Russo and Steele Florida Reports Strong Inaugural Sales

. April 3, 2008

Hollywood, FL – Russo and Steele Collector Automobiles, one of the nation’s premier collector car auctions, specializing in European sports cars, American muscle cars, hot rods and customs reports a strong first event sales total of $5.2 million dollars. With strong Post Sale activity still pending, preliminary sales percentage estimates are between 42-43%.

The Florida 2008 event was held in over 50,000 square feet of tents at the Seminole Hard Rock Hotel & Casino. This auction event was Russo and Steele’s first auction event held as an ALL RESERVE format.

“We had a tremendous amount of sales in our post-sale at this event. This is a-typical for a 1st event since many of our new clients are getting familiar with Russo and Steele’s auction style. Our Florida event was definitely a success for an inaugural program and we look forward to building on the many new relationships built in Florida,” said Drew Alcazar, owner of Russo and Steele.

The 8th Annual “Sports and Muscle in Monterey” event at the downtown Marriott Hotel in Monterey, CA is this August 14-16, 2008.

For further information, or full sales results from the “Russo and Steele Florida” event visit www.russoandsteele.com.

About Russo and Steele Collector Automobile Auctions
Russo and Steele Collector Automobiles is one of the nation’s premier collector car auctions, specializing in European sports cars, American muscle cars, hot rods and customs. Two auctions have been staged each year with the signature auction taking place in Scottsdale, Arizona every January, followed by Monterey, California in August. 2008 marks the addition of a third auction, in Hollywood, Florida.

Category: Auction News

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