The Russo and Steele Monterey 2016 auction was held August 18-20 in downtown Monterey, California, resulting in $10.9 million in total sales. The three-day auction saw record crowds visit Russo’s waterfront venue at Fisherman’s Wharf.
Russo and Steele CEO Drew Alcazar, said, “The additional revenue earned by Russo and Steele in Monterey in 2016 show that despite a particularly conservative marketplace, the segment we hold remains strong.Again like in Scottsdale 2016, we have exceeded 2015’s results and are further evidenced that the real value of the Russo and Steele’s brand as one that is committed to producing growth, no matter external factors may exist. We really have to point to the support of our wonderful bidders, consignors and attendees and say thanks for what was Russo and Steele’s most successful auction season to date.”
The top result at this year’s auction went to the 1955 Mercedes-Benz 300 SL Gullwing Coupe that sold for $1,155,000, followed by the pre-production 2004 Ford GT prototype that made $836,000 and the 1993 Jaguar XJ220 that brought $435,000.
Other notable results included the 2014 Mercedes-Benz SLS AMG Black Series Coupe at $418,000, the 1988 Lamborghini Countach LP5000 QV at $321,750, the 2000 Ferrari 550 Maranello at $194,700 and the 1955 Facel Vega FV1 at $181,500.
Russo and Steele Monterey 2016 – Top Ten Auction Results
1. 1955 Mercedes-Benz 300 SL Gullwing Coupe – $1,155,000
2. 2004 Ford GT Pre-Production Prototype – $836,000
3. 1993 Jaguar XJ220 – $435,000
4. 2014 Mercedes-Benz SLS AMG Black Series Coupe – $418,000
5. 2009 Ferrari 430 Scuderia Spider 16M – $355,000
6. 1970 Ferrari 365 GT Coupe 2+2 – $346,500
7. 1988 Lamborghini Countach LP5000 QV – $321,750
8. 1957 Porsche 356A Speedster – $250,000
9. 2000 Ferrari 550 Maranello – $194,700
10. 1955 Facel Vega FV1 – $181,500
For complete auction results, visit RussoandSteele.com.
Russo and Steele will next return to Arizona for its flagship Scottsdale auction January 18-22, 2017.
[Source: Russo and Steele]
