Broad Arrow to host Las Vegas collector car auction at Wynn

LAS VEGAS - Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company - a profitable enterprise with a market capitalization of $3.43 billion - will hold its inaugural Las Vegas auction on October 31, 2025, in partnership with Concours at Wynn Las Vegas, according to a press release statement. According to InvestingPro analysis, Hagerty currently appears undervalued based on its Fair Value calculations.

The auction will feature approximately 70 collector cars and will take place at Wynn Las Vegas as part of the fourth annual Concours event, which runs from October 31 through November 2.

"Las Vegas is an outstanding auction location given its renowned status as a luxury destination and proximity to the many collector car communities in the region," said Barney Ruprecht, Vice President of Auctions for Broad Arrow.

The Las Vegas event adds to Broad Arrow’s expanding global auction calendar, which includes two European auctions in the same timeframe: the Zoute Concours Auction in Belgium on October 10 and the Zürich Auction in Switzerland on November 1.

Brian Gullbrants, Chief Operating Officer of Wynn Resorts North America, said the auction "will deliver an extraordinary array of remarkable vehicles" as part of the Concours weekend.

Since its founding in 2021, Broad Arrow has established flagship events including the Monterey Jet Center Auction, which achieved $71.5 million in sales with an 85 percent sell-through rate in 2024, and The Amelia Auction in Florida, which generated $61.7 million with an 88 percent sell-through rate in 2025. This success contributes to Hagerty’s strong financial performance, with InvestingPro data showing impressive revenue growth of 18.45% over the last twelve months and healthy free cash flow of $140.42 million.

The company recently expanded into Europe with its first Concorso d’Eleganza Villa d’Este Auction in Italy this May, which realized €31.2 million in sales with 78 percent of lots sold.

The Concours at Wynn Las Vegas will showcase more than 250 automobiles within four judged and non-judged categories on the Wynn Golf Club grounds. For detailed analysis of Hagerty’s financial outlook and growth potential, including 8 additional ProTips and comprehensive valuation metrics, visit InvestingPro.

In other recent news, Hagerty Inc. reported impressive first-quarter 2025 earnings, exceeding Wall Street’s expectations. The company achieved earnings per share of $0.08, doubling the forecasted $0.04, and revenue reached $319.6 million, surpassing the anticipated $259.17 million. Hagerty’s net income increased by 233% to $27 million, with an 18% year-over-year revenue growth. Additionally, the company announced the appointment of Marc Burns as Senior Vice President of Brand and Marketing, effective July 14. Burns, who previously held roles at AT&T, BBDO, and Leo Burnett, will focus on enhancing Hagerty’s brand reputation and marketing initiatives. In strategic moves, Hagerty plans to expand its international presence and introduce new products. The company aims to double its policies in force by 2030, aligning with its long-term growth strategy. These developments reflect Hagerty’s commitment to strengthening its market position and operational efficiency.

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