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    2024 Amelia Island Auction to Showcase Exclusive 2020 McLaren Speedtail

    Amelia Island, FL, Nov. 14, 2023 (GLOBE NEWSWIRE) — (November 14, 2024) – Broad Arrow Auctions, a Hagerty company, is proud to present an exciting early highlight consignment for the upcoming Radius Auction at The Amelia. The highly anticipated 2020 McLaren Speedtail, estimated to be valued between $2,000,000 and $2,400,000, will be the star attraction at this year’s event, scheduled to take place on March 1-2.

    In a world of hypercars characterized by relentless innovation and boundary-pushing performance, McLaren’s Speedtail stands out by paying homage to its legendary predecessor, the McLaren F1. Offering a truly extraordinary three-seater experience, the Speedtail brings back the essence of its roots.

    Dubbed the “Hyper-GT” by McLaren, the Speedtail showcases unrivaled aerodynamic efficiency, a crucial factor in achieving its remarkable acceleration and top speed figures. With its 1,036-horsepower, twin-turbocharged V8 engine equipped with a parallel hybrid system, the Speedtail is currently McLaren’s fastest car. It accelerates from 0 to 186 miles per hour in a breathtaking 13 seconds and boasts a top speed of 250 miles per hour.

    Inside the vehicle, the Speedtail boasts a driver-centric cockpit, featuring conveniently placed controls on the overhead console and two screens positioned for optimal driver convenience. The three-seat interior comfortably accommodates two additional passengers.

    This exceptional Speedtail on consignment boasts a range of bespoke options, totaling over $500,000 in value. It presents a striking MSO Kingfisher Blue exterior, accentuated by visual carbon fiber details. The unique wheel finishes, Aniline Vivid Blue and Navy interior with carbon fiber elements, and bespoke embroidery further enhance its exclusivity. With only 890 miles on the odometer and a single owner, this rare gem provides a remarkable opportunity to own one of the limited 106 Speedtails ever produced.

    Stay tuned for more exciting consignments to be revealed in the upcoming announcement for the Radius Auction at The Amelia.

    About Broad Arrow Group, a Hagerty Company:
    Broad Arrow Group, a Hagerty company, is a dedicated advisor, market maker, and financier catering to car collectors. With a strong commitment to integrity, trust, and innovation, Broad Arrow Group operates Broad Arrow Auctions, Broad Arrow Capital, and Collectors Garage. Headquartered in Grosse Pointe, Michigan, Broad Arrow Group is passionate about providing exceptional services to car enthusiasts. For further information, please visit broadarrowgroup.com.

    About Hagerty, Inc. (NYSE: HGTY):
    Hagerty is an automotive lifestyle brand deeply committed to preserving the joy of driving and fostering car culture for generations to come. As a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events, and customized automotive entertainment, Hagerty serves the 67 million Americans who proudly describe themselves as car enthusiasts. Hagerty’s reach extends to Canada and the U.K. and is home to the thriving Hagerty Drivers Club, an engaged community of over 800,000 passionate car aficionados. Embracing a purpose-driven approach, Hagerty Impact aims to champion positive change on matters significant to its teams, members, the broader automotive community, shareholders, and the planet at large. Connect with Hagerty via Facebook, Instagram, Twitter, and LinkedIn or visit www.hagerty.com for more details.

    For more information, visit newsroom.hagerty.com.

    Forward-Looking Statements:
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forward-looking statements include: (i) our ability to recognize the anticipated benefits of the subject of this press release; (ii) our ability to effectively compete within our industry and attract and retain members; and (iii) other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2023. Please read this press release in conjunction with our other press releases, reports, and SEC filings to fully understand our reported financial results and business outlook. We undertake no obligation to publicly update or review any forward-looking statement, except as required by law.

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