The Market


2024 Florida sales – Broad Arrow’s first day at Amelia Island

2024 Florida sales – Broad Arrow’s first day at Amelia Island 2nd March 2024

So how did official auction partner of The Amelia, given a free run at the Ritz Carlton after the departure of arch-rival RM Sotheby’s south to Miami, do at its own event? Looking at a likely gross for one day of $23.6m+, at a sell-through of at least 93%, we’d say pretty well.

Regular Broad Arrow auctioneer Lydia Fenet was at the controls once again and appeared as enthusiastic when the final lot crossed the block – a 1959 Unimog generating a flurry of bids – as at the beginning, though it was something of a marathon. Today’s sale has an additional 29 cars.

We await confirmed results but the winners yesterday were modern, limited-edition hypercars, with even models such the McLaren Senna and latest iteration of the Ford GT that can stall at auction sprinting into the distance.

At a glance (on the day, provisional):

* Gross, motor cars: $23,685,300
* Percentage sold by number: 93%
* Top-selling car: 2022 Bugatti Chiron Pur Sport $4,047,500 gross, $3,675,000 net (est. $4m to $4.5m)
* Well sold? 2022 Hennessey Venom F5  (est. $1.2m to $1.65m) that went for $2,205,000
* Well bought? Hard to pick – most cars sold on or around estimate

Our man in the famous ballroom of the Ritz Carlton, Greg Ingold, gives his view:

“Broad Arrow’s preview was perhaps the most active one so far. Despite intermittent drizzle, there were plenty of spectators milling around the cars and for much of the sale inside it was standing room only.

“The focal point of the first night was a collection of modern hypercars highlighted by the first Hennessey Venom F5 to sell at auction (for $2,205,000), a rare 2021 Lamborghini Sian ($2,645,000), and the top sale of the night, the $4m Bugatti Chiron Pur Sport.

“Despite a strong 93 per cent sell-through rate, Broad Arrow did miss out on its other star car, the 1966 Shelby Cobra 427 S/C which stalled at a high bid of $2.7m. Considering it sold in Arizona for $2,947,500 back in 2019, it is not surprising the seller decided to pass.

“Saturday’s list of heavy hitters includes a road-specification Mk I GT40, Porsche 959 SC worked over by Canepa Design and a Porsche 718 RSK. The magic could well continue today to close out the auction weekend at Amelia.”

Other results of note (all prices gross):

* 1993 Jaguar XJ220, $527,500. Not much to report other than it sold – not always the case with these cars.
* 2006 Ford GT Heritage Edition, $692,500. Single-owner GT with only 1,238 miles, coming as one of a pair with a later car, both in Gulf ‘Heritage’ livery.
* 1998 RUF BTR, $1,050,000. Blue car with only 331 miles.
* 1989 Lancia Delta HF Integrale 16v, $50,400. Fun standard Integrale presented as a Martini rally tribute.
* 2003 BMW Alpina Roadster V8, $368,000. As an Alpina, generally not the one people want, but sold well.
* 1968 Ferrari 206 Dino, $610,000. Compare and contrast this early, rare car’s $610k with the $918k achieved by Gooding for a regular Dino 246 GTS.

Broad Arrow holds its second day of sales at Amelia Island on Saturday, 2 March 2024 at 11.00 EST when the much-anticipated Lot 239, the 1959 Porsche 718 RSK Spyder ‘Lucybelle III’ ($3.5m to $4.5m) crosses the block.

All quoted prices include buyer’s premium.

Photos by Marcelo Murillo for K500