1913 Mercer 35-J Raceabout with Single Family Ownership Since 1959 Highlights Brass Era Brilliance at the Upcoming Broad Arrow Monterey Jet Center Auction
July 12 2024 - 12:05PM
1913 Mercer 35-J Raceabout with Single Family Ownership Since
1959 Highlights Brass Era Brilliance at the Upcoming Broad Arrow
Monterey Jet Center Auction
GROSSE POINTE, Michigan, July 12, 2024 – Broad Arrow
Auctions, a Hagerty (NYSE: HGTY) company, is thrilled to announce
the consignment of a truly spectacular motor car in
the 1913 Mercer 35-J Raceabout, estimated at $2,500,000
- $3,000,000 to its 2024 Monterey Jet Center Auction this August 14
and 15. Emerging from long-term hibernation only recently, the 1913
Mercer is unique in that it has been in the care of its current
owner’s family since 1959, undoubtedly one of the longest-known
tenures in Raceabout ownership history. As one would expect with
any ownership of that length, the Mercer is accompanied by a wealth
of documentation, personal correspondence, historical photography,
and family memories from their six-decade-long stewardship – all
making this one very special and unique example and virtually
peerless among its contemporaries, with known history back to
new.
David Swig, Senior Car Specialist, states, “In all of my
years of being a car specialist, I have never had the pleasure of
being involved with a car quite like the Mercer. It is a car which
exudes the excitement of the early motoring age -- a remarkable
example that has survived for more than 110 years. Today, it
remains a breathtaking, exhilarating motor car that is as much a
testament to the manufacturer’s superior original engineering but
also to its fastidious care and preservation by the family that has
owned it since 1959. On behalf of my colleagues at Broad Arrow, I
can say with authority how excited we all are to feature and
highlight this most important Brass Era motor car at the 2024
Monterey Jet Center Auction.”
The mighty Mercer Raceabout has long been celebrated as one of
the ultimate examples among all automobiles of the Brass Era.
Considered to predate the Ferrari GTO as the contemporary sports
car of its kind by about five decades, today, Mercers, and most
specifically, Raceabouts, remain one of the most sought-after of
all Brass Era motor cars as a result. They represented one of
America’s first true sports cars, setting new standards for
performance and engineering. The occasion for their availability is
incredibly scarce with few examples changing hands on the open
market. The availability of this Mercer Raceabout after
65 years of single-family ownership is truly remarkable we look
forward to presenting this outstanding piece of automotive history
at the 2024 Monterey Jet Center Auction.
Broad Arrow Auctions is also pleased to announce a date change
for this year’s Monterey auction as, for the first time, the
Motorlux event will serve as the backdrop for a selected offering
of approximately 40 cars to be auctioned on Wednesday evening, the
14th, with the auction beginning at 5:30 pm. The auction will
continue Thursday, the 15th with the sale beginning at 3:00
pm. Please visit the Broad Arrow website for additional
information on the upcoming auction and to purchase Motorlux
tickets directly, please visit the
Motorlux website directly.
About Broad Arrow, a Hagerty Company - Broad Arrow, a
Hagerty (NYSE: HGTY) company, is an advisor, market maker, and
financier for car collectors with a commitment to integrity, trust,
and innovation. Broad Arrow operates Broad Arrow Auctions, Broad
Arrow Capital, and Broad Arrow Private Sales (formerly Collectors
Garage) and is headquartered in Grosse Pointe, Michigan. For
more information, please visit connect with us on Facebook,
Instagram, Twitter and LinkedIn.
About Hagerty, Inc. (NYSE: HGTY) - Hagerty is an
automotive enthusiast brand committed to saving driving and 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 UK and is home to Hagerty Drivers Club,
a community of more than 800,000 who can't get enough of cars. As a
purpose-driven organization, Hagerty Impact aims to be a catalyst
for positive change across the issues that matter most to our
teams, our members, the broader automotive community, our
shareholders and the planet at large. For more information, please
visit www.hagerty.com or connect with us
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Press materials can be found at 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 compete
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- 1913 Mercer 35-J Raceabout
- 1913 Mercer 35-J Raceabout
Ian Kelleher
Broad Arrow Auctions
917-971-4008
ian.kelleher@broadarrowgroup.com