Russo and Steele Monterey Auction Tops 2015 Sales

Aug 29, 2016

Russo and Steele Collector Automobile Auctions this year outperformed its 2015 auction in total sales during Monterey, California’s world renowned collector car week events. The company reached $10.9 Million, almost $1 million more than 2015’s $10.1 million mark. 

“The additional revenue earned by Russo and Steele in Monterey in 2016 show that despite a particularly conservative marketplace, the segment we hold remains strong,” said Drew Alcazar, CEO of Russo and Steele. “Again, like in Scottsdale (this year), we have exceeded 2015’s results and are further evidenced that the real value of the Russo and Steele’s brand as one that is committed to producing growth, no matter external factors may exist. It also articulates that our enthusiast driven approach of cars and camaraderie is striking a cord with both collectors and spectators alike.”

Some of Russo and Steele’s most notable Monterey sales included:

  • 1955 Mercedes-Benz 300 SL-$1,050,105
  • 2004 Ford GT Prototype-$836,000
  • 1993 Jaguar XJ220-$435,000
  • 2014 Mercedes Benz SLS Black Series-$418,000
  • 2009 Ferrari 16M-$355,000
  • 1970 Ferrari 365 GT 2+2-$346,500
  • 1988 Lamborghini Countach-$321,750
  • 1957 Porsche 356-$250,000
  • 2000 Ferrari 550-$194,700
  • 1955 Facel-Vega FV1-$181,500

Next, Russo and Steele returns to the high desert of Scottsdale, Arizona for its flagship event, set for Jan. 18-22.