Russo and Steele Smashes World Record in Monterey ... 1956 Alfa Romeo Sprint Veloce Ultra Light Coupe Sold at $302,500


Ferrari 400 Superamerica Pininfarina Aerodynamico Coupe s/n 4113SA

Ferrari 400 Superamerica Pininfarina Aerodynamico Coupe s/n 4113SA

1966 Ferrari 330 GTC s/n 9125 & 1972 Ferrari 365 GTB/4 Daytona Sold at $379,500

1966 Ferrari 330 GTC s/n 9125 & 1972 Ferrari 365 GTB/4 Daytona Sold at $379,500

1960 Ferrari 250 GT Cabriolet PF s/n 2077GT

1960 Ferrari 250 GT Cabriolet PF s/n 2077GT

 

Monterey, CA, August 20, 2012

Monterey car week was buzzing when Russo and Steele opened its gates and allowed car enthusiasts into its venue for the first time this August 16-18, 2012. The venue was everything Russo and Steele had promised and more with staging lanes, lifestyle vendors, live entertainment and the perfect setting to view classic cars in Monterey, CA.

To kick off the Saturday night auction Russo and Steele unveiled and then auctioned Enzo Ferrari’s famed Ferrari Prancing Horse or “Cavallino Rampante.” The auction block was standing room only as the Ferrari enthusiasts and auction attendees began a spirited round of bidding for the opportunity to take home an international icon and a piece of Ferrari history. In the end Enzo Ferrari’s Prancing Horse sculpture sold for $86,250 and setting the Russo and Steele auction block a blaze of bidding throughout the evening.

As the block began to heat up at the Russo and Steele 12th Annual Sports and Muscle Monterey auction enthusiasts watched as the 1956 Alfa Romeo Sprint Veloce Coupe “Ultra Light” smashed a world record with its sale of $302, 500 on the block. The new location combined with the intensity and excitement known only at Russo and Steele had the Monterey auction block downright palpable. This year's Monterey preliminary total sales exceed $10 million dollars; with a few significant post sales pending.

For the 12th year in a row Russo and Steele’s Monterey Auction 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 “Looking out to an overflowing auction block was nothing but vindication that the critical step of creating a new venue in Monterey was not only essential, but has now launched Russo and Steele in a dramatic step forward. We are pleased that Russo and Steele and the City of Monterey have secured a long term partnership agreement that has enabled Russo and Steele to lay this foundation for a very exciting future here in Monterey, California. "

Russo and Steele Monterey 2012 – Top Ten Auction Results

1. 1965 Shelby Cobra 289 Roadster s/n CSX2538 – $781,000
2. 1972 Ferrari 365 GTB/4 Daytona Coupe s/n 16565 – $379,500
3. 1972 Ferrari Dino 246 GTS s/n 04996  – $363,000
4. 1956 Alfa Romeo Sprint Veloce Ultra Light Coupe – $302,500
5. 1974 Ferrari Dino 246 GTS s/n 04468 – $247,500
6. 2006 Mercedes-Benz SLR McLaren Roadster – $237,600
7. 1966 Shelby GT350 – $236,500
8. 1953 Chevrolet Corvette Roadster – $170,500
9. 1959 Devin SS Roadster – $165,000
10. 2009 Bentley Arnage T Sedan – $145,200