Russo and Steele on the move

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Russo and Steele only grows bigger with the success of their 6th annual Monterey, CA auction.

Monterey, CA

Russo and Steele’s “Sports and Muscle in Monterey collector automobile auction has announced the resounding figure of $13 million dollars in final sales that roared across the auction block for their sixth annual, 100% No Reserve, Monterey auction that took place August 18-19, 2006. Amongst their success on the auction block Russo & Steele had great success during their Thursday, August 17th 2006, charity preview event that benefited a local Monterey, CA non-profit organization called “My Museum.”

Three different television programs captured the action and excitement at Russo & Steele Monterey. Voom’s Treasure HD, the high-definition program on collecting (found on dish network channel 9473), covered both nights of the entire auction live. Voom also aired two 1-hour preview shows that had interviews with Drew Alcazar, president of Russo & Steele, and John Bemiss, Consignment Director. Additionally, The Learning Channel filmed a segment of their “Rags to Riches” show that featured the Mercury Cougar prepared by Barry’s Speed Shop. Finally, The Discovery Channel filmed a segment featuring the 1953 Studebaker.

Among the spotlighted cars found at the auction were the only yellow 2005 Porsche Carrera GT (at this time) with a final bid of $375,000, a very rare and historic 1922 Duesenberg “A Model” race car with a final bid of $96,000, a 1938 Lencki Blue Crown Special Indy racer with a final bid of $240,000, a 1966 Shelby 427 full competition Cobra with a final bid of $585,000, a 1961 Lotus 20/22 Formula Junior with a final bid of $55,000, a 1959 Stanguellini FJ Monoposto with a final bid $121,000, and a 1989 Walkey LSR Streamliner with a final bid $35,000.

Details on all final bids on Russo and Steele cars can be found at www.russoandsteele.com.