Photos: Russo and Steele Auction Reaches $20 Million

Feb 9, 2016

*See images of the auctioned rides by clicking the gallery below

Russo and Steele Collector Automobile Auctions latest sale in Scottsdale, Arizona reached $20.7 million. The company offered 723 lots with 520 hammering sold, representing a sell-through rate of 72 percent, which was 7-percent better than the same sale last year, according to Russo and Steele.

Some of Russo and Steele’s most notable Scottsdale sales include:

  • 2003 Saleen S7 Coupe-$387,750
  • 1973 Ferrari Dino 246 GTS Spyder-$374,000
  • 2005 Ford GT-$341,000
  • 1963 Ferrari 250 GTE 2+2-$324,500
  • 1970 Oldsmobile 442 W-30 Convertible-$308,000
  • 1990 Lamborghini Countach-$275,000
  • 1968 Dodge Hemi Charger-$242,000
  • 1965 Ferrari 330 GT 2+2 “Shark Nose”-$225,500
  • 1966 Shelby GT350 Fastback-$192,500
  • 1988 Ferrari Testarossa-$181,500

“This year, we didn’t rely on a multitude of multi-million dollar and/or high-profile celebrity-type cars with stories attached, yet we still produced positive numbers universally across the board, which is something only Russo and Steele achieved during this year’s events,” said Drew Alcazar, Russo and Steele CEO. “It demonstrates that our clients greatly appreciate the customer service focused philosophy of cars and camaraderie. In addition, they are becoming more astute, more educated and more sophisticated, appreciating our unique auction experience.”

Russo and Steele next sets sight on its return to California for the June 10-12 fourth annual Newport Beach Auction, and the Aug. 18-20 16th annual Monterey Auction.