Alain Squindo, 37

In early March this year, when Alain Squindo returned to Grosse Pointe from The Amelia, a Concours d’Elegance classic car show near Jacksonville, Fla., he says he felt affirmed in the conviction that had led to launching Broad Arrow Group with partners in 2021. Broad Arrow had just presented The Amelia’s official collector-car auction as a fine-art experience.

“We did $31 million in sales, which we’re very pleased with, set a number of new world records, and are really, really happy with how things turned out,” Squindo says. Hot auction tip: Squindo suggests considering cars desired by “young-timers,” such as the 1991 Mercedes-derived AMG 6.0 “Hammer” coupe, which sold at The Amelia for $885,000, including fees.

On top of that, Broad Arrow announced its next auction will be June 10 at the Porsche Experience Center in Atlanta, as the official auction for Porsche’s 75th anniversary. “So that’ll be a lot of fun, as well,” he says. “We’re off to a pretty strong start.”

Formed by a group of RM Sotheby’s alumni, Broad Arrow was acquired in 2022 by Hagerty, the specialty insurance provider and automotive lifestyle brand from

Traverse City. After an early stake of 40 percent, Hagerty took the remaining 60 percent of Broad Arrow last August in a $64.8-million stock transaction.

“We had a vision for wanting to be the premier marketplace for car enthusiasts,” Squindo says. He explains that Broad Arrow focuses on private sales, financing, and auctioneering high-end classic cars. “It forms part of Hagerty’s Marketplace, which also offers live auctions,” he adds.

Squindo is a Swiss-American whose family moved to Miami when he was 10 years old. His father and grandfather were car enthusiasts. “This industry really and truly is all I ever wanted to do,” he says. At Georgetown University in Washington, D.C., he combined his love of history with inspiration from David E. Davis Jr., the automotive editor, and wrote auction catalog entries.

He met his wife, Sunny, a Grosse Pointer, at Georgetown, and it was he who instigated the move back to Michigan. “Being in the classic car space and surrounded by automotive history, and the remnants, there’s no more perfect place for me to be, personally and professionally.”

Ronald Ahrens