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BROAD ARROW AUCTIONS TO OFFER EXTREMELY RARE GORDON MURRAY AUTOMOTIVE T.50 VIA LIVE AUCTION DURING THE CALIFORNIA MILLE

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Broad Arrow Auctions (HGTY) will offer a 2025 Gordon Murray Automotive T.50 (chassis 009) at a live charity auction on April 21, 2026 in Paso Robles, California during the California Mille.

The bespoke Reef-finish T.50 shows 27 miles, is one of 100 built, and is estimated at $8–10 million; proceeds will benefit the CHP 11-99 Foundation and McPherson College.

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News Market Reaction – HGTY

+0.09%
1 alert
+0.09% News Effect

On the day this news was published, HGTY gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Auction date: April 21, 2026 Production run: 100 cars Odometer: 27 miles +5 more
8 metrics
Auction date April 21, 2026 Live single-car auction at Allegretto Vineyard Resort
Production run 100 cars Total Gordon Murray Automotive T.50 production
Odometer 27 miles Delivery mileage on T.50 chassis number 009
Engine displacement 3.9 liters Cosworth GMA V-12 engine size
Horsepower 661 hp Output of the T.50’s V-12 engine at 11,000 rpm
Max engine speed 12,100 rpm Redline for the Cosworth GMA V-12
Rear fan size 400 mm Diameter of the rear-mounted aerodynamic fan
Auction estimate $8,000,000–$10,000,000 Expected hammer range for the 2025 T.50

Market Reality Check

Price: $10.29 Vol: Volume 179,424 is modestl...
normal vol
$10.29 Last Close
Volume Volume 179,424 is modestly below the 20-day average of 204,511 (relative volume 0.88x). normal
Technical Shares at 11.11 trade below the 200-day MA of 11.68, about 20.64% under the 14.00 52-week high and 35.16% above the 8.2201 52-week low.

Peers on Argus

HGTY was down 2.2% while key insurance peers like WTM, MCY, SIGI, and KMPR showe...

HGTY was down 2.2% while key insurance peers like WTM, MCY, SIGI, and KMPR showed gains between 0.67% and 2.14%; only LMND declined, and more sharply at -4.61%, pointing to stock-specific trading rather than a sector-wide move.

Common Catalyst Only peer headline today relates to LMND’s upcoming earnings date, suggesting no shared catalyst with HGTY’s auction-focused news.

Historical Context

5 past events · Latest: Apr 07 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Apr 07 Porsche auction lineup Positive +0.2% Preview of April 25 Air|Water auction with high-value Porsche and RUF lots.
Mar 27 Ferrari Monza offering Positive -2.4% Announcement of rare Ferrari Monza SP2 consignment at Villa d’Este auction.
Mar 12 Record Amelia sales Positive +4.5% Report of $111M Amelia sales and 92% sell-through with record-setting lots.
Mar 09 Largest auction to date Positive -2.7% Announcement of Broad Arrow’s largest auction at Amelia with $111M total.
Mar 07 Amelia day-two results Positive -2.7% Closure of Amelia auction at $107M+ led by record Lamborghini Miura sale.
Pattern Detected

Positive auction-related headlines often coincide with mixed to negative next-day moves; strong Amelia auction results saw both gains and notable selloffs.

Recent Company History

Over the past month, HGTY-linked Broad Arrow announcements have focused on headline auctions and record results. In early March, Amelia Concours auctions delivered totals of $107M+ and then $111M, with a top Ferrari Enzo lot at $15,185,000 and multiple world records, yet shares moved between about -2.73% and +4.49%. Subsequent announcements, including a rare Ferrari Monza SP2 offering and the April 25 Air|Water Porsche sale with 50+ cars, also produced small, mixed price reactions. Today’s T.50 offering fits this pattern of premium auction news amid non-uniform stock responses.

Market Pulse Summary

This announcement highlights Hagerty’s Broad Arrow unit securing a highly visible, single-car sale o...
Analysis

This announcement highlights Hagerty’s Broad Arrow unit securing a highly visible, single-car sale of a Gordon Murray Automotive T.50, estimated between $8,000,000 and $10,000,000, and tied to the California Mille event. It follows a string of record auction results, including totals of over $107M and $111M at Amelia. Investors tracking the story may watch execution on these flagship auctions, the strength of consignor demand for ultra-rare cars, and ongoing insider equity activity disclosed in recent Form 4 filings.

Key Terms

naturally aspirated, aerodynamics, chassis, odometer
4 terms
naturally aspirated technical
"3.9-liter Cosworth GMA V-12 naturally aspirated engine produces 661 horsepower"
An engine described as naturally aspirated draws air into its cylinders using only the pressure difference created by the moving pistons, without help from devices like turbochargers or superchargers. For investors, this matters because such engines often have simpler designs, different fuel efficiency and performance traits, and lower manufacturing or maintenance costs—factors that affect product pricing, warranty expenses and consumer demand much like choosing a manual versus an automatic tool impacts reliability and upkeep.
aerodynamics technical
"boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram"
Aerodynamics is the science of how air flows around objects and how that flow affects their movement, stability and energy use — think of air sliding around a car like water flowing past a stone. For investors, aerodynamic design influences fuel efficiency, performance, safety and operating costs in sectors such as aerospace, automotive and wind energy, which can affect profitability, market competitiveness and regulatory compliance.
chassis technical
"The car on offer ... on the California Mille, chassis number 009, is a U.S.-market"
Chassis is the underlying frame or platform that holds a product’s components together — commonly used for vehicles, servers, telecom equipment and other hardware. Investors care because a well-designed chassis can lower manufacturing costs, simplify upgrades, and speed new products to market; like a building’s foundation, it determines how easy and cheap it is to renovate, affects durability, and shapes long-term margins and supply-chain risk.
odometer technical
"T.50 chassis number 009 is offered with a mere 27 miles on its odometer,"
A device that records the total distance a vehicle has traveled, shown as mileage on the dashboard; it can be mechanical or electronic and acts like a running tally of use. Investors care because mileage is a straightforward indicator of wear, maintenance needs, resale value, warranty exposure and potential fraud; like a watch for a machine, it helps estimate future repair costs, depreciation and regulatory or liability risks tied to vehicle condition.

AI-generated analysis. Not financial advice.

Special single-car live auction set for April 21 at the Allegretto Vineyard Resort in Paso Robles, California, a stop along the journey of the celebrated California Mille tour | The 2025 Gordon Murray Automotive T.50 on offer is one of 100 examples built of “the world’s greatest driver’s car”, in bespoke Reef finish and showing just 27 delivery miles | A portion of proceeds from the sale of the rare supercar will benefit the California Highway Patrol 11-99 Foundation and McPherson College | Learn more about the T.50 and register to bid at broadarrowauctions.com

Grosse Pointe, Michigan, April 10, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to present a unique opportunity—the first North American public auction of a Gordon Murray Automotive T.50. This very special single-car live auction is set for April 21 at the Allegretto Vineyard Resort in Paso Robles, California, a stop along the journey of the celebrated California Mille tour, driven by Hagerty

A portion of proceeds from the sale of this incredibly rare supercar will benefit both the California Highway Patrol (CHP) 11-99 Foundation, which provides emergency assistance to California Highway Patrol employees and their families, as well as McPherson College’s renowned Automotive Restoration Program in honor of its 50th anniversary.

Designed and built to be the world’s greatest driver’s car, the Gordon Murray Automotive T.50 captured Top Gear’s Hypercar of the Year Award in 2023, when it was proclaimed “the best driver’s car in the world”. As the next astonishing supercar from the creator of the McLaren F1, the T.50 did not disappoint. The complete production run of just 100 cars was fully allocated ahead of its global premiere in August 2020, where the car’s incredible performance statistics were revealed: its 3.9-liter Cosworth GMA V-12 naturally aspirated engine produces 661 horsepower at 11,000 rpm with a maximum engine speed of 12,100 rpm. That power is driven through a six-speed manual transmission and boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram dry weight. 

In a call-back to one of Gordon Murray’s most famous and short-lived technical inventions, the T.50 was designed with an integrated rearward-facing fan much the same as the 1977 Formula One Brabham BT46 “Fan Car.” All told, the 400-mm rear-mounted fan boosts underbody ground effect by 50 percent and provides a sense of technical and styling drama to a silhouette bereft of a deep front splitter, noticeable air ducts, and large wings. 

Aesthetically, the T.50 boasts simple design, attention to detail, and of course, Gordon Murray’s signature center-seat layout. The car on offer at Broad Arrow’s unique auction on the California Mille, chassis number 009, is a U.S.-market example in bespoke Reef finish with satin and gloss carbon exterior details, complemented by Graphite Gloss wheels. The glass roof option was selected, and inside, the center driver’s seat is upholstered in Dune leather while both passenger-side seats were selected in Thruxton Blue leather and Athol Blue Alcantara. The motorsport-inspired dashboard is covered in matching Athol Blue Alcantara with Chromite Black leather atop the gauge pod.

“The T.50 is a supercar that not only was collectible before it was even built, but one that will go down in automotive history as a defining technological tour de force, much like its predecessor, the McLaren F1,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow. “All GMA models have been fully allocated ahead of their release, with the T.50 being the only model built while legendary F1 designer Gordon Murray had complete control of the company. We’re honored to present one of the most important road cars of the 21st century, and arguably the world’s greatest driver’s car, on the California Mille, an event that celebrates passion for driving on some of the country’s most beautiful roads.”

T.50 chassis number 009 is offered with a mere 27 miles on its odometer, reflective of light testing and delivery. The car is accompanied by a full complement of original delivery accessories, including a four-piece fitted luggage set, a serialized tool chest, a diagnostics tablet computer, two keys, owner’s manuals, and a photo album documenting the assembly of chassis 009. The T.50 is estimated to bring $8,000,000 to $10,000,000.

Renowned race car driver, restorer, and collector, Bruce Canepa, alongside noted collector and founding board member of the CHP 11-99 Foundation, Bruce Meyer, will introduce the T.50, and Auctioneer Eli Rodriguez will conduct the bidding at the Allegretto Vineyard Resort. This year’s California Mille pays special tribute to the Gordon Murray Automotive T.50, with five examples set to participate. The winning bidder of chassis 009 is invited to drive the car on the remainder of the tour following the sale on April 21, joining an exclusive club of nearly unobtainable ownership and otherworldly performance.

In-person, absentee, and telephone bidding will be available on the 2025 Gordon Murray Automotive T.50. A complete catalog listing on the car as well as bidder registration is available at broadarrowauctions.com. Interested bidders are invited to speak with a Broad Arrow car specialist by emailing info@broadarrowauctions.com or by calling +1-313-312-0780.

Editor’s Notes 

Photo Captions/Credits: All images of the 2025 Gordon Murray Automotive T.50 are by Patrick Ernzen/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on InstagramFacebookLinkedIn, and X

About Hagerty, Inc. (NYSE: HGTY) 

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

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 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.

Attachments



Ian Kelleher
Broad Arrow Auctions
+1 917-971-4008
ikelleher@hagerty.com

Meghan McGrail
Broad Arrow Auctions
+1 519-365-8750
mmcgrail@hagerty.com

FAQ

When and where will Broad Arrow Auctions (HGTY) offer the Gordon Murray Automotive T.50 chassis 009?

The live auction will occur on April 21, 2026 at Allegretto Vineyard Resort in Paso Robles, California. According to Broad Arrow Auctions, the sale coincides with the California Mille tour stop and includes in-person, absentee, and telephone bidding.

What are the key specifications and condition of the 2025 T.50 being sold by Broad Arrow Auctions (HGTY)?

The 2025 T.50 is one of 100 cars, powered by a 3.9L Cosworth V12 producing 661 hp, and weighs under 1,000 kg. According to Broad Arrow Auctions, chassis 009 shows just 27 delivery miles and includes original accessories.

How much is Broad Arrow Auctions (HGTY) estimating for the sale price of the Gordon Murray T.50?

The T.50 is estimated to sell for $8,000,000 to $10,000,000. According to Broad Arrow Auctions, this estimate reflects the model's one-of-100 rarity, bespoke specification, and low mileage.

Will proceeds from the Broad Arrow Auctions (HGTY) sale of the T.50 support charities and which ones?

Yes. A portion of proceeds will benefit the CHP 11-99 Foundation and McPherson College. According to Broad Arrow Auctions, the donation supports CHP employee assistance and McPherson’s Automotive Restoration Program anniversary.

Can the winning bidder drive the Gordon Murray T.50 after purchase at the Broad Arrow Auctions (HGTY) California Mille sale?

Yes. The winning bidder is invited to drive chassis 009 on the remainder of the California Mille tour after the sale on April 21. According to Broad Arrow Auctions, this offers immediate touring access post-auction.