Russo & Steele

[Dave F.]

Website still does not have Scottsdale auction results listed. Latest issue of Old Cars Weekly has results from that auction, but they only list the cars declared sold. I do not see the big money Corvettes in the list, so I'm assuming they didn't sell.

-Dave

[Roy B.]

Re: Russo & Steele

All cars have to have a NO RESERVE to enter so they all had to sell.

[Mike M.]

Re: Russo & Steele

a good many of the high dollar cars with no reserve were bought back by their owners which cost them 16% of the final auction bid.mike

[Dave F.]

Re: Russo & Steele

I think Barrett is the only one with No Reserve on all cars. Here's the line form Russo's website:

Get Top Dollar for Your Car!

Niche Market YOUR Car With or Without Reserve Your Choice!

Exclusively dedicated to European Sports, American Muscle Cars and Street Rods, our limited program reaches buyers specifically for your type of car. Russo and Steele will protect your marketplace by limiting the number of overall and like type entries. With over 20 years auction experience, field your car at auction by the only dedicated event for YOUR kind of car!

[Dave F.]

Re: Russo & Steele

This confirms it. From the main page of their site regarding Scottsdale:

"Early estimates indicate that over 75 percent of the 400 cars offered were sold"

[David Van Weele]

Re: Russo & Steele

You are right Barrett Jackson was No Reserve on all of the cars. I received my check today and will await it clearing my bank before I post my comments and experiences at B-J.

[Dave F.]

Re: Russo & Steele

David,

I will look forward to that. It is always interesting to hear people's experience with auctions. I've heard good, I've heard bad, but there always seems to be a story to tell.

-Dave

[Dave B.]

Re: Russo & Steele

Hi Dave,
Enjoyed talking with you Friday at Barrett-Jackson. Hope you got what you wanted on Sat. On Sat we all went to the Russo Steele auction to see what it was about. Had some plenty of nice cars there that drew more reasonible prices, although several didn't reach reserve. Russo charges a hefty 10% buyers fee... sellers pay 5% if they sell no reserve, 10% with a reserve.
Regards
Dave

[Steve B.]

Re: Russo & Steele

I am very curious to here your comments. In my humble opinion there seemed to be some auctions that seemed fishy to me. I contemplated bringing a car there but did not have the stomach for a no reserve auction.