Broad Arrow’s first European sale at the Concorso d’Eleganza Villa d’Este made a remarkable impression. The 1948 Ferrari 166 Spyder Corsa set a new record, achieving an exceptional price of €7.54 million. This sale demonstrated the growing demand for vintage Ferraris and rare collectible cars. Enthusiasts worldwide followed the event, witnessing impressive bids and a strong turnout.
The 1948 Ferrari 166 Spyder Corsa is one of the most original early Ferraris, retaining its historic appeal. It is among two specially commissioned 166 Spyder Corsas, recognized for its prestigious racing history. The car competed in legendary events such as the Mille Miglia and Targa Florio, adding to its allure.
Engine and Performance Highlights of the 1948 Ferrari 166 Spyder Corsa
Powered by a 2.0-litre V12 engine, the Ferrari 166 Spyder Corsa delivers approximately 140 horsepower. Its lightweight chassis and superior handling made it a fierce competitor in classic endurance races. This performance, combined with its rarity, contributes to the vehicle’s exceptional value and historic importance.
Broad Arrow’s Concorso d’Eleganza sale featured over 70 vehicles, including modern classics and highly collectible models. Among the highlights were a 2003 Honda NSX-R, which achieved a record-breaking price of €934,375, and a BMW-only sale that featured a 1980 BMW M1 Procar that sold for €602,500.
The event attracted bids from around the globe, reflecting the strong enthusiasm for both historic and modern collectible cars. Broad Arrow plans to continue its European presence, with the next sale scheduled at the Monterey Jet Center in August 2025.
Key Highlights from Broad Arrow’s Concorso d’Eleganza Sale
The auction saw 78% of lots sold, reaching a total sales value of over €31 million. Alongside the Ferrari 166 Spyder Corsa, other notable sales included a 1954 Siata 208S Motto Spider at €1.75 million and a 1989 Ferrari F40 Competizione at €2.31 million. These results reinforce the demand for both vintage and contemporary classics among collectors.
Broad Arrow’s success is attributed to careful curation and strong partnerships, including BMW AG as an official partner. The company’s focus remains on presenting exceptional vehicles that appeal to collectors worldwide.
Summary
- 1948 Ferrari 166 Spyder Corsa sets new record at €7.54 million
- 78% of lots sold, totaling over €31 million in sales
- 2003 Honda NSX-R achieves record price of €934,375
- BMW-only sale features 1980 BMW M1 Procar at €602,500
- Event marked Broad Arrow’s first European sale success
- Next sale planned for Monterey Jet Center in August 2025
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
Source: Broad Arrow Auctions
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