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If you would like to cover our events for your media publication please feel free to apply for media credentials. After the application is filled out please allow us two weeks to respond to your request via email.
Here, you will find press releases, media alerts, and high-resolution images. Please take a moment to register for future media notifications and press mailings.
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This record breaking auction never had a dull moment!
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Russo and Steele's "Sports and Muscle in Monterey" Auction Soars to Record Sales
Two Significant Shelby Automobiles Break Million-Dollar Mark
Monterey, CA. (Aug 23, 2005) -- Russo and Steele's "Sports and Muscle in Monterey" collector automobile auction shattered it's previous sales record with sales exceeding $10.6 million dollars in one night! Five of the top eight cars sold were Shelby American automobiles. Russo and Steele officials report that both sales and attendance were both up by over 75 percent from last year's auction, and that all 83 of Russo and Steele's cars were sold on Saturday, August 20th at No Reserve. The top sales were Shelby American competition-prepared automobiles, with a 1965 "Type 65" 427 Daytona Super Coupe bringing the top bid of the evening at $1,457,500.00. A pair of significant 289 competition Cobras followed closely behind, with 1963 chassis number CSX2138 selling for $1,292,500.00, and 1962 chassis number CSX2011 bringing a bid of $770,000.00.Additionally, two Shelby GT350s set new world-records, with a 1965 GT350-R model bringing $473,000.00, and a 1965 GT350 early 2-digit street car going for an amazing $324,500.00.
Other cars bringing strong numbers were a 2003 Saleen S7 ($363,000.00), a 1961 Mercedes 300SL roadster ($330,000.00), a 1967 Ferrari 330 GTS ($330,000.00), a Mercedes 300SL Gullwing ($313,500.00) and a 1970 Plymouth Hemi 'Cuda coupe ($242,000.00).
"It was an amazing and exciting sale," comments Drew Alcazar, the president of Russo and Steele. "The atmosphere was absolutely electric, and a lot of cars sold for some really astounding prices. The collector car hobby is obviously enjoying a great resurgence and we are privleged to enjoy great relationships as we dilligently represent our clients"
Russo and Steele is passionate about offering the finest in European Sports and American Muscle cars in an intimate setting. This Scottsdale-based collector car auction has built an extraordinary reputation on quality, integrity, professional discretion and camaraderie amongst enthusiasts. Their next auction will be in Scottsdale, Arizona on January 19th and 20th, 2006.
For images, detailed sales results or more information, please see www.russoandsteele.com
For more information, contact:
Stephanie Quinn
Phone: (602) 252-2697
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