AZ Auto Auctions 2011
Storm Damage from Last Years Russo Steele
CEO of Russo Steele Interview
After last year’s violent weather during the annual Scottsdale classic car auctions; Russo and Steele, which suffered the most extensive damage, is not taking any chances when it puts on its 11th annual event next January.
an ‘all-encompassing environment’ for the auction.
In a recent press statement, Drew Alcazar, CEO of Russo and Steele,
thanked the Arizona State Land Department and the City of Scottsdale for their assistance in helping find a new venue. “Countless hours were invested, looking at every conceivable option to improve and ensure the long-standing quality event we have invested so many years to build,” he said. Now, with the new venue confirmed, Alcazar went on to declare, “Russo and Steele is ready to put the pedal to the metal, as we make the strongest statement in our 11-plus-year history. Russo and Steele is back, better than ever.”
Sale of 65 Cobra to be Auction off, What is the next car for the owner
Also listen to the engine as the owner starts it for us.
Russo and Steele will also incorporate a Losberger structure – a German manufactured clear span ‘aluminum’ hall; designed to provide greater protection than a traditional tent as well as an ‘all-encompassing environment’ for the auction.
Russo and Steele Opening Night Gala
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Benefit of Big Brothers and Big Sister of Scottsdale
As a result, Russo and Steele has decided to move the site of its auction to North Scottsdale at the intersection of Freeway Loop 101 and Hayden Road. The new location was chosen primarily because it offers much better protection from the elements as well as improved drainage. For the 2011 auction, slated to take place on January 9-23 2011; Russo and Steele will also incorporate a Losberger structure – a German manufactured clear span ‘aluminum’ hall; designed to provide greater protection than a traditional tent as well as an ‘all-encompassing environment’ for the auction.
In a recent press statement, Drew Alcazar, CEO of Russo and Steele, thanked the Arizona State Land Department and the City of Scottsdale for their assistance in helping find a new venue. “Countless hours were invested, looking at every conceivable option to improve and ensure the long-standing quality event we have invested so many years to build,” he said. Now, with the new venue confirmed, Alcazar went on to declare, “Russo and Steele is ready to put the pedal to the metal, as we make the strongest statement in our 11-plus-year history. Russo and Steele is back, better than ever.”
For the 2011 auction, slated to take place on January 9-23 2011; Russo and Steele will also incorporate a Losberger structure – a German manufactured clear span ‘aluminum’ hall; designed to provide greater protection than a traditional tent as well as
Gooding & Company is recognized the world over as a leading exotic and rare car auction house specializing in the finest antique, classic, sports and racing cars. We have consistently achieved record-breaking results including the highest exotic car sales at prestigious venues such as Pebble Beach, Scottsdale and Amelia Island.
Russ Jackson died in 1993, and Tom Barrett died in April, 2004. Craig Jackson, who had worked actively on a daily basis throughout the year and on-site at the event, took over. Internet live bidding was introduced that year.
RM Auction was held at the prestigious Arizona Biltmore Resort & Spa, the two-day sale presented 180 quality automobiles, spanning a diverse range of blue-chip automotive marques. Top honors went to a coveted 1949 Ferrari 166MM Barchetta (pictured left), a matching-numbers Mille Miglia veteran and the 10th of just 25 examples built, which attracted strong interest, achieving $1,870,000.
"We are thrilled with the results from this week's Arizona sale. The offering attracted strong interest from collectors around the globe, with numerous lots exceeding expectations," says Rob Myers, Chairman and Founder, RM Auctions. "It is a great start to the New Year and paints a very positive forecast for the auction season ahead."
Following the success of last year's 'The British Are Coming', RM's 2011 Arizona sale kicked off on Thursday, January 20 with 'The British Are Back' -- an exclusive evening sale dedicated to the best of the British. Rolls-Royce claimed the top two sales of the night with a handsome 1932 Rolls-Royce Phantom II Newmarket Sport Sedan, one of just three original Brewster-bodied examples, bringing $440,000, while an extravagant 1921 Rolls-Royce 40/50 HP Silver Ghost Phaeton, built for the Calcutta Motor Show, realized $379,500. Rounding out the top three sales from the evening, a 1963 Aston Martin DB4 Series IV Vantage exceeded its pre-sale estimate, selling for $352,000.
Friday's top-sellers list was dominated by an exciting series of Ferraris and the 'best of the best' of the Classic Era. Continuing RM's reputation as the global leader in the presentation of important and historic Ferraris at auction, the sale featured no less than 11 examples from the Modenese Prancing Horse. Led by the sale-topping 166 MM Barchetta, other highlights included a stunning 1965 Ferrari 500 Superfast, one of just 32 built, for $935,000; a 1973 Ferrari 365 GTB/4 Daytona Spyder, offered from the personal collection of Baseball Hall of Famer Reggie Jackson, for $880,000; and the ex-Jacques Swaters 1995 Ferrari F50 Show Car, showing less than 1,000 miles, for $742,500.
The American Classics category was headlined by a rare 1933 Packard Twelve Sport Phaeton by Dietrich which realized $1,760,000, closely followed by a 1929 Duesenberg Model J Dual Cowl Phaeton driven by Elvis Presley in the film 'Spinout' for $1,237,500. The sale's cover car - a spectacular 1931 Marmon Sixteen Coupe, one of only six survivors -- also attracted spirited bidding, achieving $687,500 to set a new price level for Marmons.
Additional sale highlights included:
• a 1939 Bugatti Type 57C Three-Position Drophead Coupe for $913,000;
• a 1930 Cadillac V-16 Roaster for $577,500;
• a 1956 Cadillac Eldorado Biarittz Convertible for $286,000; and
• a 1926 Duesenberg Model A Dual Windshield Phaeton for $275,000
RM Auctions continues its 2011 calendar in Florida, March 12 with the return of its annual Amelia Island sale held in conjunction with the famed Amelia Island Concours d'Elegance. The international auction house kicks off its European auction calendar, May 21 with a new sale at the Concorso d'Eleganza Villa d'Este on the banks of Lake Como in Italy.
A paramount passion for cars, exotic, antique or collectible, is what drives Rob Myers. The original founder of RM Auto Restoration and RM Classic Cars – global leader in the investment-grade collector car market – Myers has taken his professional restoration and auction businesses headquartered in Chatham-Kent, Ontario, Canada and transformed them into a world-renowned group of companies.
Today, RM Auctions is the world's largest auction house for quality automobiles. RM's vertically integrated range of services - from restoration to private treaty sales, auctions, estate planning and financial services - coupled with its expert team of car specialists and international footprint, provide an unsurpassed level of service to the global collector car market.
