Audrain Motor Week and Broad Arrow Announce Strategic Multi-Year Partnership
Audrain Concours Foundation and Audrain Motorsport today announced a landmark partnership with Broad Arrow Auctions, a Hagerty Company (NYSE: HGTY), establishing the collector car auction house as the exclusive auction partner for the Audrain Newport Concours & Motor Week and presenting sponsor of the Audrain Motorsport Veteran Car Tour through 2028.
The agreement marks a significant expansion for Broad Arrow Auctions, representing the company's only auction presence in the Northeast and establishing Newport as the centerpiece of its regional strategy. The partnership aligns Broad Arrow with what has become the Northeast's premier automotive destination and one of the most significant events on the national automotive calendar, offering year-round engagement with the collector car community across two distinctive experiences spanning spring and fall.
"This partnership represents Broad Arrow's continued expansion and a commitment to establishing deep roots in the Northeast collector car market," said Kenneth Ahn, President of Hagerty Marketplace and Broad Arrow. "Audrain has built the region's most significant automotive events, and we are honored to partner with Audrain to engage with collectors and enthusiasts at one of the most important destinations in the U.S. automotive calendar—an environment that celebrates automotive history, craftsmanship, and community."
The collaboration integrates Broad Arrow’s collector car expertise and market leadership with Audrain's mission to create inclusive, welcoming experiences that celebrate automotive history, luxury, and sport. Both organizations share a commitment to making collector car culture accessible to enthusiasts at every level while maintaining the highest standards of curation and presentation.
Audrain Newport Concours & Motor Week
As the exclusive auction partner for the Audrain Newport Concours & Motor Week each October, Broad Arrow will conduct a premier collector car auction at the International Tennis Hall of Fame during the four-day celebration. The partnership also designates Broad Arrow as presenting sponsor of the Audrain Automobile Museum Gala, one of the automotive world's most prestigious social events.
The October event attracts collectors, enthusiasts, and industry leaders from around the world to Newport's historic Bellevue Avenue, featuring world-class concours judging, automotive exhibitions, and now, a curated auction of desirable collector vehicles. The scale and scope of Audrain Newport Concours & Motor Week has established it as the Northeast's flagship automotive gathering and a cornerstone of the national collector car calendar.
Audrain Motorsport Veteran Car Tour
Each May, the Audrain Motorsport Veteran Car Tour Presented by Broad Arrow Auctions showcases pre-1916 veteran-era automobiles throughout Newport County's scenic coastal roads. The tour celebrates automotive pioneering spirit and the region's rich motorsport heritage, offering participants and spectators an intimate experience with automotive history.
Broad Arrow's presenting sponsorship brings the company's expertise and enthusiasm to one of America's most charming motoring events.
Establishing Newport as the Northeast's Premier Automotive Destination The partnership solidifies Newport, Rhode Island's position as the Northeast's premier destination for automotive events and collector car culture.
"Broad Arrow's commitment to Newport and to both our Concours & Motor Week and Veteran Tour demonstrates their vision for long-term partnership," said Nic Waller, President of The Audrain Group. "Together, we're building something enduring—a year-round destination where collectors, historians, enthusiasts, and newcomers can all find their place in the automotive community. This partnership recognizes what Audrain has built: the Northeast's most significant automotive gathering and one of the premier events on the national calendar."
The partnership commences with the 2026 event season and extends through 2028, with both spring and fall activations each year.
About Audrain - Audrain Concours Foundation and Audrain Motorsport are dedicated to advancing public appreciation of automotive history, design, and culture through world-class events and educational programming. Based in Newport, Rhode Island, Audrain produces the annual Audrain Newport Concours & Motor Week each October and the Audrain Motorsport Veteran Car Tour each May, alongside year-round activities at the Audrain Automobile Museum. Audrain is committed to creating inclusive, welcoming experiences that celebrate automotive excellence while making collector car culture accessible to enthusiasts of all backgrounds.
About Broad Arrow Auctions - Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow expanded its global auction footprint with three new auctions in 2025 held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.
About Hagerty, Inc. (NYSE: HGTY) - Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self- describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can’t get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn.
Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward- looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.
Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.
The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in the Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.
Photo Credits - Courtesy of Broad Arrow Auctions