Miami, Might 20th, 2021 – Motorsport Community has acquired Hammer Value, a pioneering collector automotive pricing software and public sale information aggregator, presenting a brand new enterprise answer for shoppers, the primary and solely strategy to comply with a number of worldwide automotive auctions in a single streamlined format on a smartphone or pill offering complete information insights for automotive collectors, sellers and fanatics worldwide. This comes as latest reporting suggests rising curiosity in collectible vehicles worldwide.
For devoted collectors and sellers, Hammer Value presents an unmatched expertise with intricate hand-crafted public sale information in real-time and a powerful attain as the biggest supply for worldwide collector automotive public sale outcomes. The platform gives customers the flexibility to view and comply with a number of automotive auctions concurrently. With year-round reporting, customers can reference deep historic information on previous gross sales, preview upcoming auctions, and obtain custom-made alert notifications on autos of curiosity. Public sale outcomes immediately replace as every automotive crosses the block. The superior pricing software options full ultimate gross sales outcomes with purchaser premiums and it seamlessly converts USD pricing into foreign exchange, with multi-language integration to comply with shortly.
Hammer Value joins Motorsport Community’s Pushed Way of life division together with the just lately introduced duPont Registry acquisition. The brand new division is the fruits of the tradition, group and commerce of the world’s luxurious and traditional automotive life-style in a single ecosystem. The Pushed Way of life portfolio options Canossa Occasions, synonymous with excellence in highway touring, that organizes practically 270+ marquee experiences per 12 months for driving fanatics. A part of Canossa Occasions, Cavallino is a preeminent media and concours occasions firm, internet hosting landmark occasions for high-end automotive collectors and admirers such because the thirtieth Annual Palm Seashore Cavallino Basic. Hammer Value is positioned as an ideal match with Cavallino, which has established a strong community of content material serving a worldwide Ferrari group. The brand new Hammer Value web site will profit from the cross-promotion and integration inside the Pushed Way of life division. Moreover, with FerrariChat, the main world social platform and foremost voice on Ferrari, with 20+ years of expertise connecting 200K engaged registered members, Hammer Value has direct entry to a extremely engaged and educated Ferrari viewers.
Harley Cluxton IV, present proprietor of Hammer Value, will proceed to work with the enterprise, becoming a member of Motorsport Community as Product Supervisor for the service. Leveraging Motorsport Community’s world viewers attain, Cluxton will oversee the launch of the brand new Hammer Value platform, elevating the service from an app-only product to a various portfolio of built-in options.
The brand new enterprise grows Motorsport Community’s attain within the Automotive sector, increasing their experience and data to a brand new viewers. The invaluable information on high-end luxurious and traditional vehicles public sale historical past cataloged by Hammer Value offers an unimaginable alternative for Motorsport Community to supply automotive gathering to extra shoppers, by way of their 56-million+ month-to-month customers, and acquire enchantment to a brand new set of potential companions and enterprise associates.
Harley Cluxton IV of Hammer Value mentioned: “I’m wanting ahead to becoming a member of the workforce at Motorsport Community. I consider of their imaginative and prescient for Hammer Value and its pivotal position within the growth of the corporate’s portfolio. Motorsport Community’s highly effective ecosystem of upmarket luxurious and collector automotive automotive companies offers the optimum stage for progress.”
Nik Komarov, VP of Enterprise Growth, Motorsport Community mentioned: “We welcome Harley Cluxton IV to Motorsport Community, and consider the acquisition gives probably the most data-rich insights into traditional automotive public sale historical past. Motorsport Community intends to launch a brand new web site and provide new options and options to the present expertise enabling sellers and automotive collectors with a higher understanding of the market worth of traditional vehicles.”
For extra info, please contact:
Ravi Pankhania, Motorsport Community – Ravi.Pankhania@motorsport.com
About Motorsport Community
Each month over 56 million devoted customers go to a Motorsport Community digital property, to purchase, to be taught, to be entertained, or just to feed their ardour for vehicles and racing.
We sit on the coronary heart of the Racing and Automotive industries and supply authoritative thought management in addition to distinctive experiences to our prospects. We take them on a buyer journey that encompasses information and insights, occasions, tickets, video games and esports, so we leverage the community impact so as to add worth to their expertise. We use our inhouse know-how and trendy information instruments to constantly take a look at, be taught, and enhance. Our processes, content material creation and merchandise are always evolving to raised serve our viewers.
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Ahead-Wanting and Different Cautionary Statements
Completion of Motorsport Community’s acquisition of duPont Registry stays topic to customary closing situations that are set forth within the events’ definitive written buy settlement, which closing is anticipated to happen in 2021. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Phrases comparable to “proceed,” “will,” “could,” “may,” “ought to,” “count on,” “anticipated,” “plans,” “intend,” “anticipate,” “consider,” “estimate,” “predict,” “potential,” and related expressions are meant to establish such forward-looking statements. All forward-looking statements contain vital dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, a lot of that are typically outdoors the management of Motorsport Community and are troublesome to foretell. Examples of such dangers and uncertainties embody, however aren’t restricted to, whether or not all situations precedent in Motorsport Community’s definitive settlement to accumulate duPont Registry will probably be happy, whether or not the closing of such acquisition will happen, what the final word impression of the continuing and extended COVID-19 pandemic could have on Motorsport Community and its outcomes of operations and monetary situation and whether or not Motorsport Community will obtain its targets, together with as to the Firm’s plans to broaden its portfolio and as to its future enterprise progress. Extra examples of such dangers and uncertainties embody, however aren’t restricted to (i) Motorsport Community’s potential (or incapability) to keep up and/or broaden the Drive Way of life portfolio; (ii) Motorsport Community’s potential to efficiently handle and combine any joint ventures, acquisitions of companies, options or applied sciences; (iii) unanticipated working prices, transaction prices and precise or contingent liabilities; (iv) the flexibility to draw and retain certified staff and key personnel; (v) opposed results of elevated competitors on Motorsport Community’s enterprise; (vi) the chance that adjustments in shopper conduct may adversely have an effect on Motorsport Community’s enterprise, outcomes of operations and/or monetary situation; (vii) Motorsport Community’s potential to guard its mental property; and (viii) native, business and common enterprise and financial situations. Elements apart from these referred to above may additionally trigger Motorsport Community’s outcomes to vary materially from anticipated outcomes. Motorsport Community anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to alter. Motorsport Community assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as expressly required by legislation. Ahead-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Motorsport Community’s plans and expectations as of any subsequent date. Moreover, the enterprise and monetary supplies and every other assertion or disclosure on, or made out there by way of, Motorsport Community’s web sites or every other web sites referenced or linked to this press launch shall not be included by reference into this press launch.