SCOTTSDALE, AZ, – October 2, 2007 – Russo and Steele Collector Automobile Auctions, announced today it has signed a multi-year contract with the Arizona State Land Department for the continued use of the property located at the Scottsdale Road and Loop 101 interchange, Russo and Steele’s traditional site for the last seven years.

When asked about the highly publicized land deal, Drew Alcazar, owner of Russo and Steele, said “I’d like to thank all those who worked so diligently to assist us in securing a multi-year agreement for our home in Scottsdale. We are extremely excited about continuing to build on the equity of our relationships in Scottsdale that we have made over the last eight years and building for a continued investment in the future.”

Josephine Alcazar, the firm’s co-owner, added, “We are obviously thrilled about having this land agreement taken care of, but most of all, we wanted to just say thanks for all the support and assistance that we have received from both the City of Scottsdale and our avid clients.”

This year’s event, the eighth in North Scottsdale, will be held January 16-20, 2008, and will showcase over five hundred cars. The festivities will kick off on Wednesday, January 16th with Russo and Steele’s Motown Charity Gala benefiting the Phoenix Children’s Hospital’s Emily Center, and will continue Thursday through Sunday as the cars drive across the auction block. The vehicle preview will be held Wednesday through Sunday with gates opening at 10 AM every morning, and the auction will start at noon each day.

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