After much fanfare surrounding their new venue at Salt River Fields at Talking Stick, Russo and Steele Collector Automobile Auctions has annoucned market-leading sales results with early totals reaching $22.1m 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 seven figures over 2016’s previously impressive showing.
Russo and Steele was Scottsdale 2017’s only major auction house to garner two consecutive years of positive growth momentum.
Some of Russo and Read More
Monterey may be where the high end of the market plays, but there were plenty of cars at all price points on the Peninsula this past week. We’ll be digging into the numbers and the details in our next issues of ACC and SCM.
In the meantime, here are some of my favorite shots of Read More
Russo and Steele rolls into Newport Beach, CA on June 10. The three-day auction will offer over 400 cars, including plenty of American iron. Chief among the early consignments is a completely restored 1970 Pontiac GTO Judge.
The Judge is a true WT1 car — the cowl code that denotes Canadian-built Judges — and features a Ram Air III 400-ci engine and its original 4-speed and rear end. It has just 5,800 indicated miles since restoration, Read More
The auction year rumbles to life this week, with Barrett-Jackson, Russo and Steele, RM, Gooding, Bonhams, and Silver all hosting auctions in sunny Arizona.
The Arizona stats speak for themselves. Typically, we see about 2,800 cars cross the auction blocks in the Grand Canyon State, and last year, 2,300 of them sold for a combined $253m — a highest-ever auction total out of the Janaury week. High-end million-dollar Read More