Discover the 1948 Ferrari 166 Spyder Corsa at Broad Arrow’s Concorso d’Eleganza Villa d’Este Auction
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is excited to announce the consignment of the highly esteemed 1948 Ferrari 166 Spyder Corsa, considered one of the most original early Ferrari models, to its first Concorso d’Eleganza Villa d’Este Auction. This remarkable vehicle, never before available for public sale and estimated between €5.5 million and €7.5 million, was one of the first purchases by the Besana brothers, among Ferrari's initial clientele. The Spyder Corsa, chassis 004 C, boasts a sixth-place finish at the 1948 Targa Florio and participated in the 1948 and 1949 Mille Miglia races. It also competed in period Formula Two races and hill climbs.
Accompanied by Ferrari Classiche White Book certification, this car maintains its original body, chassis, 2.0-liter V12 engine, and five-speed racing gearbox. It has been under the stewardship of one family from 1965 to 2015, and its remarkable provenance is well-documented through multiple in-depth articles. The car has garnered several awards, including a 2004 Pebble Beach Concours d’Elegance class award, and has been displayed at Pebble Beach as part of Casa Ferrari in 2019 and 2022. Additional accolades include a Best of Show at the 2003 FCA National Meet and Platinum Awards from both Cavallino and FCA and being a featured car at the 2006 Cavallino Classic.
Barney Ruprecht, VP of Auctions at Broad Arrow, expresses his enthusiasm, "Presenting the 1948 Ferrari 166, chassis 004 C, at our first Italian auction this May at the Concorso d’Eleganza Villa d’Este is a privilege. This car is not just a significant piece of Ferrari's history but a cornerstone that represents the illustrious legacy of the brand."
In partnership with BMW AG, Broad Arrow is set to host its first European auction at the renowned Concorso d’Eleganza Villa d’Este. The auction will feature 70 high-quality collector cars, providing a premium experience on the shores of Lake Como. Broad Arrow is proud to welcome Thomas Forrester, one of the UK’s top auctioneers, to the Concorso d’Eleganza Villa d’Este podium this spring. With extensive experience from Phillips and Bonhams and over 20 years running his Specialist Collectors Auctioneers, Thomas has become a prominent figure in global charity events and auctions, including significant occasions for the Royal Commonwealth Society. His expertise was previously showcased at Broad Arrow’s successful inaugural Porsche Air|Water Auction in April 2024.
