F50

Broad Arrow Helps Clients Buy, Sell, and Finance Collector Cars with More than $180 Million in Transactions across Auctions, Private Sales, and Financing in its Second Year of Operation

Retrieved on: 
Wednesday, December 20, 2023

“2023 has been an outstanding year for Broad Arrow in its second year of operations with significant growth across three businesses – auctions, private sales, and financing.

Key Points: 
  • “2023 has been an outstanding year for Broad Arrow in its second year of operations with significant growth across three businesses – auctions, private sales, and financing.
  • Launched in December 2021, Broad Arrow has quickly gained momentum in the collector car industry to help car collectors buy, sell and finance their collector cars.
  • Broad Arrow Capital is led by a team with over 60 combined years of finance, banking, legal, and collector car industry experience.
  • Collectors interested in consigning their cars to this world-class event are invited to contact a Broad Arrow specialist at broadarrowauctions.com .

Universal Hydrogen Showcases Airside Fueling Logistics for ATR-72 and H2AmpCart at Toulouse Blagnac Airport F50 Operational Gate

Retrieved on: 
Tuesday, October 31, 2023

Universal Hydrogen’s H2AmpCart hydrogen modules are filled away from the airport with green hydrogen, and transferred to the airport landside leveraging existing intermodal freight infrastructure.

Key Points: 
  • Universal Hydrogen’s H2AmpCart hydrogen modules are filled away from the airport with green hydrogen, and transferred to the airport landside leveraging existing intermodal freight infrastructure.
  • Additionally, on the heels of announcing its joint development agreement with JBT AeroTech , Universal Hydrogen revealed the fueling logistics for its H2AmpCart showing the feasibility of recharging electric GSE (eGSEs) airside with hydrogen.
  • Universal Hydrogen’s H2AmpCart hydrogen modules are filled away from the airport with green hydrogen, and transferred to the airport landside leveraging existing intermodal freight infrastructure.
  • These airside capabilities underscore the impact our modular hydrogen capsule technology is having on our industry,” said Arnaud Namer, COO, Universal Hydrogen.

SailGP and T-Mobile Leverage 5G to Improve Fan and Athlete Experiences

Retrieved on: 
Wednesday, August 30, 2023

NEW YORK and BELLEVUE, Wash., Aug. 30, 2023 /PRNewswire/ -- SailGP, one of the world's fastest growing sport leagues, has announced an expanded collaboration with T-Mobile for Business for Seasons 4 and 5 spanning 2023 through 2025. SailGP will leverage a 5G Hybrid Mobile Network from T-Mobile's 5G Advanced Network Solutions (5G ANS) portfolio to further elevate fan experience with innovative, immersive views of live race action and provide SailGP athletes advanced on-water performance analysis. 

Key Points: 
  • SailGP will leverage a 5G Hybrid Mobile Network from T-Mobile's 5G Advanced Network Solutions (5G ANS) portfolio to further elevate fan experience with innovative, immersive views of live race action and provide SailGP athletes advanced on-water performance analysis.
  • "We're constantly pushing the boundaries of what 5G can do for consumers and businesses," said Callie Field, president, T-Mobile Business Group.
  • "Delivering fast and reliable analytics along with immersive viewing experiences in a tough offshore environment is a literal game changer."
  • Additionally, T-Mobile for Business continues as the official 5G partner of the United States SailGP Team.

Broad Arrow Radius Auction Achieves $57.5M with 84% Sell-Through at the Monterey Jet Center with Sales Led by Ferrari F50, 288 GTO, and 250 GT Lusso

Retrieved on: 
Tuesday, August 22, 2023

The auction followed on the heels of the successful and sold out Hagerty Motorlux party held on Wednesday evening.

Key Points: 
  • The auction followed on the heels of the successful and sold out Hagerty Motorlux party held on Wednesday evening.
  • The party saw more than 3,000 attendees celebrate the start of Monterey’s annual car week with exceptional dining and entertainment, alongside the auction preview of Broad Arrow’s 170 cars on display.
  • Top sales from the auction included the exquisite 1995 Ferrari F50, which achieved a sales price of $4,240,000, followed by the 1985 Ferrari 288 GTO with a sale price of $3,910,000.
  • The stunning 1964 Ferrari 250 GT Berlinetta Lusso realized a final price of $2,810,000 to elated cheers from the crowd.

Broad Arrow Releases Digital Catalog and Announces Final Additions to Radius Auction at the Monterey Jet Center

Retrieved on: 
Thursday, July 27, 2023

Grosse Pointe, MI, July 27, 2023 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, in conjunction with Hagerty’s Motorlux event, is excited to announce the final consignments for the upcoming Radius Auction at the Monterey Jet Center on August 17-18 in Monterey, California.

Key Points: 
  • Grosse Pointe, MI, July 27, 2023 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, in conjunction with Hagerty’s Motorlux event, is excited to announce the final consignments for the upcoming Radius Auction at the Monterey Jet Center on August 17-18 in Monterey, California.
  • Kenneth Ahn, President of Hagerty Marketplace states, “On behalf of the Hagerty and Broad Arrow team, we look forward to welcoming car lovers and enthusiasts in Monterey, California.
  • We look forward to seeing you in Monterey.”
    Leading the final additions to the auction is the outstanding 1995 Ferrari F50 with an auction estimate of $4,000,000 — $4,500,000.
  • One of the notable highlights of the auction is the 1966 Mercedes-Benz 600 Pullman Landaulet with an estimate of $2,250,000—$2,650,000.

SailGP announces expanded Season 4 global calendar

Retrieved on: 
Wednesday, April 5, 2023

LONDON and NEW YORK, April 5, 2023 /PRNewswire/ -- SailGP, the world's most exciting racing on water, has unveiled its expanded Season 4 schedule that spotlights two additional U.S. events in Los Angeles and New York, and the return of Chicago and San Francisco as part of its 12-race global circuit spanning four continents from June 2023 - July 2024.

Key Points: 
  • The North American market features prominently in the expanded 2023-2024 calendar, hosting six of the planned 12 events.
  • However, before Season 4 kicks off, SailGP's attention turns to San Francisco May 6 - 7 for the thrilling showdown to Season 3, the Mubadala SailGP Season 3 Grand Final | San Francisco where the top three teams overall will finish the weekend with one, winner-take-all, final race to claim a $1 million bonus.
  • Earlier this season, CBS's SailGP viewership topped over 1.6 million viewers in two events, respectively, the highest sailing audience tune in for more than 30 years.
  • This location will make for a challenging, exciting competition, and the wide variety of local restaurants and waterfront activities will make the experience memorable for visiting SailGP race spectators."

SailGP Races to Revolutionise Competitive Sailing with NetSuite

Retrieved on: 
Thursday, January 12, 2023

SINGAPORE, Jan. 12, 2023 /PRNewswire/ -- SINGAPORE SAIL GRAND PRIX -- SailGP, the fast-growing purpose-led global racing league, is using Oracle NetSuite to support its mission to change the face of competitive sailing. With NetSuite, SailGP has taken advantage of an integrated business system to manage financial processes in new countries, broadcast opportunities, and revenue streams as it aims to double the league's size within two years.

Key Points: 
  • SINGAPORE, Jan. 12, 2023 /PRNewswire/ -- SINGAPORE SAIL GRAND PRIX -- SailGP , the fast-growing purpose-led global racing league, is using Oracle NetSuite to support its mission to change the face of competitive sailing.
  • To address this challenge and gain real-time visibility into its operations, automate core business processes, and enhance decision making, SailGP selected NetSuite.
  • NetSuite has enabled SailGP to streamline financial reporting, improve forecasting , and address its tax and reporting requirements in the countries it operates in.
  • Visit NetSuite's blog and case study to read more about how SailGP uses NetSuite for smooth sailing in the back office.

BROAD ARROW GROUP’S INAUGURAL AUCTION SEASON ACHIEVES $86.7 MILLION IN TOTAL SALES

Retrieved on: 
Wednesday, December 21, 2022

In the company’s inaugural auction season, August - November 2022, Broad Arrow Group, a Hagerty (NYSE: HGTY) company, achieved $86.7 million in total sales across three live auction events.

Key Points: 
  • In the company’s inaugural auction season, August - November 2022, Broad Arrow Group, a Hagerty (NYSE: HGTY) company, achieved $86.7 million in total sales across three live auction events.
  • The industry-veteran team realized 17 world record auction prices across the season, with an overall sell-through rate of 84 percent, selling 838 lots in total.
  • What we realized — both quantitatively and qualitatively — well-exceeded our expectations,” noted Kenneth Ahn, President of Hagerty Marketplace and Co-Founder of Broad Arrow Group.
  • Broad Arrow Group clients now benefit from access to Hagerty’s impressive reach and range of services offered to collector car enthusiasts.

Tactical Fleet to Auction Rare 1995 Ferrari F50

Retrieved on: 
Saturday, December 10, 2022

MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Tactical Fleet is auctioning a rare 1995 Ferrari F50 at the prestigious RM Sotheby's auction on Dec. 10, 2022, in Miami, Florida.

Key Points: 
  • MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Tactical Fleet is auctioning a rare 1995 Ferrari F50 at the prestigious RM Sotheby's auction on Dec. 10, 2022, in Miami, Florida.
  • Tactical Fleet specializes in the top exotic and luxury brands: Aston Martin, Bentley, Ferrari, Lamborghini, McLaren, Mercedes-Benz (AMG and G-Class/G Wagon), Porsche, and Rolls-Royce.
  • Tactical Fleet has a stellar team of dedicated sales specialists to make sure the buying process is easy and enjoyable.
  • Tactical Fleet is a subsidiary of Sonic Automotive, Inc., one of the nation's largest automotive retailers with over 150 locations.

FIRST FAN-OWNED TEAM LAUNCHES FOR SAILGP

Retrieved on: 
Thursday, November 10, 2022

HAMILTON, Bermuda, Nov. 10, 2022 /PRNewswire/ -- Bernoulli | Locke, a member-based community creating new immersive partnerships and experiences using innovative Web3 structures, today announced they are launching a SailGP fan-owned racing team across Bermuda and the Caribbean. Using a DAO structure and built on the NEAR Protocol, this team is expected to open new opportunities in sports ownership and fan engagement.

Key Points: 
  • The team's territory combines the Caribbean and Bermuda, an internationally recognized sailing and business destination, providing the team with a diverse, culturally vibrant and historic sailing region with sufficient sailing talent and resources to mount a competitive SailGP team.
  • This new team hopes to be the tenth team in the league and participate in Season 4.
  • SailGP CEO Russell Coutts said: "Last month we shared that we had updated our SailGP Participation Agreement to allow a DAO owned team to join the league, and now we are very excited to see David Palmer and his team of founders at Bernoulli | Locke forming a team under these amended rules.
  • We look at the fan-owned team as the ultimate implementation of a loyalty program, and this new Caribbean & Bermuda team will redefine the fan experience and team ownership model.