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In December 2021, in the collector car world’s equivalent of a ’70s supergroup, Broad Arrow Auctions was formed by 11 highly regarded defectors from established collector car auction houses. And, in the few short years since its debut, it’s become the second-largest and fastest-growing house in the field. In 2025, its $624 million sales total marked 97 percent growth from the $316 million netted in 2024—enough, presumably, to bring tears of joy to investors who’d bought into its acquisitive parentco, the classic car insurance giant Hagerty, which used a SPAC to go public in 2021 at a $3.13 billion valuation.
