The Russo and Steele Scottsdale 2016 auction was held January 27-31 in Scottsdale, Arizona, resulting in $20.7 million in total sales and a 72 percent sell-through rate. The auction company’s overall Scottsdale numbers increased eleven percent over 2015, including a seven-figure improvement in sales. The company also reported increases in attendance during this year’s event.
Russo and Steele CEO Drew Alcazar said, “It is very clear that the impressive increases we demonstrated in Scottsdale this year show the vigor and vitality of our segment within the current collector car marketplace. This year, we didn’t rely on a multitude of multi-million dollar and/or high profile celebrity type cars with stories attached, yet we still produced positive numbers universally across the board, which is something only Russo and Steele achieved during this year’s events.”
With 520 lots sold on 723 lots offered, the top result at the 2016 Russo and Steele Scottsdale sale went to the 2003 Saleen S7 Coupe that sold for $387,750, followed by the 1973 Ferrari Dino 246 GTS that brought $374,000 and the 2005 Ford GT that made $341,000.
Other notable results included the last-of-the-breed, 25th Anniversary edition 1990 Lamborghini Countach that sold for $275,000, a 1970 Oldsmobile 442 W-30 Convertible at $308,000, the 1963 Ferrari 250 GTE 2+2 the hammered for $324,500 and a 1988 Ferrari Testarossa that fetched $181,500.
Russo and Steele Scottsdale 2016 – Top Ten Auction Results
1. 2003 Saleen S7 Coupe – $387,750
2. 1973 Ferrari Dino 246 GTS Spyder – $374,000
3. 2005 Ford GT – $341,000
4. 1963 Ferrari 250 GTE 2+2 – $324,500
5. 1970 Oldsmobile 442 W-30 Convertible – $308,000
6. 1990 Lamborghini Countach – $275,000
7. 1968 Dodge Hemi Charger – $242,000
8. 1965 Ferrari 330 GT 2+2 “Shark Nose” – $225,500
9. 1966 Shelby GT350 Fastback – $192,500
10. 1988 Ferrari Testarossa – $181,500
For complete auction results, visit RussoandSteele.com.
Russo and Steele will return to California for its 4th annual Newport Beach auction June 10-12 and 16th annual Monterey Auction August 18-20.
[Source: Russo and Steele]
I’d like the total results of all cars sold