is complimented by Öhlins Sport two-way adjustable dampers, making the ‘Los Angeles Commission’ the perfect canyon car.

1990 Porsche 911 Targa Reimagined by Singer ‘Coconut Grove Commission’ (Estimate: $1,100,000 - $1,300,000)

Reimagined by Singer Classic Services created this unique ‘Coconut Grove Commission’ featuring Singer Racing White paintwork with a Ruby Targa top over a Dark Plum leather interior. As a Targa, it is among the rarest of Singer models and this example has been driven only 55 miles in the hands of its original owner, making it effectively as-new and a remarkable opportunity for any Singer or Porsche collector.

The Quail Auction will also feature some of the most iconic supercar models from Porsche history, including a rare 1988 Porsche 959 Komfort (Estimate: $2,650,000 - $2,950,000). Only 266 959 Komfort supercars were produced and this German-market example showing just 20,751 kilometers, is one of only 34 to be painted in Graphite Metallic. A full matching numbers example, it benefits from a comprehensive service, along with recommissioning and 959 suspension upgrade by Canepa in 2024 at a cost of over $240,000. It is supplied with its original three-piece toolkit, driver’s manual and Porsche-issued specification sheet and has previously been in the ownership of several prestigious collections. Another superb Porsche model offered for sale is a 1995 911 Turbo Cabriolet (Estimate: $700,000 - $900,000) from the renowned Todd Blue Collection. One of only 14 Exclusive Department 993-generation 911 Turbo Cabriolets produced, this Midnight Blue Metallic example is one of the rarest ever produced by Porsche and was unavailable in the U.S. when new, making it even rarer still.

For collectors of modern supercars, one of the most desirable is undoubtedly the Porsche 918 Spyder (Estimate: $3,250,000 - $3,750,000 | Offered Without Reserve) and Broad Arrow will feature a superb 2015 model finished in Paint to Sample Grey Black over a Leather to Sample white leather interior at The Quail Auction. One of only 300 U.S.-market 918 Spyders produced, it features the optional Front Axle Lift System, Carbon Fiber Interior Package and is fitted with Lightweight Weissach magnesium wheels. This full ‘to Sample’ specification version of one of the defining supercars of the 21st century is worthy of any serious collection.

Additional information on all lots in Broad Arrow’s inaugural edition of The Quail Auction can be found at broadarrowauctions.com. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780. The complete digital catalog will be available soon.

Editor’s Notes  

Photo Captions/Credits: 

2024 RUF SCR ‘Mary Stuart’ (Credit – Ryan Merrill/Courtesy of Broad Arrow Auctions)1990 RUF BTR III Cabriolet (Credit – Courtesy of Broad Arrow Auctions)1990 Porsche 911 Reimagined by Singer - Classic Turbo Services "Aurum Verde Commission" (Credit – Justin Pavlovsky/Courtesy of Broad Arrow Auctions)1988 Porsche 959 Komfort (Credit – Courtesy of Broad Arrow Auctions)2015 Porsche 918 Spyder (Credit – Robin Adams/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 by The Peninsula, A Motorsports Gathering), The Amelia 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 Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 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. 

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The one-of-six 2024 RUF SCR "Mary Stuart" offered at Broad Arrow's upcoming The Quail Auction, August 13-14, 2026. PTS Grey Black 2015 Porsche 918 Spyder offered without reserve at Broad Arrow's The Quail Auction 2026 during Monterey Car Week

Grosse Pointe, Michigan, July 08, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is thrilled to present a lineup of highly collectible modern Ferraris to be offered at its inaugural edition of The Quail Auction, the official auction of The Quail by The Peninsula, A Motorsports Gathering. Set for August 13-14 at The Quail Golf Club in Carmel, California, The Quail Auction will feature approximately 175 exceptional collector cars offered alongside one of the most influential luxury car events in the world.

Latest highlights for Broad Arrow’s The Quail Auction are led by in-demand modern collectibles from one of the most influential car marques and luxury brands of all time—Ferrari. With modern collectible Ferrari values up 16.3 percent since just April 2026 (based on Hagerty Intelligence Data), Broad Arrow’s recent entries are catering to the desires of today’s most active collectors.

Leading Ferraris of the new millennium at Broad Arrow’s two-day sale is a 2015 Ferrari 458 Speciale A (Estimate: $2,200,000 - $2,500,000) offered from the Brett Silver Collection. In true Ferrari fashion, this is one of just 499 examples produced worldwide, representing the last naturally aspirated mid-engine V8 Ferrari, powered by a 597-horsepower 4.5-liter V8 revving to 9,000 rpm. The U.S.-market example remains in virtually new condition, showing a mere 175 miles at the time of cataloging. Finished in Bianco Avus with Nero Argento racing stripes over Nero leather with yellow deviated stitching and comprehensively optioned with over $64,000 in extras, this is among the most sought-after Ferraris of the 21st century.

The group also features a single-owner 2020 Ferrari 488 Pista Spider (Estimate: $1,400,000 - $1,600,000), an 1,834-mile example of Ferrari's highest-performing spider ever. Finished in quintessential Rosso Corsa with an iconic Italian Tricolore stripe over an Extra-Range Nero interior, the 488 Pista Spider is extensively specified with fender shields, suspension lifter, an array of carbon fiber accents, and more.⁠ Powered by a twin-turbocharged 3.9-liter V8 producing 710 horsepower, the Spider is capable of sprinting from 0-to-62 mph in 2.85 seconds to a top speed of 211 mph. Offered with a score of delivery items, including its owner's manuals, window sticker, and scale models, this is an exhilarating open-top experience not to be missed.⁠

Rounding out featured cars is a stunning 2001 Ferrari 550 Barchetta Pininfarina (Estimate: $1,100,000 - $1,400,000) a model that has increased in average value by 72 percent since April 2026. The car on offer is the 24th of just 448 examples built worldwide to commemorate Pininfarina’s 70th anniversary and one of just 127 U.S.-market cars. It is finished in the uncommon specification of Nero D.S. over Cuoio leather with matching roll hoops and displays just 5,722 miles from new. This Ferrari Classiche-certified example retains its matching-numbers engine and transaxle and was the subject of an extensive recent recommissioning. Powered by a 5.5-liter, 479-horsepower V12 paired with a six-speed gated manual, this is surely one of the finest examples in recent memory.”

“This trio represents the pinnacle of modern Ferrari collecting,” says Barney Ruprecht, Vice President of Auctions for Broad Arrow. “If we think back 10 years, collectors were chasing 250 GT Coupes and 330 GTCs as the models just beneath the Ferrari 275. Now, it’s the 458 Speciale, the 488 Pista, and the 550 Barchetta that Ferrari collectors are after as the new threshold of collecting under the Enzo and the LaFerrari. We look forward to presenting these best-of-the-best, low-mileage, fantastic spec examples at The Quail Auction next month, with additional exciting cars to come.”

Additional modern Ferraris heading to The Quail Auction include:

A low-mileage 2025 Ferrari 12Cilindri (Estimate: $650,000 - $700,000), showing just 1,346 miles from new. Among the last grand touring models to feature a naturally aspirated V12 engine, this difficult-to-secure 12Clinidri is richly specified with factory "special equipment" approaching $150,000, including Panoramic Roof, Daytona Racing Seats and numerous carbon-fiber appointments, along with additional premium Ferrari options.Offered from The Casa Bella Macchina Collection, a well-optioned 2019 Ferrari 812 Superfast (Estimate: $350,000 - $400,000 | Offered Without Reserve) boasting single ownership from new and presented in essentially as-new condition in Bianco Avus over a tailored cabin trimmed in Rosso Ferrari leather with Daytona-style seats.A beautifully presented, Classiche-certified 2000 Ferrari 550 Maranello (Estimate: $325,000 - $400,000), distinguished by its uncommon factory finish of Blu Nart over a Blu leather interior and powered by the 479-horsepower 5.5-liter V12 paired with the desirable six-speed manual transmission.A fantastic example of the final manual, mid-engined Ferrari built to date, a 2006 Ferrari F430 (Estimate: $300,000 - $400,000 | Offered Without Reserve). Finished in classic Rosso Corsa over Beige leather, this F430 is factory specified with the exceedingly rare gated six-speed manual transmission, shows just 19,192 miles from new, and is desirably optioned with heated Daytona-style seats, Scuderia fender shields, Rosso brake calipers, and more.An award-winning and recently serviced 2004 Ferrari 360 Spider (Estimate: $200,000 - $250,000) finished in timeless Rosso Corsa over Beige leather with Nero inserts, specified with the highly prized factory gated six-speed manual transmission, and attractively optioned with 19-inch Challenge-style wheels, front and rear Challenge grilles, fender shields, and Daytona-style seats.Also offered from The Casa Bella Macchina Collection, this 2001 Ferrari 360 Spider (Estimate: $175,000 - $200,000 | Offered Without Reserve) is fitted with the desirable gated six-speed manual transmission, is finished in elegant Black Nero with Daytona Beige leather seats, shows just 18,404 miles from new, and is fresh from a 2026 service performed by Ferrari Philadelphia. Additional information on all lots is available at broadarrowauctions.com, where fascinating cars are being added daily. Interested bidders and consignors can learn more, register to bid, and connect with a Broad Arrow Auctions car specialist at broadarrowauctions.com or by calling +1 313 312 0780.

Members of the media with any questions or who are interested in applying for press credentials for The Quail Auction and Preview are invited to reach out to the Broad Arrow Press Team at [email protected].

Editor’s Notes

Photo Credits:

2015 Ferrari 458 Speciale A (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)

2020 Ferrari 488 Pista Spider (Credit - Justin Pavlovsky/Courtesy of Broad Arrow Auctions)

2001 Ferrari 550 Barchetta Pininfarina (Credit – Tom Nisco/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 by The Peninsula, 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 2.8 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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2015 Ferrari 458 Speciale A to be offered at Broad Arrow's inaugural edition of The Quail Auction 2001 Ferrari 550 Barchetta Pininfarina to be offered at Broad Arrow's inaugural edition of The Quail Auction

2015 Ferrari 458 Speciale A to be offered at Broad Arrow's inaugural edition of The Quail Auction Credit - Robin Adams/Courtesy of Broad Arrow Auctions 2001 Ferrari 550 Barchetta Pininfarina to be offered at Broad Arrow's inaugural edition of The Quail... Credit - Tom Nisco/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, June 16, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to announce that it will host a new auction in Paris during Salon Rétromobile Week at The Peninsula Paris hotel in 2027. Broad Arrow’s Paris Auction will take place on Wednesday 3 February 2027, with public previews held from 1-3 February.

This incredibly exciting new auction in the heart of Paris will feature some of the world’s most desirable collector cars, all presented in one of the most iconic locations in the French capital, the Peninsula Paris on the exclusive avenue Kléber. Set to coincide with one of the biggest events in the classic car world, Rétromobile, it promises to attract collectors from around the world for what will surely be a highlight of the international collector car auction calendar.

“We are immensely honoured to partner with The Peninsula Paris to host our new Paris Auction in 2027,” says Joe Twyman, VP of Sales EMEA Region for Broad Arrow Auctions. “The Peninsula Paris is a world-class destination for what will surely be one of the premier European collector car auctions in 2027 and which perfectly complements Broad Arrow’s sales at the Concorso d’Eleganza Villa d’Este, the Zoute Concours Auction and The Zürich Auction.”

Peninsula Hotels have become synonymous with the international collector car community through their renowned Peninsula Signature Events including The Peninsula Classics Best of the Best Award, as well as The Quail, A Motorsports Gathering, for which Broad Arrow is the official auction partner.

Since 2014, The Peninsula Paris has become a home for the world’s elite when visiting the city of romance and light. Like Broad Arrow, it is globally renowned for its meticulous attention to detail when meeting the needs of its clientele, ensuring the ultimate luxury experience. Within walking distance of the Champs-Élysées and the Arc de Triomphe in the exclusive 16th arrondissement, it is the ideal location for the latest addition to Broad Arrow’s European auction calendar.

“We are looking forward to welcoming international collectors to the Peninsula Paris next year,” says Karsten Le Blanc, SVP, Head of Broad Arrow’s EMEA Region and Broad Arrow Capital. “The catalogue will be highly curated and limited for what will be a truly exclusive sale, and collectors wishing to discuss consigning their cars are now invited to contact our specialists to be part of what will undoubtedly be a memorable occasion.”

Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Ends.

For media enquiries relating to Broad Arrow Auctions, please contact a member of the press team.

Editor’s Notes 

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 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 Audrain Auction in partnership with The Audrain Newport Concours & Motor Week, 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.

About The Peninsula Paris
The Peninsula Paris is a joint venture between Katara Hospitality and The Hongkong and Shanghai Hotels Limited (HSH). The Peninsula Paris hotel is ideally located in the heart of the capital, a stone’s throw from some of the world’s most famous monuments, museums and luxury boutiques. The iconic Haussmann building has 200 luxurious rooms, including 93 suites which are among the most spectacular in the capital.

Overseeing three restaurants, L’Oiseau Blanc holds two Michelin stars and offers breathtaking panoramic views of Paris’ rooftops and the Eiffel Tower, while the theatrical LiLi serves the finest Cantonese cuisine in an opera-inspired setting. Le Lobby provides an international culinary experience throughout the day in its majestic heritage setting. The elegant Kleber Bar, the exclusive cigar lounge, and the romantic rooftop Secret Table also offer options sure to delight epicureans. For those seeking serenity and well-being, The Peninsula Spa & Wellness Centre offers 1,800 square metres of treatment space devoted to holistic therapies, as well as a 20-metre indoor pool. With its unparalleled commitment to hospitality and attention to detail, The Peninsula Paris makes a superb choice for sharing precious moments with loved ones in The City of Light.

About The Hongkong and Shanghai Hotels, Limited (Stock Code: 45)
Incorporated in 1866 and listed on the Hong Kong Stock Exchange, The Hongkong and Shanghai Hotels, Limited is the holding company of a group which is engaged in the ownership, development, and management of prestigious hotels and commercial and residential properties in key locations in Greater China, Europe, United States and Asia, as well as the operation of the Peak Tram, retail and other services. The Peninsula Hotels portfolio comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula London, The Peninsula Paris, The Peninsula Istanbul, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok and The Peninsula Manila. The property portfolio of the group includes The Repulse Bay Complex, The Peak Tower and St. John’s Building in Hong Kong, and 21 avenue Kléber in Paris, France. The Peak Tram, Retail and Others portfolio of the group includes The Peak Tram in Hong Kong; The Quail in Carmel, California; Peninsula Clubs and Consultancy Services, Peninsula Merchandising, and Tai Pan Laundry in Hong Kong.

About Katara Hospitality
Katara Hospitality is a hotel owner, developer and manager, based in Qatar. With over forty-five years of industry experience, Katara Hospitality is delivering on its development plans by investing in incredible properties in Qatar while expanding its collection of iconic hotels in key overseas markets. Katara Hospitality currently owns or manages 40 hotels and aims to have 60 in its portfolio by 2026. As a national icon of the hospitality industry, Katara Hospitality supports Qatar’s long-term economic vision.

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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The stunning facade of The Peninsula Paris on the famous avenue Kléber, the location of Broad Arrow's inaugural Paris Auction set for 3 February 2027. The gorgeous views from The Peninsula Paris, the venue for Broad Arrow's inaugural 2027 Paris Auction during Retromobile Week.

The stunning facade of The Peninsula Paris on the famous avenue Kléber, the location of Broad Arrow'... Credit - Courtesy of The Peninsula Hotel The gorgeous views from The Peninsula Paris, the venue for Broad Arrow's inaugural 2027 Paris Auctio... Credit - Courtesy of The Peninsula Hotel

Grosse Pointe, Michigan, April 07, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has revealed featured entries in exceptional colors for its third annual Porsche Air|Water Auction, held in partnership with the Air|Water experiential event. Set for April 25 at The OC Fair & Event Center in Costa Mesa, California, the exclusive auction will present more than 50 desirable Porsches and over 20 lots of Porsche memorabilia and collectibles for sale.

Featured highlights of the one-day sale are led by an eye-catching example of the superlative Porsche hypercar, a 2015 Porsche 918 Spyder Weissach Package (Estimate: $4,500,000 - $5,500,000). Limitation number 048 is the singular Paint to Sample Riviera Blue 918 Spyder equipped with the weight-saving Weissach package delivered to North America, featuring a Black interior with Silver piping. Entering production in 2013, the Porsche 918 remains every bit as compelling today as it was when revealed, one of the “holy trinity” hypercars from Porsche, Ferrari, and McLaren, pushing the limits of performance as sustainably and efficiently as possible and setting the bar for the hybrid-electric performance models of today. A mid-engine 4.6-liter, dry sump V8 combined with two electric motors, one each driving front and rear wheels produces a total output of 887 horsepower at 8,500 rpm and 944 lb-ft of torque in seventh gear. That power is transmitted through a lightning-fast dual-clutch, seven-speed PDK transmission.  

This particular car is finished in Paint to Sample (PTS) Riviera Blue, a non-metallic hue described by Porsche as “vibrant shade of light blue inspired by the brilliant blue waters of the Italian and French Riviera coasts”. The refreshing color is a perfect match for the Spyder’s removable carbon fiber roof panels that encourage al fresco driving. Porsche has always ensured that high performance and luxury go hand-in-hand, and the 918 Spyder is no different. The well-equipped interior features Black leather upholstery with optional Carbon Floor Mats with Silver Piping, Seat Belts with Accent Stripes in Silver, Burmester High-End Surround Sound Audio System, Automatic Air Conditioning and HomeLink System. Furthermore, through Porsche's Exclusive Manufaktur program it received its exterior finishes as well as $7,200 in desirable Custom Tailoring (CXX). Offered with only 1,267 miles at the time of cataloging and fresh from a recent Major Service at Porsche Woodland Hills, this is a spectacular example worthy of today’s most discerning collections.

The 918 is complemented by another special Porsche halo car, a 1988 Porsche 959 SC Reimagined by Canepa, chassis number WP0ZZZ95ZJS900153 (Estimate: $3,200,000 - $3,600,000). This fantastic example of Porsche’s first supercar has been reimagined by Canepa as a 959 SC in striking Viper Green over brown leather. Fitted with the full suite of Canepa “Stage III” upgrades to produce up to 850 horsepower on E85 fuel, this 1980s supercar offers modern hypercar performance, boasting zero-to-60 mph in 2.5 seconds and a 230-mph top speed. Showing just over 1,300 miles since its transformation from Canepa, this sought-after supercar is sure to turn heads at Broad Arrow’s Air|Water Auction this month.

Joining the Porsches is a highly exclusive, made-to-order, modern RUF supercar, a 2025 RUF SCR (Estimate: $1,900,000 - $2,300,000). Paying tribute to the original SCR that helped establish RUF’s reputation some four decades earlier, each modern SCR is built individually to customer specification. The SCR is a ground-up RUF design in every meaningful sense. Its structure is entirely engineered from scratch and not a "body in white” supplied by Porsche. It consists of a carbon-fiber monocoque with front and rear spaceframes bonded to the central tub and an integrated roll cage fabricated from high-strength steel. The aerodynamically optimized carbon-fiber bodywork evokes the silhouette of the air-cooled 911 while concealing engineering that owes nothing to Stuttgart. The stunning design is powered by a 510-horsepower naturally aspirated 4.0-liter flat-six, delivering 0-62 mph in 3.4 seconds and a 199-mph top speed through rear-wheel drive, a six-speed manual gearbox, and a limited-slip differential delivering a pure, tactile driving experience.

The SCR is the clearest expression yet of what RUF is capable of when given a blank sheet of paper. Chassis 06025 presents that philosophy in one of the most arresting configurations yet completed, finished in vivid Paint to Sample Türkisblau (Turkish Blue) complemented by matte Titanium Grey 19-inch forged center-lock five-spoke RUF wheels over a RUF Black Nappa leather interior with black stitching, accented by carbon-fiber trim and Türkisblau embroidery. The car’s careful assembly is documented by a comprehensive digital file of build images, offering a glimpse into the craftsmanship involved in creating one of Pfaffenhausen’s most exclusive modern cars. As a highly exclusive, made-to-order RUF offered at Broad Arrow’s Porsche Air|Water Auction in like-new condition with delivery mileage, chassis 06025 is surely among the most collectible RUF automobiles to reach the market in recent memory. 

“Today’s younger and most active car collectors are after the best, most exclusive examples of modern performance icons,” says Alexander Weaver, Senior Car Specialist and VP of Private Sales for Broad Arrow. “The Porsche 918 Spyder Weissach, the 959 SC, and the RUF SCR fit this bill, offering the ultimate in performance and luxury from two of the hobby’s most renowned and most collectible brands. These are all low-mileage, pristine examples in exceptional colors, factors that continue to draw eyes and premium results. We look forward to finding these and the entire selection of fantastic cars on offer a new home at Air|Water amongst the passionate Porsche community.”

Additional highlights for Broad Arrow’s 2026 Porsche Air|Water Auction include highly sought-after models from the Porsche restomod and tuning manufacturer realm. A 1990 Porsche 911 Coupe Reimagined by Singer known as the “Lindsey Commission” (Estimate: $1,000,000 - $1,300,000) offers purposeful perfection for the road, inspired by the feeling of the track. Founded in 2009 by Rob Dickinson, Singer Vehicle Design has redefined what it means to restore and reimagine the Porsche 911. Guided by Dickinson’s philosophy that “Everything is important,” the Classic model represents the purist vision of Singer’s fusion of heritage and modern engineering. This particular car was formerly known as the Auburn Commission and was recently returned to Singer and reborn as the “Lindsey Commission”. Elegant details like a custom Light Ivory exterior, a Cumin leather interior, and Nickel-finished trim throughout are complemented by an Ed Pink-built 4.0-liter air-cooled flat-six, delivering all-wheel-drive through a six-speed manual transmission. The Lindsey Commission proves that some of Singer’s most restrained work may also be its most captivating.

Finally, a 2007 RUF Rt12 (Estimate: $700,000 - $800,000) rounds out the group, offering a rare example of RUF Automobile’s first true ground-up design. Chassis number W09BD03867PR06089 is one of approximately 57 Rt12s delivered in the model’s five-year production run, and the only example finished in Carrara White over trim-to-sample BMW M Sport Red leather. Heavily optioned with the twin-turbocharged 3.8-liter 650-horsepower engine, six-speed manual transmission, all-wheel drive, and more, the Rt12 has seen just three owners and 3,233 miles covered from new.

An updated list of all Porsches and Porsche memorabilia set for Broad Arrow’s 2026 Porsche Air|Water Auction is available at broadarrowauctions.com. Interested bidders are invited to speak with a Broad Arrow car specialist by emailing [email protected] or by calling +1-313-312-0780.

Members of the press on official editorial assignment, along with qualified content creators, are invited to apply for media credentials to attend Broad Arrow’s Porsche Air|Water preview and auction by writing to the Broad Arrow Press Team at [email protected].

Editor’s Notes

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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2015 Porsche 918 Spyder Weissach Package 1988 Porsche 959 SC Reimagined by Canepa

Grosse Pointe, Michigan, April 10, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to present a unique opportunity—the first North American public auction of a Gordon Murray Automotive T.50. This very special single-car live auction is set for April 21 at the Allegretto Vineyard Resort in Paso Robles, California, a stop along the journey of the celebrated California Mille tour, driven by Hagerty. 

A portion of proceeds from the sale of this incredibly rare supercar will benefit both the California Highway Patrol (CHP) 11-99 Foundation, which provides emergency assistance to California Highway Patrol employees and their families, as well as McPherson College’s renowned Automotive Restoration Program in honor of its 50th anniversary.

Designed and built to be the world’s greatest driver’s car, the Gordon Murray Automotive T.50 captured Top Gear’s Hypercar of the Year Award in 2023, when it was proclaimed “the best driver’s car in the world”. As the next astonishing supercar from the creator of the McLaren F1, the T.50 did not disappoint. The complete production run of just 100 cars was fully allocated ahead of its global premiere in August 2020, where the car’s incredible performance statistics were revealed: its 3.9-liter Cosworth GMA V-12 naturally aspirated engine produces 661 horsepower at 11,000 rpm with a maximum engine speed of 12,100 rpm. That power is driven through a six-speed manual transmission and boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram dry weight. 

In a call-back to one of Gordon Murray’s most famous and short-lived technical inventions, the T.50 was designed with an integrated rearward-facing fan much the same as the 1977 Formula One Brabham BT46 “Fan Car.” All told, the 400-mm rear-mounted fan boosts underbody ground effect by 50 percent and provides a sense of technical and styling drama to a silhouette bereft of a deep front splitter, noticeable air ducts, and large wings. 

Aesthetically, the T.50 boasts simple design, attention to detail, and of course, Gordon Murray’s signature center-seat layout. The car on offer at Broad Arrow’s unique auction on the California Mille, chassis number 009, is a U.S.-market example in bespoke Reef finish with satin and gloss carbon exterior details, complemented by Graphite Gloss wheels. The glass roof option was selected, and inside, the center driver’s seat is upholstered in Dune leather while both passenger-side seats were selected in Thruxton Blue leather and Athol Blue Alcantara. The motorsport-inspired dashboard is covered in matching Athol Blue Alcantara with Chromite Black leather atop the gauge pod.

“The T.50 is a supercar that not only was collectible before it was even built, but one that will go down in automotive history as a defining technological tour de force, much like its predecessor, the McLaren F1,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow. “All GMA models have been fully allocated ahead of their release, with the T.50 being the only model built while legendary F1 designer Gordon Murray had complete control of the company. We’re honored to present one of the most important road cars of the 21st century, and arguably the world’s greatest driver’s car, on the California Mille, an event that celebrates passion for driving on some of the country’s most beautiful roads.”

T.50 chassis number 009 is offered with a mere 27 miles on its odometer, reflective of light testing and delivery. The car is accompanied by a full complement of original delivery accessories, including a four-piece fitted luggage set, a serialized tool chest, a diagnostics tablet computer, two keys, owner’s manuals, and a photo album documenting the assembly of chassis 009. The T.50 is estimated to bring $8,000,000 to $10,000,000.

Renowned race car driver, restorer, and collector, Bruce Canepa, alongside noted collector and founding board member of the CHP 11-99 Foundation, Bruce Meyer, will introduce the T.50, and Auctioneer Eli Rodriguez will conduct the bidding at the Allegretto Vineyard Resort. This year’s California Mille pays special tribute to the Gordon Murray Automotive T.50, with five examples set to participate. The winning bidder of chassis 009 is invited to drive the car on the remainder of the tour following the sale on April 21, joining an exclusive club of nearly unobtainable ownership and otherworldly performance.

In-person, absentee, and telephone bidding will be available on the 2025 Gordon Murray Automotive T.50. A complete catalog listing on the car as well as bidder registration is available at broadarrowauctions.com. Interested bidders are invited to speak with a Broad Arrow car specialist by emailing [email protected] or by calling +1-313-312-0780.

Editor’s Notes

Photo Captions/Credits: All images of the 2025 Gordon Murray Automotive T.50 are by Patrick Ernzen/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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille 2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille

2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions 2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, April 14, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), will present some of the greatest modern supercars and hypercars at its Concorso d’Eleganza Villa d’Este Auction from 16-17 May 2026 at Villa Erba on the shores of Lake Como.

Leading the stellar line-up for the official auction of the revered Concorso is a truly unique 2018 Pagani Zonda 760 Unica Roadster, an incredible example of one of the most dramatic and exhilarating hypercars of recent times. Finished in Blue Carbon, reminiscent of the Zonda Tricolore, the interior features distinctive blue and white trim that perfectly complements the magnificent milled aluminium switchgear. This bespoke creation from Pagani’s One-Off Zonda 760 Series was commissioned by the founder of Top Car Design in Spain and is powered by the ferocious 7.3 litre V12 engine sourced from Mercedes-AMG. Undoubtedly one of the most covetable Pagani creations, this era-defining hypercar has driven only 2,616 kilometres, many at exclusive owners’ events across Switzerland, at one of which Horacio Pagani himself drove the car, further adding to its illustrious provenance.

“We are extremely proud to present the unique Pagani Zonda 760 Unica Roadster to collectors at our second sale as the official auction partner of the Concorso d’Eleganza Villa d’Este,” says Joe Twyman, VP of Sales EMEA Region for Broad Arrow Auctions. “Its Italian heritage and immense desirability make it perfectly fitting that it should be in the catalogue for what is undoubtedly the jewel in the international collector car auction calendar. We can’t wait to welcome collectors from around the world to Villa Erba for this exciting sale.”

Naturally, for the most prestigious collector car auction to be held in Italy, the Pagani is joined by some of the most desirable modern collectibles from the stables of Ferrari and Lamborghini, including:

2023 Ferrari 812 Competizione (Estimate: €1.250.000 - €1.450.000)

The Ferrari 812 Competizione is the ultimate example of Enzo Ferrari’s obsession with the V12, a pure GT that delivers exhilarating performance combined with touring comfort. Only 999 examples were built and chassis no. 300628 is undoubtedly one of the most striking. Treated to a number of desirable options through Ferrari’s Atelier programme, it is finished in four-layer Green Jewel paint with a livery of Bianco Cervino and Nero D.S. stripes. Exposed carbon fibre adds to the superb specification, as do the lightweight 20-inch forged diamond-finish wheels and an interior tailored in Nero Alcantara with racing seats trimmed in a distinctive checked pattern. Showing only 673 kilometres at the time of cataloguing, this is certainly one of the most collectable examples of the 812 Competizione and a fitting tribute to the bloodline of Ferrari’s revered V12.

2022 Ferrari SF90 Spider (Estimate: €350.000 - €450.000 | Offered Without Reserve)

This rare Netherlands-delivered example of the Ferrari SF90 Spider is attractively finished in Verde Zeltweg over Cuoio leather and Alcantara. Driven only 450 kilometres at the time of cataloguing, it features fully electric Daytona-style sports seats, front axle lift and a sonorous twin-turbo 4.0 litre V8 which, combined with three electric motors, generates over 985 horsepower. Its incredible performance, superb design and open-top thrills make this a very enticing opportunity for any Ferrari collector.

2022 Lamborghini Countach LPI 800-4 (Estimate: €1.750.000 - €2.000.000)

The Lamborghini Countach is one of the most iconic cars of all time and one which Lamborghini’s design director, Mitja Borkert, and his team successfully reinterpreted in 2021 as the Countach LPI 800-4, using the Aventador as its foundation. This 2022 example is one of only five finished in Luci del Bosco, a colour inspired by the brown available for the original Countach. Matte bronze wheels add further to the dramatic exterior, while the interior features an exclusive Lamborghini Ad Personam option of Bianco Leda. Meticulously cared for by its current owner, the V12 hybrid powertrain has propelled this exceptional example only 124 kilometres at the time of cataloguing, ensuring that this is one of the finest available.

2009 Lamborghini Murciélago LP640-4 Coupé (Estimate: €850.000 - €1.150.000)

While every example of Sant’Agata Bolognese’s incredible Murciélago is special, this one is even more so, as one of only 88 manufactured that paired the glorious 6.5 litre V12 with a six-speed gated manual transmission. Enhancing its desirability even further is that it is believed to be the only manual model finished in stunning Celeste Phoebe blue. Lamborghini’s Ad Personam bespoke department also created its Nero Perseus Q-Citura diamond pattern leather upholstery, upper dashboard and carpets, complemented by Azzurro Australis for the lower dashboard, carpet piping and inverted stitching. The superb list of options extends to a glass engine cover, carbon ceramic brakes and Hermera wheels. As the last analogue V12 supercar from Lamborghini, the Murciélago is one of the most desirable models from the famous marque, and the manual-equipped derivative ranks as the most collectable of all.

“These prestigious supercars represent some of the best of their genre,” says Bastian Voigt, Car Specialist and Head of Consignments for Broad Arrow in Germany. “Extremely collectable, they are the performance icons of modern generations, cars that stir emotion even when standing still. They take their place alongside the Honda NSX-R and the cars that defined performance for previous generations, including the 1926 Bugatti Type 37 Grand Prix, the 1957 Mercedes-Benz 300 SL Gullwing and the timeless Ferrari F40 in a catalogue that showcases the very best of the collector car world.”

Interested bidders are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK), + 32 476 879 471 (Europe) or on +1 313 312 0780 (North America) or via email at [email protected]. Bidder registration and further details on all cars on offer are available at broadarrowauctions.com. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Ends. 

For media enquiries relating to Broad Arrow Auctions, including accreditation for the auction at the Concorso d’Eleganza Villa d’Este, please contact a member of the press team.

Editor’s Notes

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 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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods. 

2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction 2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction

2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction Credit - Keno Zache/Courtesy of Broad Arrow Auctions 2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction Credit - Keno Zache/Courtesy of Broad Arrow Auctions

Paso Robles, California, April 22, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is thrilled to announce the result of a unique, single-car auction—the first North American public auction of a Gordon Murray Automotive T.50—at a stop along the celebrated California Mille on the evening of April 21 in Paso Robles, California.

The 2025 Gordon Murray Automotive T.50, chassis number 009, is one of 100 examples built of “the world’s greatest driver’s car”, with the example on offer finished in bespoke Reef red and showing less than 30 delivery miles. The famed modern supercar from the designer of the McLaren F1 is powered by a 3.9-liter Cosworth GMA V-12 naturally aspirated engine, producing 661 horsepower at 11,000 rpm with a maximum engine speed of 12,100 rpm. That power is driven through a six-speed manual transmission and boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram dry weight.

The T.50 was presented during a dinner held for California Mille participants, drawing significant interest from multiple bidders in the room and eventually selling for a final $8,035,000 to a rally entrant. The 2026 California Mille pays special tribute to the Gordon Murray Automotive T.50, with five examples participating in the rally. A portion of proceeds from the sale of this incredibly rare supercar will benefit both the California Highway Patrol (CHP) 11-99 Foundation, which provides emergency assistance to California Highway Patrol employees and their families, as well as McPherson College’s renowned Automotive Restoration Program in honor of its 50th anniversary.

“The T.50 result is another spectacular example of the strength of the supercar market among today’s most active collectors,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow. “This nearly unobtainable icon from the legendary Gordon Murray is one of the cars to have, and we were honored to present it to a room of some of the world’s preeminent collectors and driving enthusiasts along one of the most beautiful tours in the hobby.”

Results and more information on the T.50 are available at broadarrowauctions.com. Broad Arrow continues its auction calendar in Southern California this weekend on April 25, with the company’s third annual single-marque Porsche Air|Water Auction during the renowned Air|Water Experience by the creators of Luftgekühlt. More than 60 exceptional Porsche and RUF collector cars along with a selection of sought-after Porsche memorabilia items are on offer, led by a PTS Riviera Blue 2015 Porsche 918 Spyder Weissach Package and a Viper Green 1988 Porsche 959 SC Reimagined by Canepa, and a 2025 RUF SCR. Learn more and register to bid at broadarrowauctions.com.

Editor’s Notes

Photo Captions/Credits: Catalog images of the 2025 Gordon Murray Automotive T.50 are by Patrick Ernzen/Courtesy of Broad Arrow Auctions. Auction images are by Andrew Snucins/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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The 2025 Gordon Murray Automotive T.50, chassis 009, offered during Broad Arrow's special single-car auction on the 2026 California Mille Rally Broad Arrow Auctioneer Eli Rodriguez conducts bidding for the sale of the 2025 Gordon Murray Automotive T.50 at the Allegretto Vineyard Resort stop on the 2026 California Mille

The 2025 Gordon Murray Automotive T.50, chassis 009, offered during Broad Arrow's special single-car... Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions Broad Arrow Auctioneer Eli Rodriguez conducts bidding for the sale of the 2025 Gordon Murray Automot... Credit - Andrew Snucins/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, April 24, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to present the exceptional catalogue of collector cars for its second annual sale as the official auction partner of the Concorso d’Eleganza Villa d’Este Auction, set for 16-17 May at Villa Erba on the shores of Lake Como.

The sale features over 75 curated collector cars and a selection of memorabilia available to view via the newly launched digital catalogue, with a highly sought-after Ferrari Daytona SP3 leading an unrivalled selection of 20 collectable Ferrari models.

“Our Concorso d’Eleganza Villa d’Este Auction is now an eagerly anticipated event,” says Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region. “Broad Arrow continues to distinguish itself through a thoughtful, highly selective approach to consignments, and this stunning Ferrari Daytona SP3 confirms that. Rather than relying on spectacle, we have built a reputation for carefully composed consignments that speak directly to knowledgeable collectors, and our choice of very special Ferraris to be presented at Villa Erba speaks for itself.”

2023 Ferrari Daytona SP3 (Estimate: €6.500.000 - €8.500.000)

One of just 600 Daytona SP3s produced, this single-owner example displays only 743 kilometres. Finished in Rosso Magma Tri-Coat over a Blu Elettrico Alcantara interior, the car features numerous carbon fibre elements, airbrushed fender shields, a suspension lifter and it is supplied with a carbon fibre hardtop.

The Ferrari Daytona SP3, the second model in Ferrari’s ‘Icona Series,’ is a tribute to the 6th of February 1967 when Ferrari swept to first, second and third at the 24 Hours of Daytona, completing a very personal act of defiance against Henry Ford II. 

Years later, SP3 designer Jason Furtado spent three years under Ferrari chief designer Flavio Manzoni translating those prototype racers into something road-legal. It adopts styling cues from the 1967 winning 330 P3/4s and many other iconic Ferraris, including Pininfarina's 1968 250 P5 Berlinetta Speciale concept.

Behind the driver sits a 6.5 litre naturally aspirated V12, producing 829 horsepower—Ferrari's most powerful road-going engine ever. Derived from the 812 Competizione's F140 unit, it was thoroughly reworked with titanium pistons, cams, connecting rods and valves.

Only 600 SP3s were built, selling out before production began. This example, finished in Rosso Magma Tri-Coat has its lower bodywork, hardtop, outer mirrors and bonnet lip all rendered in carbon fibre, in keeping with the model’s weight-conscious ethos. Gloss black callipers feature, along with coveted airbrushed Scuderia Ferrari shields and the diamond-polished forged wheels complete the exterior specification. This is certainly one of the most collectable and sought-after modern Ferraris in today’s market.

2008 Ferrari 430 Scuderia (Estimate: €700.000 - €800.000)

This stunning Ferrari 430 Scuderia was ordered new through Ferrari dealer, Lumani Krüger in Germany in Porsche Grün over Tessuto Nero, thought to be the only example of its type finished in this shade. The vibrant paint was paired with equally striking gold racing stripes and gold-finished 19-inch alloy wheels, making it one of the most striking Scuderia specifications ever created. This car is also highly specified with four-point harnesses, a rollover bar, carbon fibre front and rear elements, carbon entry sills, a carbon LED steering wheel trimmed in Alcantara and Verde deviated stitching throughout.

At the time of cataloguing, this 430 Scuderia shows fewer than 10,000 kilometres and is offered at a time when special series, naturally aspirated Ferraris continue to command intense attention from discerning collectors.

Additional Ferraris featured in Broad Arrow’s Concorso d’Eleganza Villa d’Este Auction include: 

1956 Ferrari 250 GT Boano Alloy Coupe 1968 Ferrari 330 GTC (Offered without reserve)1968 Ferrari 330 GTS1972 Ferrari Dino 246 GT (Offered without reserve)1973 Ferrari Dino 246 GTS1979 Ferrari 308 GTS (Offered without reserve)1988 Ferrari 328 GTS (Offered without reserve)1990 Ferrari F40 1993 Ferrari 512 TR2004 Ferrari 612 Scaglietti – Manual Transmission (Offered without reserve)1996 Ferrari F512M2002 Ferrari 550 Barchetta Pininfarina 2004 Ferrari 360 Challenge Stradale 2008 Ferrari 599 GTB Fiorano (Offered without reserve)2010 Ferrari 599 GTB Fiorano HGTE2022 Ferrari 812 Competizione 2024 Ferrari SF90 Spider (Offered without reserve) “We are truly excited to present the complete catalogue for our Concorso d’Eleganza Villa d’Este Auction,” says Philip Kantor, Vice Chairman of Europe and Senior Car Specialist for Broad Arrow. “We have everything from modern classic supercars to the very earliest examples of motoring, a perfect selection to offer the most discerning collectors on the beautiful shores of Lake Como.”

The full 2026 Concorso d’Eleganza Villa d’Este Auction digital catalogue can be viewed here. 

Interested bidders are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK), + 32 476 879 471 (Europe) or on +1 313 312 0780 (North America) or via email at [email protected]. Bidder registration and further details on all cars on offer are available at broadarrowauctions.com. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Members of the press on official editorial assignment and like-minded content creators are invited to apply for media credentials to attend Broad Arrow’s Concorso d’Eleganza Villa d’Este preview and auction by writing to [email protected] until 1 May, 2026.

Ends.

Editor’s Notes  

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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2023 Ferrari Daytona SP3 2008 Ferrari 430 Scuderia

2023 Ferrari Daytona SP3 Credit - Remi Dargegen/Courtesy of Broad Arrow Auction 2008 Ferrari 430 Scuderia Credit - Matteo Balzanelli/Courtesy of Broad Arrow Auctions

First quarter 2026 Highlights

Completed strategic evolution to assume control of Markel program and 100% of premium post transition to fronting arrangement Strong underlying operational performance with growth in written premiums, earned premium and members Transition to fronting arrangement resulted in decrease to reported revenue as previously disclosed Written Premium increased 18% to $289 million Policies in force increased 15% to 1.8 million with a record 112,000 new policies added in the first quarter Earned premium increased 42% to $240 million Net Loss of $13 million, including $89 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $27 million in the prior year period Adjusted EBITDA (a non-GAAP measure) increased 77% to $85 million, compared to $48 million in the prior year period Reaffirmed 2026 Outlook for Written Premium growth of 15% to 16% , /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers. Today the company announced financial results for the three months ended March 31, 2026.

"First quarter results and the breadth of momentum across our ecosystem give us increasing confidence in our full year outlook that we reaffirmed today. We delivered 18% written premium growth in the first quarter, ahead of our full year outlook, and earned premium growth of 42% with the January 1, 2026 increase in quota share to 100%. 2026 is performing better than expected economically, even if the financial presentation looks different as we transition to the new Markel Fronting Arrangement. The presentation is different but the business is not, as we delivered another quarter of record growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.

"Our business momentum is showing up across the ecosystem - and Broad Arrow is no exception. During the first quarter, Broad Arrow hosted the most successful sale in the 31-year history of Amelia Car Week, delivering $111 million in total sales with a 92% sell-through rate and over 1,000 bidders from 23 countries. Results like this are the product of four decades of building trust, one member and one partner at a time, and they reflect exactly the kind of member-centric company that Hagerty is building for the long-term," added Mr. Hagerty.

FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS

First quarter 2026 Written Premium increased 18% year-over-year to $289 million First quarter 2026 Earned Premium increased 42% year-over-year to $240 million, driven by the combination of strong written premium growth and the January 1, 2026 transition to 100% quota share under the new fronting arrangement Policies in Force Retention was 88.5% as of March 31, 2026 compared to 89.0% in the prior year period, and policies in force count increased 15% year-over-year to 1.8 million First quarter 2026 Commission and fee revenue decreased 84% year-over-year to $16 million, as Markel commission revenue is eliminated upon consolidation under the new fronting arrangement First quarter 2026 Marketplace revenue decreased 12% year-over-year to $26 million, with strong year-over-year growth in auction sales at The Amelia offset by lower inventory sales from the prior year's one-time sale of vehicles acquired from The Academy of Art University Collection First quarter 2026 Membership and other revenue increased 6% year-over-year to $22 million Hagerty Drivers Club (HDC) paid members increased 6% year-over-year to over 940,000 First quarter 2026 Net investment income increased 13% year-over-year to $10 million First quarter 2026 Total Revenue decreased 5% year-over-year to $312 million, reflecting the transition to the Markel Fronting Arrangement First quarter 2026 Loss before taxes of $21 million, including $89 million of Markel Fronting Arrangement transitional costs First quarter 2026 Hagerty Re Loss Ratio was 38.4% compared to 42.0% in the prior year period, including $6 million of favorable prior accident year loss development First quarter 2026 Hagerty Re Combined Ratio was 86.5% compared to 88.5% in the prior year period Transition to new fronting arrangement and Article 7 reporting results in a different classification of certain expenses, impacting the period-to-period comparability of Policy acquisition costs, net (+$25 million), Underwriting and other insurance expenses (+$58 million), and Selling, general, and administrative expenses (-$72 million) First quarter 2026 Net Loss of $13 million, including $89 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $27 million in the prior year period First quarter 2026 Adjusted EBITDA (a non-GAAP measure) increased 77% year-over-year to $85 million, compared to $48 million in the prior year period First quarter 2026 Basic and Diluted Loss Per Share were $(0.06); Adjusted Diluted Loss Per Share (a non-GAAP measure) was $(0.04) The Company had $212 million of unrestricted cash and $229 million of total debt, $110 million of which was back leverage for Broad Arrow Capital's portfolio of loans collateralized by collector cars The definitions and reconciliations of non-GAAP financial measures are provided under the heading Key Performance Indicators and Certain Non-GAAP Financial Measures at the end of this press release.

2026 OUTLOOK - SUSTAINED COMPOUNDING GROWTH

We believe 2026 is on track to be another great year of underlying profit growth for Hagerty as our team executes on our long-term plan to deliver compounding premium growth through investing in our long-term competitive advantages with our member-centric approach. As of January 1, 2026, we moved to a 100% quota share arrangement with our long-term partner, Markel, where we retain 100% of the premium and risk from our high-quality, historically low volatility underwriting. We also remain focused on delivering this growth more efficiently through the benefits of scale, continued cost discipline, and investments in our technology platform.

For full year 2026, Hagerty anticipates: Written Premium growth of 15% to 16% Total Revenue change of (12)% to (11)%, as Markel-related commission revenue is eliminated under the Markel Fronting Arrangement1 Net Loss of $(51) million to $(41) million, including ~$190 million of Markel Fronting Arrangement transitional costs2 Adjusted EBITDA of $236 million to $247 million

2026 Outlook ($)

2026 Outlook (%)

in thousands

2025 Results

Low End

High End

Low End

High End

Total Written Premium

$1,193,548

$1,373,000

$1,385,000

15 %

16 %

Total Revenue1

$1,456,389

$1,280,000

$1,300,000

(12) %

(11) %

Net Income (Loss)2, 3

$149,225

$(51,000)

$(41,000)

N/M

N/M

Adjusted EBITDA4

$236,791

$236,000

$247,000

— %

4 %

1

Revenue guidance reflects the accounting impact of the Markel Fronting Arrangement. Beginning in 2026, we now control the Essentia book of business with the benefit of our MGA services received by Hagerty Re and not Essentia. As a result, commission revenue and the associated ceding commission expense for policies issued through the Markel Fronting Arrangement are now eliminated in consolidation. Although we expect the arrangement to result in increased profitability (as reflected in Adjusted EBITDA), reported commission revenue and ceding commission expense will be significantly lower than prior periods, affecting period-to-period comparability. 2025 commission revenue associated with our alliance agreement with Markel was $437 million and ceding commission expense related to the Company's reinsurance quota share agreement with Markel was $344 million in 2025.

2

The projected Net Loss includes approximately $190 million of pre-tax transitional costs related to the Markel Fronting Arrangement representing deferred ceding commissions paid to Markel for policies written prior to January 1, 2026, which will be fully amortized ratably over the remaining term of those policies throughout 2026. This amortization will decline from $89 million in Q1 2026 to approximately $10 million in Q4 2026 as 2025 policies expire. Excluding these transitional costs, we expect 2026 to reflect underlying profitability improvement.

3

Full year 2025 Net Income includes (i) the benefit from the $42 million release of a portion of our valuation allowance, partially offset by a $32 million loss related to the change in value of the TRA liability; and (ii) a $21 million reduction in reserves in the fourth quarter, primarily related to favorable development for the 2024 accident year and improvement in current accident year experience.

4

See Non-GAAP Financial Measures below for additional information regarding this non-GAAP financial measure.

N/M = Not meaningful

Conference Call Details
Hagerty will hold a conference call to discuss the financial results on Wednesday, May 6, 2026 10:00 am Eastern Time. A webcast of the conference call, including its Investor Presentation highlighting first quarter 2026 financial results, will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or (201) 689-8573 (international). Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at investor.hagerty.com following the call.

Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements we provide, 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 negatives 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 forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within Hagerty's industry and attract and retain insurance policyholders and paid Hagerty Drivers Club ("HDC") subscribers; (ii) maintain key strategic relationships with Hagerty's 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 Hagerty's technology platforms or use of third-party services; (v) accelerate the adoption of Hagerty's membership and marketplace products and services, as well as any new insurance programs and products offered; (vi) successfully implement the fronting arrangement consummated with Markel and realize the anticipated benefits while also managing the increased exposure to underwriting volatility, catastrophes, reinsurance counterparty risk, and legal, compliance, and regulatory risks resulting from the shift to Hagerty Re assuming 100% of the risk for policies written through this arrangement; (vii) underwrite and price new products, including Enthusiast+, consistent with expected loss ratios and risk tolerances; (viii) execute Broad Arrow's private sale, auction, and financing strategies; (ix) manage the cyclical nature of the insurance business and broader macroeconomic conditions, including inflation, interest rates, and potential recessionary pressures; (x) achieve Hagerty's investment objectives and avoid losses in the investment portfolio; (xi) address unexpected increases in the frequency or severity of claims, including catastrophe losses; and (xii) comply with numerous laws and regulations applicable to Hagerty's business, including without limitation state, federal, and foreign laws relating to insurance and rate increases, privacy and cybersecurity, marketing and advertising, digital services, accounting matters, tax, anti-money laundering, and economic sanctions.

The forward-looking statements in this release represent Hagerty's views as of the date hereof. You should not rely on forward-looking statements as predictions of future events. We operate in a very competitive and rapidly changing environment and new risks emerge from time to time. This presentation should be read in conjunction with the information included in filings with the SEC and press releases. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and business outlook for future periods. In addition, this presentation contains certain "non-GAAP financial measures". The non-GAAP measures are presented for supplemental informational purposes only. These financial measures are not recognized measures under GAAP and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Reconciliations to the most directly comparable financial measure calculated and presented in accordance with GAAP are provided in the appendix to this presentation.

About Hagerty
Hagerty is a company built by drivers for drivers, protecting 2.9 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love through innovative vehicle insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

Category: Financial
Source: Hagerty

Hagerty, Inc.

Condensed Consolidated Statements of Operations (Unaudited)

Three months ended March 31,

2026

2025

$ Change

% Change

REVENUES:

in thousands (except percentages and per share amounts)

Earned premium, net

$    239,642

$    169,355

$      70,287

41.5 %

Commission and fee revenue

16,435

100,287

(83,852)

(83.6) %

Marketplace revenue

25,652

29,086

(3,434)

(11.8) %

Membership and other revenue

22,127

20,865

1,262

6.0 %

Net investment income

10,263

9,058

1,205

13.3 %

Net investment losses

(2,289)

(315)

(1,974)

N/M

Total revenue

311,830

328,336

(16,506)

(5.0) %

EXPENSES:

Losses and loss adjustment expenses

97,919

71,130

26,789

37.7 %

Policy acquisition costs, net

101,922

77,333

24,589

31.8 %

Underwriting and other insurance expenses

59,588

1,357

58,231

N/M

Selling, general, and administrative expenses

72,416

144,045

(71,629)

(49.7) %

Interest expense and other, net

922

1,689

(767)

(45.4) %

Total expenses

332,767

295,554

37,213

12.6 %

INCOME (LOSS) BEFORE TAXES

(20,937)

32,782

(53,719)

(163.9) %

Income tax (expense) benefit

8,192

(5,489)

13,681

N/M

NET INCOME (LOSS)

(12,745)

27,293

(40,038)

(146.7) %

Net (income) loss attributable to non-controlling interest

8,254

(18,922)

27,176

143.6 %

Accretion of Series A Convertible Preferred Stock

(2,030)

(1,875)

155

8.3 %

NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS

$      (6,521)

$        6,496

$     (13,017)

(200.4) %

Earnings (loss) per share of Class A Common Stock:

Basic

$        (0.06)

$         0.07

Diluted

$        (0.06)

$         0.07

Weighted average shares of Class A Common Stock outstanding:

Basic

101,034

90,047

Diluted

101,034

346,311

N/M = Not meaningful

Hagerty, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

March 31,

December 31,

2026

2025

ASSETS

in thousands (except share amounts)

Fixed maturity securities available-for-sale, at fair value (amortized cost: $670,922 in 2026, $687,813 in 2025)

$           673,100

$           696,271

Equity securities, at fair value

47,804

34,871

Total investments

720,904

731,142

Cash and cash equivalents

212,371

160,177

Restricted cash and cash equivalents

154,362

138,823

Accounts receivable

27,993

98,872

Premiums receivable

92,446

180,529

Deferred acquisition costs, net

143,552

179,224

Reinsurance recoverables

11,863

15,296

Prepaid reinsurance premiums

40,405

21,950

Notes receivable

148,944

113,887

Intangible assets, net

89,125

88,915

Goodwill

114,150

114,164

Deferred tax assets

40,092

43,011

Other assets

228,386

207,986

TOTAL ASSETS

$         2,024,593

$         2,093,976

LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$            85,847

$           111,947

Advance premiums

50,748

28,287

Due to insurers

14,366

94,930

Losses payable and reserves for unpaid losses and loss adjustment expenses

203,987

264,204

Unearned premiums

508,003

412,058

Ceding commissions payable

1,870

86,165

Debt, net

228,608

177,907

Contract liabilities

46,383

46,450

Deferred tax liability

5,697

23,489

Tax receivable agreement liability

38,284

39,829

Other liabilities

106,757

61,684

TOTAL LIABILITIES

1,290,550

1,346,950

Commitments and Contingencies

—

—

TEMPORARY EQUITY

Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A Convertible Preferred Stock issued and outstanding as of March 31, 2026 and December 31, 2025) 1

88,648

86,618

STOCKHOLDERS' EQUITY

Class A Common Stock, $0.0001 par value (500,000,000 shares authorized, 101,085,283 and 100,706,893 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)

10

10

Class V Common Stock, $0.0001 par value (300,000,000 authorized, 241,552,156 shares issued and outstanding as of March 31, 2026 and December 31, 2025)

24

24

Additional paid-in capital

626,166

623,013

Accumulated earnings (deficit)

(407,451)

(402,960)

Accumulated other comprehensive income (loss)

(66)

1,229

Total stockholders' equity

218,683

221,316

Non-controlling interest

426,712

439,092

Total equity

645,395

660,408

TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

$         2,024,593

$         2,093,976

1

The Series A Convertible Preferred Stock is recorded within Temporary Equity because it has equity conversion and cash redemption features.

Hagerty, Inc.

Condensed Consolidated Statements of Cash Flows (Unaudited)

Three months ended March 31,

2026

2025

OPERATING ACTIVITIES:

in thousands

Net income (loss)

$           (12,745)

$            27,293

Adjustments to reconcile net income (loss) to net cash from operating activities:

Loss on disposals of equipment, software, and other assets

213

1,136

Depreciation and amortization

9,706

9,488

Provision for deferred taxes

(13,528)

(939)

Share-based compensation expense

4,617

4,392

Non-cash lease expense

2,108

2,109

Net investment losses

2,289

315

(Accretion) amortization of discount and premium, net

(1,358)

(1,184)

Amortization of gain on loss portfolio transfer

(1,308)

—

Other

575

1,852

Changes in assets and liabilities:

Accounts and premiums receivable

157,636

(42,812)

Deferred acquisition costs, net

35,672

4,196

Reinsurance recoverables

3,433

(7,561)

Prepaid reinsurance premiums

(18,455)

(8,285)

Advance premiums

22,512

19,921

Due to insurers

(80,441)

25,336

Losses payable and reserves for unpaid losses and loss adjustment expenses

(60,217)

(14,958)

Unearned premiums

95,945

(5,377)

Ceding commissions payable

(84,295)

1,926

Other assets and liabilities, net

(46,106)

26,982

Net Cash Provided by Operating Activities

16,253

43,830

INVESTING ACTIVITIES:

Capital expenditures

(7,712)

(5,389)

Issuance of notes receivable

(48,133)

(9,886)

Collection of notes receivable

14,014

1,650

Purchases of fixed maturity securities

(149,982)

(39,150)

Purchases of equity securities

(51,041)

(246)

Proceeds from maturities and sales of fixed maturity securities

167,537

48,526

Proceeds from sales of equity securities

35,405

247

Other investing activities

(13)

(233)

Net Cash Used in Investing Activities

(39,925)

(4,481)

FINANCING ACTIVITIES:

Repayments of debt

(6,159)

(120,880)

Proceeds from debt, net of issuance costs

57,911

160,067

Proceeds from loss portfolio transfer

50,500

—

Claims payments made from loss portfolio transfer

(9,248)

—

Distributions paid to non-controlling interest unit holders

(359)

(24,676)

Funding of TRA Liability payments

(1,545)

(223)

Funding of employee tax obligations upon vesting of share-based payments

(61)

(44)

Net Cash Provided by Financing Activities

91,039

14,244

Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents

366

(130)

Change in cash and cash equivalents and restricted cash and cash equivalents

67,733

53,463

Beginning cash and cash equivalents and restricted cash and cash equivalents

299,000

232,845

Ending cash and cash equivalents and restricted cash and cash equivalents

$           366,733

$           286,308

Key Performance Indicators and Non-GAAP Financial Measures

Key Performance Indicators

The tables below present a summary of our Key Performance Indicators, which include important operational metrics, as well as certain financial measures prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and non-GAAP financial measures. We use these Key Performance Indicators to evaluate our business, measure our performance, identify trends against planned initiatives, prepare financial projections, and make strategic decisions. We believe these Key Performance Indicators are useful in evaluating our performance when read together with our Condensed Consolidated Financial Statements prepared in accordance with GAAP.

Three months ended March 31,

2026

2025

Change

GAAP Financial Measures

dollars in thousands (except per share amounts)

Total Revenue 1

$   311,830

$   328,336

$    (16,506)

(5.0) %

Income (loss) before taxes

$    (20,937)

$     32,782

$    (53,719)

(163.9) %

Net Income (Loss)

$    (12,745)

$     27,293

$    (40,038)

(146.7) %

Basic Earnings (Loss) Per Share

$       (0.06)

$        0.07

$       (0.13)

(185.7) %

Diluted Earnings (Loss) Per Share

$       (0.06)

$        0.07

$       (0.13)

(185.7) %

Non-GAAP Financial Measures

Adjusted EBITDA

$     85,185

$     48,151

$     37,034

76.9 %

Adjusted Net Income (Loss)

$    (13,144)

$     25,352

$    (38,496)

(151.8) %

Adjusted Diluted EPS

$       (0.04)

$        0.07

$       (0.11)

(157.1) %

Insurance Operational Metrics

Total Written Premium

$   288,946

$   244,327

$     44,619

18.3 %

Net Assumed Premium

$   317,346

$   155,651

$   161,695

103.9 %

Hagerty Re Loss Ratio

38.4 %

42.0 %

(3.6) %

N/M

Hagerty Re Combined Ratio

86.5 %

88.5 %

(2.0) %

N/M

New Business Count — Insurance

111,896

55,309

56,587

102.3 %

Marketplace Operational Metrics

Aggregate Auction Sales

$   135,379

$     75,336

$     60,043

79.7 %

Net Auction Sales

$   123,436

$     68,213

$     55,223

81.0 %

Private Sales

$     36,830

$     53,669

$    (16,839)

(31.4) %

BAC Average Loan Portfolio

$   135,270

$     62,784

$     72,486

115.5 %

N/M = Not meaningful

1

Total Revenue for the three months ended March 31, 2025 has been recast to include Net investment income and Net investment losses as components of revenue in accordance with the Article 7 reporting standards adopted in 2025. Total revenue as previously presented in accordance with Article 5 was $320 million for the three months ended March 31, 2025.

March 31,

2026

2025

Change

Insurance Operational Metrics

dollars in thousands

Policies in Force

1,760,400

1,524,927

235,473

15.4 %

Policies in Force Retention

88.5 %

89.0 %

(0.5) %

N/M

Vehicles in Force

2,910,661

2,609,209

301,452

11.6 %

HDC Paid Member Count

940,313

889,390

50,923

5.7 %

Marketplace Operational Metrics

BAC Loan Portfolio Balance

$   142,956

$     73,192

$     69,764

95.3 %

N/M = Not meaningful

Adjusted EBITDA

We define EBITDA as consolidated Net income (loss), excluding Interest expense and other, net, Income tax expense (benefit), and Depreciation and amortization. We define Adjusted EBITDA as EBITDA, further adjusted to (i) exclude net investment gains and losses; (ii) deduct interest expense related to the State Farm Term Loan; (iii) exclude share-based compensation expense; and when applicable, exclude (iv) restructuring, impairment and related charges; (v) gains, losses and impairments related to divestitures; and (vi) certain other unusual items, such as Markel Fronting Arrangement transitional costs during the three months ended March 31, 2026.

How This Measure is Useful

When used in conjunction with GAAP financial measures, Adjusted EBITDA is a supplemental measure of operating performance that we believe is a useful measure to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted EBITDA to evaluate our operating performance on a consistent basis, as it removes the impact of items not directly resulting from our core operations. We believe the presentation of Adjusted EBITDA provides securities analysts, investors, and other interested parties with a supplemental view of our operating performance that enhances their understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives.

Limitations of the Usefulness of This Measure

Adjusted EBITDA may differ from similarly titled measures used by other companies due to different methods of calculation, which could reduce the usefulness of this non-GAAP financial measure when comparing our performance to that of other companies. Presentation of Adjusted EBITDA is not intended to be considered in isolation or a substitute for, or superior to, the financial information prepared in accordance with GAAP. A reconciliation of Adjusted EBITDA to Net income (loss), the most directly comparable GAAP measure, is presented below.

Three months ended March 31,

2026

2025

in thousands

Net income (loss)

$         (12,745)

$           27,293

Interest expense and other, net 1

922

1,689

Income tax expense (benefit)

(8,192)

5,489

Depreciation and amortization

9,706

9,488

EBITDA

(10,309)

43,959

Markel Fronting Arrangement transitional costs 2

88,958

—

Net investment losses

2,289

315

Interest expense related to State Farm Term Loan 3

(515)

(515)

Share-based compensation expense

4,617

4,392

Other unusual items 4

145

—

Adjusted EBITDA

$           85,185

$           48,151

1

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

2

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. We expect the amortization of these deferred ceding commissions to decline from $89.0 million in the first quarter of 2026 to approximately $10.0 million in the fourth quarter of 2026, as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

3

Interest expense related to the State Farm Term Loan is charged against Adjusted EBITDA as it is directly attributable to the operations of Hagerty Re.

4

For the three months ended March 31, 2026, other unusual items includes additional severance expenses associated with the actions taken in the fourth quarter of 2025.

As a result of our transition to the Article 7 reporting standards, Net investment income is reported as a component of revenue and is no longer an adjustment in our reconciliation from Net income (loss) to Adjusted EBITDA. In addition, interest expense related to the State Farm Term Loan is now deducted from Adjusted EBITDA as it is directly attributable to Hagerty Re, which generates a significant portion of our net investment income. The following table presents a reconciliation of Adjusted EBITDA as presented in the prior period in accordance with Article 5, to the current presentation in accordance with Article 7:

Three months ended
March 31, 2025

in thousands

Prior presentation of Adjusted EBITDA

$                39,608

Net investment income

9,058

Interest expense related to State Farm Term Loan

(515)

Current presentation of Adjusted EBITDA

$                48,151

The following table reconciles Adjusted EBITDA for the year ended December 31, 2026 Outlook to the most directly comparable GAAP measure, which is Net income (loss):

2026 Low

2026 High

in thousands

Net loss 1

$         (51,000)

$         (41,000)

Interest expense and other, net 2

5,000

5,000

Income tax expense

33,000

34,000

Depreciation and amortization

40,000

40,000

Share-based compensation expense

19,000

19,000

Markel Fronting Arrangement transitional costs 1

190,000

190,000

Adjusted EBITDA

$         236,000

$         247,000

1

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. We expect the amortization of these deferred ceding commissions to decline from $89.0 million in the first quarter of 2026 to approximately $10.0 million in the fourth quarter of 2026, as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

2

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

Adjusted Net Income (Loss) and Adjusted Diluted EPS

Adjusted Net Income (Loss) represents Net income (loss) attributable to Class A Common Stockholders, assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, adjusted to exclude (i) net investment gains and losses; and when applicable, (ii) changes in the TRA Liability; (iii) gains and losses related to divestitures; and (iv) certain other unusual items, each of which we do not believe are directly related to our core operations and may not be indicative of our ongoing performance. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income (Loss) by the weighted average shares of Class A Common Stock outstanding, assuming the full exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards.

How These Measures Are Useful

When used in conjunction with GAAP financial measures, Adjusted Net Income (Loss) and Adjusted Diluted EPS are supplemental measures of operating performance that we believe are useful measures to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted Net Income (Loss) and Adjusted Diluted EPS to evaluate our operating performance on a consistent basis to make strategic and operational decisions. We believe these measures provide management and investors with useful information regarding trends in our business that may not otherwise be apparent when relying solely on GAAP measures. By assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock, we believe these measures facilitate comparisons with other companies that have different organizational and tax structures, as well as comparisons period over period because it eliminates the effect of any changes in Net income (loss) attributable to Class A Common Stockholders driven by increases in Hagerty, Inc.'s ownership in THG, which is unrelated to our operating performance, and excludes items that are unusual or may not be indicative of our ongoing performance.

Limitations of the Usefulness of These Measures

Adjusted Net Income (Loss) and Adjusted Diluted EPS may differ from similarly titled measures used by other companies due to different methods of calculation. Presentation of Adjusted Net Income (Loss) and Adjusted Diluted EPS should not be considered alternatives to Net income (loss) attributable to Class A Common Stockholders and Diluted EPS, as determined under GAAP. While these measures are useful in evaluating our performance, they assume the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, which has not occurred and may not occur. Further, the adjustments made to arrive at Adjusted Net Income (Loss) exclude certain expenses and income that may recur in the future. Adjusted Net Income (Loss) and Adjusted Diluted EPS should be evaluated in conjunction with our GAAP financial results. A reconciliation of Adjusted Net Income (Loss) to Net income (loss) attributable to Class A Common Stockholders, the most directly comparable GAAP measure, and the computation of Adjusted Diluted EPS are presented below.

Three months ended March 31,

2026

2025

Numerator:

in thousands (except per share amounts)

Net income (loss) attributable to Class A Common Stockholders

$           (6,521)

$            6,496

Adjustments:

Accretion of Series A Convertible Preferred Stock

2,030

1,875

Net income (loss) attributable to non-controlling interest

(8,254)

18,922

Net investment losses

2,289

315

Other unusual items 1

145

—

Tax impact of above adjustments 2

(2,833)

(2,256)

Adjusted Net Income (Loss)

$         (13,144)

$           25,352

Denominator:

Weighted average shares of Class A Common Stock outstanding — Diluted

101,034

346,311

Adjustments:

Assumed exchange of non-controlling interest THG units for shares of Class A Common Stock

245,102

—

Assumed conversion of shares of Series A Convertible Preferred Stock into shares of Class A Common Stock

6,785

6,785

Assumed vesting of share-based compensation awards

8,007

6,881

Adjusted weighted average shares of Class A Common Stock outstanding — Diluted

360,928

359,977

Adjusted Diluted EPS

$             (0.04)

$              0.07

Three months ended March 31,

2026

2025

Diluted EPS

$             (0.06)

$              0.07

Impact of assumed exchange, conversion, or vesting of remaining potentially dilutive securities 3

0.02

0.01

Non-GAAP adjustments 4

—

(0.01)

Adjusted Diluted EPS

$             (0.04)

$              0.07

1

For the three months ended March 31, 2026, other unusual items includes additional severance expenses associated with the actions taken in the fourth quarter of 2025.

2

Represents the tax effect of the aforementioned adjustments to reflect corporate income taxes at an estimated effective tax rate of 29.0% and 23.4% for 2025 and 2025, respectively, which considers the U.S. federal statutory rate of 21%, a combined state income tax rate of approximately 5% (net of federal benefits), and certain material permanent items.

3

Assumes the exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards for shares of Class A Common Stock, resulting in the elimination of the non-controlling interest and recognition of the Net income (loss) attributable to non-controlling interest, as well as elimination of the accretion of Series A Convertible Preferred Stock.

4

Represents the per share impact of non-GAAP adjustments for each period. Refer to the reconciliation above for additional information.

SOURCE Hagerty

Hagerty, Inc. (HGTY) Q1 2026 Earnings Call Transcript

BICESTER, United Kingdom, May 19, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is celebrating the success of its second annual Concorso d’Eleganza Villa d’Este Auction. As the official auction partner of BMW AG for this prestigious concours event, the sale took place at the stunning and historic Villa Erba from 16-17 May 2026.

The famous rotunda at Villa Erba was full to capacity for this jewel of the international collector car auction calendar, which is as much an elegant social occasion as an opportunity for buyers to indulge their passion for significant classic and modern collector cars. Intense bidding in the room, online and on the telephones created a truly exciting atmosphere, while over 12,000 watched the auctioning of 75 of the world’s most desirable collector cars live on the Broad Arrow YouTube channel. When renowned British auctioneer, Thomas Forrester, dropped the gavel on the final lot, the sales total had reached a fantastic €40.8 million with a sell-through rate of 87 percent.

“We returned for our second year as the official auction partner of the Concorso d'Eleganza Villa d'Este with a spectacularly varied catalogue of 75 collector cars curated to attract the interest of global collectors,” says Joe Twyman, VP of Sales EMEA Region for Broad Arrow Auctions. “And attract them we did, with registered bidders from an impressive 31 different countries and more than 70 percent growth in bidder registration over the 2025 sale. The incredible atmosphere in the auction room also reflected the buoyancy of the market right now and underlined the status of what is undoubtedly one of the greatest concours events in the world, a place where established and new collectors amass to admire and acquire spectacular enthusiast cars of all ages. We look forward to returning to Villa Erba again in 2027 to inspire the collector market even further”.

Italian marques were firm favourites, including Ferrari and Lamborghini, led by a stunning 2023 Ferrari Daytona SP3. A single-owner example displaying only 743 kilometres and finished in Rosso Magma Tri-Coat over a Blu Elettrico Alcantara interior, it sold for €6.250.000. A rare ‘non-cat, non-adjust’ 1990 Ferrari F40 achieved a price of €2.931.250, while one of the most exciting and intense bidding battles of the auction saw a beautiful 1968 Ferrari 330 GTS find a new home after selling for €1.918.750.

Lamborghini models that sparked a great deal of interest among collectors and enthusiasts included a 2022 Countach LPI 800-4 that sold for €1.581.250, a six-speed manual 2009 Murcielago LP640-4 Coupé which achieved €805.000 and a true icon of supercar history, a 1990 Countach 25th Anniversario that sold for €523.750.

An impressive selection of Japanese collector cars included the Ultimate R34 Skyline GT-R Collection, consisting of five remarkable examples of the fast and furious icon, which together reached a price of €1.517.000. These iconic machines shared the spotlight with a seldom-seen NSX Type S that achieved €207.000.

Other highlights included a 2015 Porsche 918 Spyder Weissach Package that sold for €2.256.250, a stalwart of the international collector-car market in a 1957 Mercedes-Benz 300 SL Gullwing Coupé that found a new home at €1.637.500 and a 1968 Bizzarrini 5300 GT Strada that achieved €820.000 immediately following the sale.

The auction also featured some extremely unique Italian models, fitting for the venue, including a characterful 1963 Fiat 600 Torpedo Marina by Vignale which could well be heading to a beach house after selling for €281.750 and a 1977 Fiat Bertone 850 T Visitors Bus, which created one of the most exhilarating bidding battles of the auction, and the most appreciation from those in the rotunda, selling well over its upper estimate at €189.750.

“It was a delight to welcome the international collector car community to our Concorso d’Eleganza Villa d’Este auction,” says Karsten Le Blanc, SVP, Head of EMEA Region and Broad Arrow Capital for Broad Arrow. “Their passion and enthusiasm for our offered lots created a truly exciting event that was a tremendous success. Our team curated a remarkable catalogue of classic and contemporary models, delivering an auction that was truly in keeping with the status and style of the prestigious Concorso d’Eleganza Villa d’Este.”

Top Ten Sales – Broad Arrow Concorso d’Eleganza Villa d’Este Auction

Lot 253 | 2023 Ferrari Daytona SP3 - €6.250.000Lot 254 | 2020 Ferrari Monza SP2 - SOLD BEFORE AUCTIONLot 126 | 1990 Ferrari F40 - €2.931.250Lot 211 | 2015 Porsche 918 Spyder Weissach Package - €2.256.250Lot 230 | 1968 Ferrari 330 GTS - €1.918.750Lot 124 | 1957 Mercedes-Benz 300 SL Gullwing Coupé - €1.637.500Lot 239 | 2022 Lamborghini Countach LPI 800-4 - €1.581.250Lot 120 | 2023 Ferrari 812 Competizione - €1.412.500Lot 243 | 1929 Bugatti Type 43 Roadster by Eugène Matthys - €1.007.500Lot 114 | 1956 Ferrari 250 GT Boano Alloy Coupé - €911.875 Attention now moves to Broad Arrow’s debut as the official auction partner of The Quail, A Motorsports Gathering, with The Quail Auction from 13-14 August 2026. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Complete results from The Concorso d’Eleganza Villa d’Este Auction are available at broadarrowauctions.com.

Ends.

For media enquiries relating to Broad Arrow Auctions, please contact a member of the press team.

Editor’s Notes

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.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The packed sale room at Broad Arrow's 2026 Concorso d'Eleganza Villa d'Este Auction The top selling 2023 Ferrari Daytona SP3 at Broad Arrow's 2026 Concorso d'Eleganza Villa d'Este Auction

The packed sale room at Broad Arrow's 2026 Concorso d'Eleganza Villa d'Este Auction Courtesy of Broad Arrow Auctions The top selling 2023 Ferrari Daytona SP3 at Broad Arrow's 2026 Concorso d'Eleganza Villa d'Este Auct... Courtesy of Broad Arrow Auctions

LAKE RIDGE, Va., May 26, 2026 (GLOBE NEWSWIRE) -- Sean Hagerty's first-hand experience navigating the traditional and self-publishing worlds coupled with Leigh Stroh's recent publishing deal and three decades as a creative writing and English language educator, make for a strong team to help aspiring writers and accomplished authors looking for a new critical eye find the best avenue for getting their best words in print.

The Editorial Services Divisions offers a complete array of services including Editorial Assessment Overview, Developmental Editing, Copy Editing, Final Proofreading, and Fact Checking all at or below the industry standard pricing.

Author Sean Hagerty is a retired Special Operations Soldier with 25+ years in the U.S. Army Rangers and a Special Operations unit at Fort Belvoir, Virginia. He is the founder of Hagerty Strategic Group (HSG) and the author of Jones Point (2024) and Cabal (2025), with a third installment in the Dane Cooper series under contract for 2027. His experience in the world of publishing and promotion provides unique insights into the complicated writing landscape.

Over a thirty-year career as a writing instructor, author Leigh Stroh taught creative writing courses designed to help writers sound their unique stories in their most authentic voice. Coupled with recently securing a publishing contract for the publication of his political thriller Just a Shot Away (releasing September 15th, 2026), he can now offer an experienced editorial eye that has navigated the writing process from creation through published product.

Contact Information:
Sean Hagerty: [email protected]
https://authorseanhagerty.com/
Leigh Stroh: [email protected]
https://leighstroh.com/
Representatives: [email protected]

Telly Awards Follow Four Consecutive 'Best Journalism Film' at the International Motor Film Awards

, /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) continues to set the standard for automotive storytelling, recently earning four prestigious 2026 Telly Awards honoring excellence in video and television across all screens as judged by video platform, television, streaming network and production company leaders. These latest wins bring Hagerty's all-time Telly Award total to 26.

Hagerty's award-winning lineup showcases the breadth and caliber of its enthusiast content. Original shows and their associated 2026 Telly Awards include:

Four Gold Telly Awards Presented to Hagerty, the Automotive Insurer That Built a World-Class Content Studio "Revelations" - Gold for Online Documentary Series "ICONS" - Gold for Video Journalism (Corvette ZR1 Episode) "Cammisa Ultimate Drag Race Replay" - Gold for Visual Effects "Ultimate Lap Battle" - Gold for Videography and Cinematography Produced in-house by Hagerty, these four Telly Award-winning shows were all written and hosted by iconic automotive journalist Jason Cammisa, directed by Anthony Esposito, edited by Robert David Sanders and produced by Liv Graves.

"These Telly Award wins underscore Hagerty's unique relationship with driving enthusiasts. We insure their cars, but we also make the best automotive content in the world for them so they can indulge their passion even when they're not behind the wheel," said Marc Burns, Hagerty CMO. 

By continuously delivering award-winning content across video, digital, print and audio formats, the brand reinforces its position as a trusted voice for the 67 million American car enthusiasts. The Hagerty audience continues to grow across all platforms. Its YouTube channel alone amassing hundreds of millions of video views, while the Hagerty Drivers Club is the largest car club in the world, with nearly a million members, and its magazine is the most popular car magazine in the world with 2.2 million readers.

By Drivers, for Drivers - About Hagerty Host Jason Cammisa
Jason Cammisa is an award-winning automotive journalist, television host and producer whose passion for cars is matched only by his ability to communicate their cultural significance to hundreds of millions of viewers worldwide. As the creator and host of Hagerty's flagship shows "Icons," "Revelations" and the "Ultimate" Series, Cammisa combines his technical expertise with big laughs and compelling storytelling to explore not just the engineering and performance of exceptional automobiles, but the human stories and historical context that make them unforgettable.

Cammisa's two-decade career in automotive journalism gives a unique, qualified perspective on everything he covers. His work has earned him global recognition for its depth, authenticity and cinematic quality, earning numerous accolades and a loyal following of automotive enthusiasts who tune in to see what narrative he'll uncover next. Whether sliding a legendary poster-car around a racetrack, examining nuances that make even normal-appearing cars fascinating or explaining the latest automotive innovations, Cammisa's infectious enthusiasm and genuine curiosity make each appearance an immersive and cinematic journey into the world of cars. His content has earned hundreds of millions of views across social media, broadcast and streaming platforms, with new content airing regularly across Hagerty's YouTube, Samsung Plus, Tubi and Amazon Prime channels.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 2.9 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the machines they love through innovative vehicle insurance products, live and digital auctions, engaging media and events and the Hagerty Drivers Club, the world's largest membership community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

About The Telly Awards
The Telly Awards is the premier award honoring video and television across all screens. Established in 1979, The Telly Awards receives over 13,000 entries from all 50 states and 5 continents. Entrants are judged by The Telly Awards Judging Council—an industry body of over 250 leading experts including advertising agencies, production companies, and major television networks, reflective of the multi-screen industry The Telly Awards celebrates. Partners of The Telly Awards include AWN, View Conference, Skwigly, ACM SIGGRAPH, Seed & Spark, Kinema, The Gotham, Portrait, NAB, RunwayML AIFF, ReelAbilities Film Festival, Film Fatales, FWD-Doc, NYWIFT, Stash, Production Hub, Video Consortium, SeriesFest and Green The Bid. More information can be found at the Telly Awards Press Center: https://tlly.co/press

Find The Telly Awards Online:
Website: www.TellyAwards.com
Facebook: /TellyAwards
X: @TellyAwards
Instagram: @TellyAwards YouTube: /TellyAwards

SOURCE Hagerty