“Race on Sunday, Sell on Monday”, Broad Arrow Presents The ex-Jochen Mass 1976 McLaren M23, Chassis M23-12, Available for Purchase via Broad Arrow Private Sales

Grosse Pointe, MI, May 13, 2024 (GLOBE NEWSWIRE) -- Broad Arrow Private Sales, a Hagerty Company, is thrilled to present the 1976 McLaren M23, chassis M23-12, a rare example of one of the most celebrated chassis to have come out of the McLaren Grand Prix factory, now available for purchase offered by Broad Arrow Private Sales, with pricing available upon request. An exquisite machine, it was driven exclusively in period by Jochen Mass in six Grand Prix events and includes points finishes in Spain and Monaco and a 2^nd place finish in Sweden. Complete with an unblemished, continuous history from new and documented by 1970s Formula One authority Allen Brown, it was recently race-proven in historic competition, sold with a zero-hour Ford DFV engine, a valid FIA HTP, and offered with a comprehensive spares package. Notably, the McLaren is a highly competitive entry as the youngest eligible car for Serie E (1973-1976) at the Grand Prix de Monaco Historique. 

Joe Twyman, Director and Head of UK and EU Consignments for Broad Arrow states, “The mighty McLaren M23 was formidable in period and today it remains one of the best historic Formula One race cars one can compete with. Their availability is scarce, and this car presents a rare opportunity to buy a race-ready McLaren with an exciting period history from this fabled period. Whether you are a racer or collector, this car offers it all.’

This car, M23-12, the penultimate car of the 13 built and the last M23 built for “works” use, was introduced for Jochen Mass to use at the 1977 US Grand Prix West held at Long Beach in California. A disappointing qualifying and retirement at just before half distance cut the debut short but the following round at Jarama in Spain was far more fruitful for the German. Starting in 9^th position he battled his way up to fight the Wolf WR1 of Jody Scheckter for the final spot on the podium, narrowly missing out with the pair finishing less than 3 tenths apart as they crossed the line. 

Monaco saw another points finish with a 4^th place for Mass and at the following race in Belgium M23-12 briefly lead before retiring with an engine failure. The 1977 Swedish Grand Prix represented the best result for M23-12 with Mass coming within eight seconds of winning the Grand Prix and taking a fine podium with a 2^nd place finish. With the introduction of the M26, the final race for chassis number 12 was at the French Grand Prix where Mass finished in 9^th place. 

In its current ownership M23-12 has enjoyed a no-expense-spared approach to preparation and has been campaigned competitively across Europe in the FIA Masters Formula One Series. The car was also invited to the McLaren 60^th Anniversary celebrations at the Goodwood Festival of Speed, where it represented the marque in their dedicated class. Most recently, the car was raced at the Grand Prix Historique de Monaco 2024 where it achieved a fantastic fourth-place finish hence the “Race on Sunday, Sell on Monday” expression.

Looked after by respected experts Hall & Hall in the UK, the car has a Geoff Richardson Ford-DFV engine which has just been refreshed to the tune of over £30,000, leaving any prospective buyer with a turn-key Grand Prix car to enjoy the balance of the 2024 race season and beyond. It is also offered with a handsome package of spares to include wheels, bodywork, wishbones, shock absorbers, and a host of running spares. 

Provenance

1976-1978 Bruce McLaren Motor Racing Ltd   

1978-1986 Harley Cluxton, USA  

1986-2007 Steve Earl, USA  

2007-2015 Richard Griot, USA  

2015-2020 David Clark, UK  

2020-Current Owner, UK 

1977 Race History 

USA GP West Long Beach, Jochen Mass, DNF 

Spanish GP, Jarama, Jochen Mass, 4th  

Monaco GP, Monte Carlo, Jochen Mass, 4^th

Belgian GP, Zolder, Jochen Mass, DNF  

Swedish GP, Anderstorp, Jochen Mass, 2nd  

French GP, Dijon-Prenois, Jochen Mass, 9th  

British GP, Silverstone, Jochen Mass – Practice only  

German GP, Hockenheim, Jochen Mass- Practice only 

Austrian GP, Österreichring, Jochen Mass, Practice only  

The McLaren M23 is offered exclusively by Broad Arrow Private Sales; the car is available for inspection by appointment by coordinating directly with Joe Twyman (jtwyman@hagerty.com) or via his mobile at +44 7843 000952.

Photo Credits: All modern photography courtesy of Broad Arrow/Jordan Butters, all historic photography courtesy of Motorsport Images, All Modern Monaco Imagery, Ian Skelton Photography

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 on Facebook, Instagram, Twitter, LinkedIn, and YouTube.

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 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.

Attachments

• Jochen Mass at Speed in the M23 at the 1977 Monaco Grand Prix
• The M23 as Photographed at the 2024 Monaco Historics

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