Seminal 1948 Ferrari 166 Spyder Corsa Headlines Inaugural Broad Arrow Auction Concorso d’Eleganza Villa d’Este by Investing.com

Probably the most original early Ferrari (NYSE:) in existence” never publicly offered for sale | It is estimated that it will bring 5.5 to 7.5 million euros at the auction from May 24 to 25

Grosse Pointe, Michigan, Jan. 17, 2025 (GLOBE NEWSWIRE) — Broad Arrow Auctions, a Hagerty (NYSE: HGTY ) company, is thrilled to announce the delivery of what many consider one of the most original early Ferrari models to its inaugural Concorso d’Eleganza Villa auction d’Este. Never before offered for public sale, the 1948 Ferrari 166 Spyder Corsa with a body built by Carrozzeria Ansaloni (estimate: €5,500,000 – €7,500,000), is one of two examples purchased by the Besana brothers, Ferrari’s first buyers. Namely, the Spyder Corsa on offer, chassis number 004 C, finished sixth overall at the 1948 Targa Florio and is a veteran of the 1948 and 1949 Mille Miglia, while also boasting period Formula 2 competition and hill climbs.

Complete with a Ferrari Classiche White Book certificate with original body, chassis, 2.0-litre V12 engine and five-speed racing gearbox, it is further complemented by 50 years of family ownership from 1965 to 2015 with multiple detailed editorials documenting its impressive provenance. The car has received numerous awards, including the 2004 Pebble Beach Concours d’Elegance Class Award and was exhibited at Pebble Beach inside Casa Ferrari in 2019 and 2022. Further accolades include Best of Show at the 2003 FCA National Meet, Cavallino and FCA Platinum Awards and exhibited as the main car at the 2006 Cavallino Classic.

The 1948 Ferrari 166, with chassis 004 C, which we are pleased to present at our inaugural Concorso d’Eleganza Villa d’Este auction in May, is undoubtedly one of the most significant examples of early Ferraris. With its extraordinary provenance and long, well-documented history, we could not think of a more fitting and appropriate example to highlight our first Italian auction, says Barney Ruprecht, Vice President of Auctions, Broad Arrow. Chassis no. The existence of the 004 C aptly represents the very foundations of the legendary Ferrari brand and stands the test of time as a seminal example for the brand.

Broad Arrow will conduct its inaugural European auction in partnership with BMW (ETR:) AG as the Official Auction Partner of the Concorso d’Eleganza Villa d’Este. As the crown jewel of the concorso world, Broad Arrow is excited to present 70 of the highest quality collector cars in a premium auction experience during the Concorso weekend on the shores of Lake Como. Broad Arrow will welcome Thomas Forrester, one of the UK’s top auctioneers, to the Concorso d’Eleganza Villa d’Este podium this spring. Thomas has auctioneering in his blood and trained at both Phillips and Bonhams before starting his own auction house, Specialist Collectors Auctioneers, over 20 years ago, holding over 50 calendar auctions a year. Thomas also works around the world raising funds for international causes in the UK, Europe, Middle East and Asia, including the Royal Commonwealth Society at events attended by High Commissioners, Ambassadors and members of the Royal Family. Thomas previously handled sales at Broad Arrow’s successful inaugural Porsche Air|Water auction in April 2024. Learn more about Thomas at broadarrowauctions.com.

For additional information on this auction, including consignment information, bidder registration and general inquiries, please email info@broadarrowauctions.com or call +44 2045 920 169.

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Photo credits: All modern photos courtesy of Ryan Merrill/Broad Arrow Auctions

About Broad Arrow Auctions – Broad Arrow Auctions, a Hagerty Company (NYSE: HGTY), is the leading global auction house for collector cars. Founded in 2021 by seasoned industry veterans, Broad Arrow offers exceptional quality automobiles to collectors and enthusiasts worldwide. As the fastest growing auction house in its segment, Broad Arrow’s main annual events include Monterey Jet Center Auctionin collaboration with Motorlux in California, Auction Ameliaas the official auction of The Amelia (Concours d’Elegance) in Florida, and Porsche auctionin cooperation with Air | Water Luftgekühlt in California. Broad Arrow has expanded its global presence in 2023, with renowned automotive experts joining the team in the UK and Europe. Broad Arrow launches its first auction in Europe in May 2025 as a novelty official auction house Concorso d‘Vila Eleganza d‘Yes in Italy. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn and Twitter.

About Hagerty, Inc. (NYSE: HGTY) – Hagerty is a car enthusiast brand dedicated to driving savings and fostering car culture for future generations. The company is a leading provider of specialty vehicle insurance, automotive valuation expertise and insights, live and digital auto auction services, immersive events and tailored automotive entertainment to 67 million Americans who describe themselves as automotive enthusiasts. Hagerty also operates in Canada and the United Kingdom and is home to the Hagerty Drivers Club, a community of over 865,000 car enthusiasts. For more information, visit www.hagerty.com or connect with us on Facebook (NASDAQ:), Instagram, Twitter and LinkedIn.

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