Broad Arrow Achieves $71.5M Total in Monterey Led by Porsche 911 GT1 Rennversion

August 20, 2024 by Broad Arrow

Broad Arrow Achieves $71.5M Total in Monterey Led by Porsche 911 GT1 RennversionBroad Arrow Auctions, a Hagerty (NYSE: HGTY) company, returned to California this past week for its third annual Monterey Auction, August 14 and 15 at the Monterey Jet Center. The two-day auction totaled $71.5 million with 85 percent of all lots sold*. New for 2024, the auction began on Wednesday evening in conjunction with Motorlux, a vibrant celebration of cars, craft, and community hosted by Hagerty at the Monterey Jet Center. Watch an auction re-cap video here.

Broad Arrow's Monterey Auction debuted an immersive, runway-style auction block format well-received by collectors and industry insiders alike. The auction culminated in the sale of the 1997 Porsche 911 GT1 Rennversion, a highly regarded and superbly preserved example of the mere 9 customer GT1's constructed. The racer was contested by multiple bidders in the room and on the phone before selling for a final $7,045,000**.

Beyond the top-selling cars, additional highlights include no less than five auction records, led by a rare 1998 RUF CTR 2, at a final $2,095,000, representing a new record for any RUF at auction. Believed to be the only example in original ownership, the CTR 2 crowned a trio of highly desirable RUF models at the sale, all of which found new homes at strong prices.

'We would like to thank the guests who joined our third annual Motorlux event and auction at the Monterey Jet Center. We had record attendance with 42% of bidders registering to bid with Broad Arrow for the first time,' said Kenneth Ahn, President of Hagerty Marketplace and Broad Arrow. 'Auction results during Monterey Car Week showed a greater bifurcation in the market, especially at the $1 million-plus level – more collectors were on the sidelines for $1 million-plus cars compared to recent years, but others engaged and bid actively, especially for more modern, next-generation enthusiast cars.'

Barney Ruprecht, Vice-President of Auctions for Broad Arrow adds, 'Broad Arrow serves a wide range of collecting interests; however, our catalog curation is decidedly 'younger' than many of our competitors, a reflection of both the shifting tastes of the next generation of collectors and the expertise of our unmatched team of specialists. Modern and 'youngtimer' cars taking center stage in the highest auction realm is no longer just a trend but is backed by a defined collecting base. Broad Arrow's success in this segment, including our market leadership of marques like Porsche and RUF, is well-illustrated by our Monterey auction results and beyond.'

Broad Arrow Auctions Monterey 2024 Top Ten Sales

1. Lot 275 1997 Porsche 911 GT1 Rennversion $7,045,000

2. Lot 147 2003 Ferrari Enzo SOLD AFTER AUCTION


Trending News

Round 1, Navarra: 4 unique winners to start the season
Toyota Expands Commitment to Hydrogen Society with Fleet, Infrastructure and Next-Gen System Debut
Chance Hymas Leads Red Riders With Sixth at Pittsburgh Supercross
Subaru of America and Operation Warm Win 2025 Gold Halo Award for Best Direct Service Initiative
Nissan Rogue Scores Three-Peat Win in Cars.com 2025 Compact SUV Challenge

3. Lot 243 1957 Maserati 200Si by Fantuzzi SOLD AFTER AUCTION

4. Lot 127 1972 Lamborghini Miura P400 SV $2,700,000

5. Lot 236 1965 Ferrari 275 GTB $2,535,000

6. Lot 121 2015 Porsche 918 Spyder Weissach Package $2,480,000

7. Lot 151 1990 Ferrari F40 $2,425,000

8. Lot 130 1998 RUF CTR 2 $2,095,000

9. Lot 257 1988 Porsche 959 Komfort SOLD AFTER AUCTION

10. Lot 114 1998 RUF Turbo R Limited $1,710,000

Complete results from Broad Arrow's 2024 Monterey Auction are available at broadarrowauctions.com. Broad Arrow will conclude its annual calendar with the addition of The Chattanooga Auction on October 12, where approximately 100 collector cars will cross the block as part of the 2024 Chattanooga Motorcar Festival. Further information, including on consignment opportunities, is available at broadarrowauctions.com.

*These figures include post-block sales which occurred immediately following the auction.

**All prices are listed in USD and include Buyer's Premium, which is equal to the sum of twelve percent (12%) of the first $250,000 of the Hammer Price and ten percent (10%) of the amount by which the Hammer Price exceeds $250,000 for all motor car lots. For non-motor car Lots, Buyer's Premium is twenty-five percent (25%) of the Hammer Price.

Photo credit: Broad Arrow Auctions / Kayden Nelson
posted on conceptcarz.com

1953 Cunningham C3 Auction Results
1953 Cunningham C3 Auction Results
1953 Cunningham C3 Auction Results
1953 Cunningham C3 Auction Results
1953 Cunningham C3 Auction Results
Chassis Number: 5211
Engine Number: IND20-1008
Sale DateResultPre-Auction Estimates Auction House
December 2006 $374,000  $300,000 - $400,000 No Reserve RM Sothebys 
August 2012 $341,000  $350,000 - $450,000 No Reserve Gooding & Company 
August 2023 $610,000  $800,000 - $1,000,000 No Reserve Broad Arrow Auctions 
August 2024 $775,000  $750,000 - $950,000  Broad Arrow Auctions 

1901 Panhard Twin-Cylinder Auction Results
1901 Panhard Twin-Cylinder Auction Results
1901 Panhard Twin-Cylinder Auction Results
1901 Panhard Twin-Cylinder Auction Results
1901 Panhard Twin-Cylinder Auction Results
Chassis Number: 213
Engine Number: 2881
Sale DateResultPre-Auction Estimates Auction House
October 2007 $297,000  $250,000 - $350,000 No Reserve Gooding & Company 
August 2009 $242,000  $200,000 - $300,000  Gooding & Company 
August 2024 $307,500  $225,000 - $275,000  Broad Arrow Auctions 

1954 Chrysler New Yorker Auction Results
1954 Chrysler New Yorker Auction Results
1954 Chrysler New Yorker Auction Results
1954 Chrysler New Yorker Auction Results
1954 Chrysler New Yorker Auction Results
Chassis Number: 76591721
Engine Number: C542-8-34296
Sale DateResultPre-Auction Estimates Auction House
December 2008 $68,200  $80,000 - $110,000 No Reserve Gooding & Company 
August 2024 $86,800  $60,000 - $80,000 No Reserve Broad Arrow Auctions 

1937 Rolls-Royce Phantom III Auction Results
1937 Rolls-Royce Phantom III Auction Results
1937 Rolls-Royce Phantom III Auction Results
1937 Rolls-Royce Phantom III Auction Results
1937 Rolls-Royce Phantom III Auction Results
Chassis Number: 3BT149
Engine Number: E58X
Sale DateResultPre-Auction Estimates Auction House
August 2022 $207,200  $275,000 - $350,000  Gooding & Company 
May 2024 Not sold. High bid of $250,000.00 $275,000 - $325,000  Mecum 
August 2024  $225,000 - $275,000  Broad Arrow Auctions 

1966 Chevrolet Corvette C2 Auction Results
1966 Chevrolet Corvette C2 Auction Results
1966 Chevrolet Corvette C2 Auction Results
1966 Chevrolet Corvette C2 Auction Results
Chassis Number: 194676S111114
Engine Number: T0106P 6111114
Sale DateResultPre-Auction Estimates Auction House
August 2010 $107,250  $140,000 - $160,000 No Reserve Gooding & Company 
August 2024 $114,800  $120,000 - $140,000 No Reserve Broad Arrow Auctions 

1931 Stutz Model DV-32 Auction Results
1931 Stutz Model DV-32 Auction Results
1931 Stutz Model DV-32 Auction Results
1931 Stutz Model DV-32 Auction Results
1931 Stutz Model DV-32 Auction Results
Chassis Number: DV-21-1345
Engine Number: DV33019G
Sale DateResultPre-Auction Estimates Auction House
February 2011 $170,500  $150,000 - $200,000  Gooding & Company 
August 2023 $112,000  $175,000 - $225,000 No Reserve Broad Arrow Auctions 
August 2024 $100,800  $90,000 - $110,000 No Reserve Broad Arrow Auctions 

1938 Talbot-Lago T150C Auction Results
1938 Talbot-Lago T150C Auction Results
1938 Talbot-Lago T150C Auction Results
1938 Talbot-Lago T150C Auction Results
1938 Talbot-Lago T150C Auction Results
Chassis Number: 90034
Sale DateResultPre-Auction Estimates Auction House
August 2005 $3,685,000  $3,000,000 - $4,000,000  RM Sothebys 
September 2010 $4,620,000  $3,500,000 - $4,500,000  RM Sothebys 
August 2024  $6,500,000 - $8,500,000  Broad Arrow Auctions 

1989 Ferrari 328 GTS Auction Results
1989 Ferrari 328 GTS Auction Results
1989 Ferrari 328 GTS Auction Results
1989 Ferrari 328 GTS Auction Results
1989 Ferrari 328 GTS Auction Results
Chassis Number: ZFFXA20A1K0080610
Sale DateResultPre-Auction Estimates Auction House
October 2012 $159,500  $120,000 - $140,000 No Reserve RM Sothebys 
August 2024 $335,000  $225,000 - $275,000  Broad Arrow Auctions 

1989 Ferrari Testarossa Auction Results
Chassis Number: ZFFSG17A5K0080179
Sale DateResultPre-Auction Estimates Auction House
October 2012 $264,000  $130,000 - $160,000 No Reserve RM Sothebys 
January 2019 $221,200  $250,000 - $300,000  Gooding & Company 
August 2024 $456,000  $300,000 - $350,000  Broad Arrow Auctions 

1948 Tucker 48 Auction Results
1948 Tucker 48 Auction Results
1948 Tucker 48 Auction Results
1948 Tucker 48 Auction Results
1948 Tucker 48 Auction Results
Chassis Number: 1003
Engine Number: 4
Body Number: 1003
Sale DateResultPre-Auction Estimates Auction House
March 2013 Not sold. High bid of $1,475,000.00 $1,500,000 - $1,900,000  RM Sothebys 
August 2014 $2,035,000  $1,300,000 - $1,700,000  Gooding & Company 
August 2024 $1,380,000  $1,500,000 - $2,000,000  Broad Arrow Auctions 

1963 Ferrari 250 GT Lusso Auction Results
1963 Ferrari 250 GT Lusso Auction Results
1963 Ferrari 250 GT Lusso Auction Results
Chassis Number: 5179 GT
Engine Number: 5179 GT
Sale DateResultPre-Auction Estimates Auction House
August 2014 $2,117,500  $1,900,000 - $2,500,000  RM Sothebys 
August 2024  $1,700,000 - $2,000,000  Broad Arrow Auctions 

1964 Porsche 904 Carrera GTS Auction Results
1964 Porsche 904 Carrera GTS Auction Results
1964 Porsche 904 Carrera GTS Auction Results
Chassis Number: 904-057
Engine Number: 99053
Sale DateResultPre-Auction Estimates Auction House
August 2013 $1,595,000  $1,750,000 - $2,250,000  Gooding & Company 
August 2024  $2,200,000 - $2,500,000  Broad Arrow Auctions 

1968 Ferrari 330 Auction Results
1968 Ferrari 330 Auction Results
1968 Ferrari 330 Auction Results
1968 Ferrari 330 Auction Results
1968 Ferrari 330 Auction Results
Chassis Number: 10913
Engine Number: 10913
Sale DateResultPre-Auction Estimates Auction House
August 2015 $3,000,000  $3,000,000 - $3,500,000  Mecum 
August 2016 $2,502,500  $2,700,000 - $3,000,000  Gooding & Company 
August 2023  $2,200,000 - $2,700,000  Gooding & Company 
August 2024  $1,900,000 - $2,200,000  Broad Arrow Auctions 

1963 Rolls-Royce Silver Cloud III Auction Results
1963 Rolls-Royce Silver Cloud III Auction Results
1963 Rolls-Royce Silver Cloud III Auction Results
1963 Rolls-Royce Silver Cloud III Auction Results
1963 Rolls-Royce Silver Cloud III Auction Results
Chassis Number: LSCX 789
Engine Number: SX394C
Sale DateResultPre-Auction Estimates Auction House
November 2015 Not sold. High bid of $500,000.00 $600,000 - $850,000  Keno Brothers 
August 2016  $600,000 - $700,000  Gooding & Company 
February 2017  $550,000 - $650,000  The Finest Automobile Auctions 
August 2024 $665,000  $600,000 - $700,000  Broad Arrow Auctions 

1946 Delahaye 135M Auction Results
1946 Delahaye 135M Auction Results
1946 Delahaye 135M Auction Results
1946 Delahaye 135M Auction Results
1946 Delahaye 135M Auction Results
Chassis Number: 800320
Engine Number: 800320
Sale DateResultPre-Auction Estimates Auction House
August 2017  $450,000 - $650,000  RM Sothebys 
September 2021 CHF297,500
($274,793)
 
  RM Sothebys 
August 2024 $240,800  $300,000 - $350,000  Broad Arrow Auctions 

1973 Porsche 911E Auction Results
Chassis Number: 9113210435
Engine Number: 6230889
Sale DateResultPre-Auction Estimates Auction House
March 2018 $126,500  $200,000 - $250,000 No Reserve Gooding & Company 
August 2024  $175,000 - $200,000  Broad Arrow Auctions 

1998 Porsche Turbo R Auction Results
1998 Porsche Turbo R Auction Results
1998 Porsche Turbo R Auction Results
1998 Porsche Turbo R Auction Results
1998 Porsche Turbo R Auction Results
Chassis Number: W09BD0360WPR06036
Sale DateResultPre-Auction Estimates Auction House
August 2018 $912,500  $700,000 - $900,000  RM Sothebys 
August 2024 $1,710,000  $1,500,000 - $2,000,000  Broad Arrow Auctions 

2003 Aston Martin DB AR1 Roadster Auction Results
2003 Aston Martin DB AR1 Roadster Auction Results
2003 Aston Martin DB AR1 Roadster Auction Results
2003 Aston Martin DB AR1 Roadster Auction Results
2003 Aston Martin DB AR1 Roadster Auction Results
Chassis Number: SCFAE62333K800088
Engine Number: 00396
Sale DateResultPre-Auction Estimates Auction House
October 2019  £180,000 - £240,000  RM Sothebys 
May 2021 $302,000  $300,000 - $350,000  RM Sothebys 
March 2023 $291,000  $250,000 - $300,000 No Reserve Gooding & Company 
August 2024  $300,000 - $350,000  Broad Arrow Auctions 

1988 Porsche 911 Carrera Auction Results
1988 Porsche 911 Carrera Auction Results
Chassis Number: WP0EB093XJS070320
Engine Number: 68J00846
Sale DateResultPre-Auction Estimates Auction House
March 2015 $363,000  $250,000 - $300,000  RM Sothebys 
May 2021 $324,000  $300,000 - $350,000  RM Sothebys 
August 2024  $340,000 - $380,000  Broad Arrow Auctions 

2006 Ford GT Auction Results
2006 Ford GT Auction Results
Chassis Number: 1FAFP90S16Y400600
Sale DateResultPre-Auction Estimates Auction House
December 2018 $318,500  $300,000 - $350,000 No Reserve RM Sothebys 
March 2022 $544,000  $400,000 - $500,000  RM Sothebys 
August 2024 $577,000  $525,000 - $600,000  Broad Arrow Auctions 

1970 Maserati Ghibli Auction Results
1970 Maserati Ghibli Auction Results
1970 Maserati Ghibli Auction Results
1970 Maserati Ghibli Auction Results
1970 Maserati Ghibli Auction Results
Chassis Number: AM115S.1081
Engine Number: AM115S.1081
Sale DateResultPre-Auction Estimates Auction House
March 2022 $687,000  $700,000 - $800,000  Gooding & Company 
August 2024  $750,000 - $850,000  Broad Arrow Auctions 

1952 Mercedes-Benz 220 Auction Results
1952 Mercedes-Benz 220 Auction Results
1952 Mercedes-Benz 220 Auction Results
1952 Mercedes-Benz 220 Auction Results
1952 Mercedes-Benz 220 Auction Results
Chassis Number: 220/187.012.03972/52
Sale DateResultPre-Auction Estimates Auction House
August 2022 $117,600  $220,000 - $350,000 No Reserve RM Sothebys 
August 2024 $123,200  $175,000 - $200,000  Broad Arrow Auctions 

1976 Ferrari 308 GTB Auction Results
1976 Ferrari 308 GTB Auction Results
Chassis Number: F106AB19535
Engine Number: F106A 01758
Sale DateResultPre-Auction Estimates Auction House
August 2021 $224,000  $250,000 - $325,000  Gooding & Company 
March 2023 $235,200  $250,000 - $325,000  Gooding & Company 
August 2024 $165,200  $200,000 - $250,000  Broad Arrow Auctions 

1970 Ferrari 365 GT 2+2 Auction Results
1970 Ferrari 365 GT 2+2 Auction Results
1970 Ferrari 365 GT 2+2 Auction Results
Chassis Number: 13069
Engine Number: 13069
Sale DateResultPre-Auction Estimates Auction House
March 2015 $280,500  $250,000 - $325,000  Gooding & Company 
August 2024  $240,000 - $280,000  Broad Arrow Auctions 

2018 BMW M4 GT4 Auction Results
2018 BMW M4 GT4 Auction Results
Chassis Number: WBS4Y9C50JAC86669
Sale DateResultPre-Auction Estimates Auction House
August 2022  $250,000 - $300,000  Gooding & Company 
August 2024 $168,000  $175,000 - $200,000 No Reserve Broad Arrow Auctions 

Related Posts

Vehicle information, history, and specifications from concept to production.