1972 Ferrari 365 GTB/4 Daytona

Russo and Steele Monterey 2012 – Auction Results

The Russo and Steele Monterey Auction 2012 was held August 16-18 by Fisherman’s Wharf on the waterfront in downtown Monterey, California, resulting in preliminary total sales exceeding $10 million.

The 12th annual Russo and Steele Monterey sale saw more than 250 cars cross the auction block in Russo’s interactive and entertaining fashion. Top sale at the 2012 auction went to the 1965 Shelby Cobra 289 CSX2538 that sold for $781,000, followed by the 1972 Ferrari 365 GTB/4 Daytona that made $379,500 and the 1972 Ferrari Dino 246 GT that brought $363,000.

Other notable sales included the 1956 Alfa Romeo Sprint Veloce Coupe “Ultra Light” that sold for a world-record $302,500, the 1966 Shelby GT350 at $236,500, the 1959 Devin SS Roadster for $165,000 and Enzo Ferrari’s Prancing Horse sculpture that captured $86,250.

Russo and Steele CEO Drew Alcazar commented, “Looking out to an overflowing auction block was nothing but vindication that the critical step of creating a new venue in Monterey was not only essential, but has now launched Russo and Steele in a dramatic step forward. We are pleased that Russo and Steele and the City of Monterey have secured a long term partnership agreement that has enabled Russo and Steele to lay this foundation for a very exciting future here in Monterey, California.”

Russo and Steele Monterey 2012 – Top Ten Auction Results

1. 1965 Shelby Cobra 289 Roadster – $781,000
2. 1972 Ferrari 365 GTB/4 Daytona Coupe – $379,500
3. 1972 Ferrari Dino 246 GTS Targa – $363,000
4. 1956 Alfa Romeo Sprint Veloce Ultra Light Coupe – $302,500
5. 1974 Ferrari Dino 246 GTS – $247,500
6. 2006 Mercedes-Benz SLR McLaren Roadster – $237,600
7. 1966 Shelby GT350 – $236,500
8. 1953 Chevrolet Corvette Roadster – $170,500
9. 1959 Devin SS Roadster – $165,000
10. 2009 Bentley Arnage T Sedan – $145,200

For additional results, visit www.russoandsteele.com.

[Source: Russo and Steele]