Russo and Steele Auctions pitched its tents at the Newport Dunes Waterfront Resort in Newport Beach, California, the first weekend in June, generating great momentum with a staggering 71 percent increase over last year with sales totaling more than $7.2 million. Modern marvels of the sports car led the big-ticket increases.<\/p>\n
The top seller across the block was a 2005 Porsche Carrera GT that gaveled at $840,000, followed by a 2006 Ford GT (shown) at $337,700 and a 2012 Lexus LFA at $335,000. It proved to be a great sale for the company whose interactive \u201cin the round\u201d style auctions put bidders and enthusiasts right on the floor with the cars coming up for sale.<\/p>\n
Beautiful classics, including a 1971 Maserati Ghibli, a 1957 Porsche 356 T1 Cabriolet, a 1966 Shelby GT350 Hertz Rent-a-Racer and a Bubble-Top 1958 Fiat Abarth 750 all sold in the six-figure range. The scenic beauty of the oceanside setting and the excitement of the crowd was infectious as increased attendance and a great selection of cars drove sales up more than $3 million year over year.<\/p>\n
According to Russo and Steele chief Drew Alcazar, \u201cThe team is now working hard to build a great selection of top-notch collector cars for this year\u2019s Monterey auctions August 13-15 next to historic Fisherman\u2019s Wharf.\u201d<\/p>\n
Top 10 Results from Russo and Steele\u2019s Newport Beach Auction:<\/p>\n
2005 Porsche Carrera GT \u2013 $840,000<\/p>\n
2006 Ford GT \u2013 $337,700<\/p>\n
2012 Lexus LFA \u2013 $335,000<\/p>\n
1971 Maserati Ghibli \u2013 $226,600<\/p>\n
1957 Porsche 356 T1 Cabriolet \u2013 $181,500<\/p>\n
1954 Chevrolet Corvette Custom \u2013 $159,500<\/p>\n
1966 Shelby GT350H \u2013 $137,500<\/p>\n
1958 Fiat 750 Abarth \u2013 $136,640<\/p>\n
1962 Chevrolet Corvette \u2013 $130,000<\/p>\n
1964 Volkswagen Type II Dual Cab Transporter \u2013 $89,100<\/p>\n