Russo and Steele
| Company type | Private |
|---|---|
| Industry | Auction |
| Founded | 2001 |
| Founder | Drew Alcazar, Josephine Alcazar |
| Headquarters | Phoenix, Arizona , United States |
Area served | United States |
| Products | Collector and classic car auctions |
| Website | www |
Overview
Russo and Steele is a prominent American firm specializing in collector and classic car auctions, with its main office located in Phoenix, Arizona. The enterprise focuses on offering a diverse range of vehicles, including European sports cars, American muscle cars, hot rods, and custom cars. Established in 2001 by Drew and Josephine Alcazar, the company initially launched its auction events in Scottsdale, Arizona and Monterey, California. Over time, it expanded to include auctions held at Amelia Island, Florida.
The auctions typically take place outdoors, where potential buyers have the opportunity to examine and bid on vehicles within an "auctions in the round" setting, allowing for a 360-degree view of the automobiles.
Notable Incident
During an event in 2010, a large auction tent measuring approximately 800 feet was toppled by severe winds. This incident resulted in damage to several cars and incurred losses estimated at $1.5 million. Following this event, a documentary series aired on ESPN, showcasing the company's efforts to recover from the setback.