achieves | The MotorSportsNews.Net(work)

Broad Arrow Achieves Numerous World Record Prices At 2025 Monterey Jet Center Auction

by Lou ModestinoAugust 19, 2025

Broad Arrows MC12 — Andrew Miterko Photography

Broad Arrow AUCTION LED BY MASERATI MC12 STRADALE AT $5.2 MILLION—THE MOST VALUABLE MODERN MASERATI SOLD AT AUCTION
ADDITIONAL RECORDS SET AS MODERN COLLECTIBLES HIGHLIGHT TWO-DAY SALE

GROSSE POINTE, Michigan (August 18, 2025) – Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, saw no less than eight new record auction prices set at its annual flagship Monterey Jet Center sale, held August 13-14 in conjunction with Motorlux, the sold-out official kick-off to Monterey Car Week. The auction achieved $57.4 million in total sales with 80 percent of all lots sold. Bidder registration was the highest for any Broad Arrow auction to date, with an increase of more than 20 percent over the company’s Monterey Jet Center Auction in 2024. Over 16,000 enthusiasts also tuned into the auction live on Broad Arrow’s YouTube channel, alongside millions who watched via Hagerty’s FAST Channel lineup on Samsung TV Plus, Tubi, Amazon Fire TV, and Alexa devices.

(more…)

AO Racing Claims Overall Win, Achieves Double Podium in Canada

by MikeJuly 14, 2025

BOWMANVILLE, Ontario. (July 14, 2025) – AO Racing soared to new heights at Canadian Tire Motorsport Park, earning its first overall IMSA WeatherTech SportsCar Championship victory on Sunday. The team’s dragon-liveried No. 99 Oreca, affectionately known as “Spike,” dominated much of the LMP2 race with drivers PJ Hyett and Dane Cameron, securing a hard-fought and historic win. Meanwhile, the fan-favorite Porsche 911 GT3 R “Rexy,” piloted by Laurin Heinrich and Klaus Bachler, charged through the GTD PRO field to finish on the podium in third, giving the team its first-ever double-podium result.

(more…)

By the Numbers: Team Penske Achieves Unprecedented Success

by MikeNovember 28, 2023

Team Penske has become synonymous with success from its first day of competition when the formerly named Roger Penske Racing picked up a win in the team’s inaugural start, the 1966 Rolex 24 at Daytona. In the 57 years since that first win, Team Penske has amassed record-setting numbers in the world of motorsports with more than 600 wins and 675 pole positions, 44 national championships, 19 Indianapolis 500 wins and three (3) Daytona 500 victories.

(more…)

Broad Arrow Achieves $31 Million In Total Sales At Inaugural Amelia Auction

by Lou ModestinoMarch 8, 2023

(AMELIA ISLAND, Florida) 6 March, 2023 – Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, today announced official results from its inaugural Amelia Auction—the official auction of The Amelia. Held on the oceanfront lawn and in the standing-room-only ballroom of The Ritz-Carlton, Amelia Island, on 4 March, the auction totaled $31 million with 81 percent of all lots sold. (more…)