Broad Arrow’s Chattanooga Sale Totals $12.3m

Broad Arrow’s first-ever auction held alongside the Chattanooga Motorcar Festival wrapped this past weekend, with final totals coming in at just under $12.3m overall.

The company reports 82% of the lots on offer found new ownership, with bidders from 10 countries and 33 U.S. states. More than half of the bidders were competing at a Broad Arrow Auction for the first time.

The top seller was a rare “missing link” in the Carrera RS lineup: a 1984 Porsche 911 SC RS Gruppe B “Evolutionsserie.” The SC RS did not meet its reserve during the auction, but it was sold immediately following the sale for $2m. Additional top ten highlights include five other variations of the Porsche 911, including the one-of-one 1998 Porsche 911 Carrera S “Factory One-Off” Cabriolet, which achieved $401,000.

“We are very happy with the results of our first Chattanooga Auction,” said Barney Ruprecht, Vice President of Auctions for Broad Arrow. “The entire preview and auction were buzzing with strong attendance from start to finish, and the Chattanooga Motorcar Festival welcomed our team and clients with open arms. Our top ten sales are emblematic of Broad Arrow’s focus on the next generation of collector cars, with modern classics and supercars drawing strong interest and results. Chattanooga was a fantastic final stop on our 2024 live auction calendar.”

Other stand-out moments included the sale of two single-owner private collections: The Stingray Survivor Collection and The Small Speed Collection. Five highly original C3 Corvettes offered from The Stingray Survivor Collection brought strong prices, led by a 1969 Chevrolet Corvette 427/435 Stingray convertible that sold for a final $112,000 (Estimate: $90,000 – $110,000).

The Small Speed Collection featured six cars of small size but with strong racing heritage. These cars also brought strong prices on Saturday afternoon, including a 1960 Alfa Romeo Giulietta Spider Veloce at a final $81,200 (Estimate: $60,000 – $70,000).

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