Russo and Steele staged its 12th annual Sports and Muscle in Scottsdale auction on January 18-22, 2012 in Arizona, resulting in more than $20 million in sales and a 71% sell-through rate.
Russo and Steele offered more than 700 cars over five days in Arizona, with the top sale going to the 1968 Chevrolet Corvette L-88 Roadster that sold for a world-record $687,500. Other record auction results at the 2012 sale included the 1967 Ferrari 330 GTC at $429,000, the 1967 Chevrolet Camaro Convertible that brought $357,500, the 1937 Mercedes-Benz 230A for $159,500 and the 1971 Oldsmobile 442 W-30 Convertible that sold for $132,000.
The Russo and Steele Scottsdale 2012 auction saw the debut of improvements to the venue, including additional space for consignments, new asphalt and the Losberger main auction structure that holds the main auction block, vehicle staging, vendors and sponsors.
Russo and Steele Owner and CEO Drew Alcazar said he was, “extremely pleased with smashing the 2011 attendance record for both general admission and registered bidders. In fact, nothing is better than having the ability to introduce thousands of new enthusiasts to the interactive, visceral experience that is Russo and Steele.”
Russo and Steele Scottsdale 2012 – Top Ten Auction Results
1. 1968 Chevrolet L-88 Corvette Roadster – $687,500.00
2. 1965 Shelby GT 350 – $467,500.00
3. 1953 Chevrolet Corvette ‘Noland Adams’ – $467,500.00
4. 1967 Ferrari 330 GTC – $429,000.00
5. 1967 Chevrolet Camaro Convertible – $357,500.00
6. 1969 Ford Boss 429 – $253,000.00
7. 1972 Ferrari Dino GTS – $200,200.00
8. 1970 Dodge Hemi Challenger R/T SE – $198,000.00
9. 1970 Chevrolet Chevelle SS 454 LS6 – $165,000.00
10. 1969 Ford Mustang ‘Jack Morris’ Custom – $161,000.00
For complete results, visit www.russoandsteele.com.
[Source: Russo and Steele]
