Following another fast paced, high energy showing on Fisherman’s Wharf, downtown during Monterey, California’s famed collector car week, Russo and Steele Collector Automobile Auctions has announced sales results totaling $8.6 Million with a 57 percent sell-through rate. Among the lots hammered sold was one that brought in more than $1 million, a 1953 Ferrari 250 GT Europa (above, photo courtesy of Russo and Steele), that fetched $1,155,000.
“Our primary objective in Monterey in 2017 was to adhere to a much more selective Consignment process, and as such offer the cars the market wanted at very appropriate reserves,” commented Russo and Steele CEO Drew Alcazar. “This simple approach equated to an exciting, dramatic sale, ending with a packed, standing room only event, every night of auction and the words ‘Sold, Sold, Sold!’ echoing throughout every corner of downtown Monterey.”
Russo and Steele’s top five Monterey sales were:
- 1953 Ferrari 250 GT Europa – $1,155,000
- 2005 Porsche Carrera GT – $671,000
- 1969 Ford Mustang Boss 429 Fastback – $355,000
- 2008 Mercedes-Benz McLaren SLR Silver Arrow – $352,000
- 2005 Ford GT – $305,000
Next, Russo and Steele proudly presents its triumphant return to the high desert of sunny Scottsdale, Arizona and its ultra-premium new venue, Salt River Fields at Talking Stick for its flagship event January 17-21, 2018. For more information please visit www.russoandsteele.com
