Russo and Steele Scottsdale Auctions 2017
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Scottsdale AZ, Jan 26 2017 – With incredible fanfare surrounding the success of their new venue at Salt River Fields at Talking Stick still ringing clear, Russo and Steele Collector Automobile Auctions earlier today announced market leading sales results with early totals reaching $22.1 Million on 780 lots offered with 606 hammering sold. This represents an impressive sell through rate of 78%, helping the auction company’s Scottsdale numbers grow 7 figures over 2016’s previously impressive showing. This not only continues to demonstrate Russo and Steele’s firm position as “the most exciting collector automobile auction company in the world”, but also as the industry’s most bankable, as Russo and Steele was Scottsdale 2017’s only major auction house to garner two consecutive years of positive growth momentum. This solidly proves again, that the genuine epicentre of the collector car universe in Scottsdale in January remains Russo and Steele Collector Automobile Auctions.
Some of Russo and Steele’s most notable Scottsdale sales include:1954 Mercedes-Benz 300 S Cabriolet A – $423,500.00 1973 Ferrari Dino 246 GTS Spyder – $379,500.00 1969 Ford Mustang Boss 429 – $335,500.00 2006 Ford GT – $261,750.00 2006 Mercedes-Benz McLaren SLR – $253,000.00
“Once again, our team has brilliantly demonstrated that our segment within the current collector car marketplace is highly robust, that true enthusiasts confidently perceive this and that they recognize Russo and Steele’s position as the resounding market leader within that segment”, comments Russo and Steele CEO Drew Alcazar. “This year, with our move to our incredible, long term new home at Salt River Fields at Talking Stick the enthusiasm captured by Russo and Steele has never been higher. However, it still fundamentally demonstrates that our clients genuinely value our customer service focused philosophy of cars and camaraderie and that the most desirable core component of a successful automotive event in Scottsdale remains the cars. At Russo and Steele it’s not about creating a three ring circus where the auction becomes a secondary attraction.
1969 Dodge Charger Coupe sold 42,350
It’s about offering the highest quality collector automobiles with the most integrity available anywhere and then maximizing the market value of those premium offerings on the block in a manner that resonates with sellers, buyers and attendees at a deep emotional level. We are genuine automotive enthusiasts and we treat our clients like family. These results unquestionably point to that mentality, which we continue to maintain at Russo and Steele as being the best in Arizona, year after year”, Alcazar continues. “With that said, we would like to thank our amazing new partners at the Salt River Pima-Maricopa Indian Community and the Team at Salt River Fields at Talking Stick for their hard work and their dedication to producing what was Russo and Steele’s most successful event to date. We are incredibly grateful for their support and look forward to continually raising the bar with them for many years to come.”
1970 Oldsmobile 442 W-30 sold $165,000
While Scottsdale 2017 post sale continues, the staff at Russo and Steele begins to set its sight on its return to the coast for its 5th annual Newport Beach auction June 2-4 and 17th annual Monterey Auction August 17-19. To market your collector automobile be sure to contact Russo and Steele’s friendly and expert Consignment Specialists early to maximize your sale result!
1955 Chevrolet Bel Air Custom Convertible sold $99,000
For Enthusiasts – By Enthusiasts. ™ At Russo and Steele Collector Automobile Auctions, it’s far more than a tagline. It’s our lifestyle!
1957 Oldsmobile 98 Star Fire J2 Convertible sold $59,400
Source: Russo and Steele
Photos: Randy Berg