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HENRY CATCHPOLE TAKES TO THE TRACK IN RARE HONDA NSX-R IN SWEDEN AHEAD OF BROAD ARROW'S FIRST EUROPEAN AUCTION

1. Hagerty's Broad Arrow Auctions is hosting an auction for a rare NSX-R. 2. The NSX-R auction is set for May 24-25 at Villa d’Este. 3. This is the first NSX-R auction outside Japan in many years. 4. The NSX-R is highly sought after, with only 140 produced. 5. Hagerty aims to attract global interest in this luxury collector car.

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FAQ

Why Bullish?

The auction of a rare car like the NSX-R can enhance Hagerty's brand prestige and attract more collectors. Historical data shows unique auctions often boost stock performance as they elevate market interest in the company's activities.

How important is it?

The auction event represents a key branding and financial opportunity, reinforcing the strength of Hagerty's market position. Collectors' interest in rare vehicles can translate into higher engagement and potential sales increases for Hagerty.

Why Short Term?

The immediate auction event can lead to short-term stock fluctuations due to heightened interest. Usually, company stock tends to see immediate reactions during notable events or auctions.

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LONDON, England, May 08, 2025 (GLOBE NEWSWIRE) -- Extremely rare 2003 Honda NSX-R stars in latest Hagerty Henry Catchpole videoOne of less than 140 second-generation NSX-R models produced and the first to be available for public auction outside of Japan for many yearsVideo filmed on the historic Gelleråsen Arena circuit in Sweden, a track raced by motorsport legends Jack Brabham and Sir Stirling Moss Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, presents the latest collaboration by Hagerty and Henry Catchpole, in which the highly respected motoring journalist tackles a circuit in Sweden in the extremely rare second-generation Honda NSX-R. This very desirable 2000s supercar is one of 70 collector cars to be auctioned at the inaugural Broad Arrow Concorso d’Eleganza Villa d’Este Auction on 24-25 May. “The Honda NSX-R is a very rare sight, with most of the 140 produced remaining in their home market of Japan,” says Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region. “It was extremely exciting to see it being driven in the talented hands of Henry on the circuit in Sweden, showcasing this incredible example of Honda’s Type R lineage and engineering excellence. This was a once-in-a-lifetime opportunity to experience this great supercar on an unusual circuit and produce a film that all enthusiasts can truly enjoy.” The Gelleråsen Arena near Karlskoga in Sweden is not a circuit many will be familiar with, including Catchpole himself. However, with his usual instinctive style, he quickly learned the 2.35km-long track, which was created in 1949. Its history has witnessed non-championship Formula One races, Grand Prix motorcycle racing and more recently, the Swedish Touring Car Championship and Porsche Carrera Cup Scandinavia. Famous motorsport stars have competed there too, including Barry Sheene, Jack Brabham, Jim Clark and Sir Stirling Moss. On this occasion, the star was the Honda NSX-R, one of the most revered supercars of its era, with head-turning looks and impressive performance. The ultimate version of the iconic NSX was created to respond to powerful rivals from contemporary European sports car manufacturers, and Honda’s engineers successfully delivered. Its 3.2-litre VTEC V6 engine delivered 290hp, and the NSX-R proved its mettle when it matched the time of the Ferrari 360 Challenge Stradale on the Nürburgring Nordschleife. Introduced in 2002, exclusively for the Japanese market, the second-generation NSX-R perfectly epitomised the spirit of Honda’s Type R models, with every aspect of the NSX refined. It benefited from the extensive use of carbon fibre, including the world’s first one-piece hollow-form carbon fibre rear spoiler in a production vehicle. Significant upgrades were made to its aerodynamics and cooling, all contributing to its enhanced performance and exceptional high-speed stability. Less than 140 examples of the NA2 NSX-R were produced, making it a very rare supercar and a worthy star of Hagerty and Catchpole’s latest dramatic film. Broad Arrow is excited to present this very same 2003 Honda NSX-R for auction at its inaugural Concorso d’Eleganza Villa d’Este sale on 24-25 May. Finished in Championship White, it features an interior trimmed in red Alcantara and has been meticulously maintained by its owner in Sweden, with the odometer showing only 15,806km. “It is very unusual for a Honda NSX-R to be made available for public auction outside of Japan,” says Twyman. “We are therefore honoured to present this concours class-winning example at our Broad Arrow Concorso d’Eleganza Villa d’Este Auction. It is a perfect example of the incredible engineering and detail that Honda put into the NSX-R and we expect it to attract considerable interest among collectors around the world.” You can watch Henry Catchpole’s exhilarating experience with the Honda NSX-R on the Gelleråsen Arena circuit here. Collectors interested in bidding on this prestigious piece of Honda and Japanese performance car history are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK/Europe) or on +1 313 312 0780 (North America) or via email at info@broadarrowauctions.com. Further details and images available on request. Editors Notes 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 is launching its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy. 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 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 recognise the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2023. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for future periods. We do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law. 2003 Honda NSX-R featured in latest Hagerty Media Film starring Henry Catchpole 2003 Honda NSX-R to be offered at Broad Arrow Auctions' Concorso d'Eleganza Villa d'Este Auction 2003 Honda NSX-R featured in latest Hagerty Media Film starring Henry Catchpole Credit - Courtesy of Hagerty / Broad Arrow Auctions 2003 Honda NSX-R to be offered at Broad Arrow Auctions' Concorso d'Eleganza Villa d'Este Auction Credit - Courtesy of Hagerty / Broad Arrow Auctions

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