Russo and Steele Scottsdale Smashes Five World Records

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With enough intensity and excitement to turn non-collectors into enthusiasts, the atmosphere at Russo and Steele’s Scottsdale 2012 auction block was downright palpable. An overflowing auction block, one-of-a-kind marvels and a record number of car-loving bidders led Russo and Steele to break 5 world records. From European sports to American muscle and hot rods to customs, this year’s auction event held an impressing line up of cars to suit the needs of any collector.

Russo and Steele Collector Automobiles five world record breaking sales are:

1968 Chevrolet L-88 Corvette Roadster
It has all the right equipment with the correct paperwork to verify its legitimacy. One of only 20 Roadsters produced in 1968 featuring the earth shaking, tire shredding, and asphalt burning L88! Once again fueling the American muscle car market Russo and Steele sold this L-88 for a record $687,500.00; obliterating the old record by over $100,000

1967 Ferrari 330GTC
The Ferrari 330 GTC model has become highly coveted by enthusiasts for its ease of maintenance, driving proficiency and manners. This particular model has undergone a Platinum level, Concours-quality rotisserie restoration and is a fine example of one of the most technologically advanced – and civilized Grand Touring cars of the time.
Sold: $429,000.00

1967 Chevrolet Camaro Convertible
Featured as a “Camaro for the street” in a 1967 issue of Hot Rod magazine, the Cherokee served Pace Car duties at Road America Can-Am under the helm of Sir Stirling Moss. This is a historic Camaro that has been well preserved and properly documented. It has a list of prominent owners and is offered as a true factory Hot-Rod.
Sold: $357,500.00

1937-Mercedes1937 Mercedes-Benz 230 A
Mercedes-Benz created three models of the 230 and designated each model by code letters. The automobile offered here is a beautiful example of the Cabriolet A and is a racy and relatively expensive sports model that is definitely a junior 540 K in appearance.
Sold: $159,500.00

1971 Oldsmobile 442 W-30 Convertible
This highly documented rare muscle car comes with original purchase order, vehicle invoice, broadcast card (documented letter from Helen Jones Earley in October of 1984), a copy of all three titles, letter from original owner, original owner’s manual and most important, original window sticker.
Sold: $132,000.00

Russo and Steele’s 12th annual auction event in Scottsdale reports a preliminary total sales number of over $20.3 million dollars with a sales rate of 71%; with significant post-sales still pending. The top ten sales of Russo and Steele’s 2012 Scottsdale auction were:

1. 1968 Chevrolet L-88 Corvette Roadster Sold: $687,500.00
2. 1965 Shelby GT 350 Sold: $467,500.00
3. 1953 Chevrolet Corvette ‘Noland Adams’ Sold: $467,500.00
4. 1967 Ferrari 330 GTC Sold: $429,000.00
5. 1967 Chevrolet Camaro Convertible Sold: $357,500.00
6. 1969 Ford Boss 429 Sold: $253,000.00
7. 1972 Ferrari Dino GTS Sold: $200,200.00
8. 1970 Dodge Hemi Challenger R/T SE Sold: $198,000.00
9. 1970 Chevrolet Chevelle SS 454 LS6 Sold: $165,000.00
10. 1969 Ford Mustang ‘Jack Morris’ Custom Sold: $161,000.00

For the 12th year in a row Russo and Steele’s Scottsdale Auction has remained true to its tagline of “For enthusiasts- by enthusiasts” in delivering an action packed auction event with record turnout. Owner and CEO, Drew Alcazar commented that 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.”

Complete individual automobile results are posted online now. For further information on the Sports and Muscle in Scottsdale auction event please visit www.russoandsteele.com.